Sunstone Hotel Investors, Inc. $SHO Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 613,422 shares of the real estate investment trust’s stock after acquiring an additional 21,503 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.31% of Sunstone Hotel Investors worth $5,325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHO. GAMMA Investing LLC increased its stake in Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,560 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Sunstone Hotel Investors by 62.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,881 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Sunstone Hotel Investors during the first quarter worth about $82,000. United Services Automobile Association acquired a new stake in Sunstone Hotel Investors during the first quarter worth about $120,000. Finally, DRW Securities LLC acquired a new stake in Sunstone Hotel Investors during the first quarter worth about $121,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Down 0.9%

NYSE:SHO opened at $9.56 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $9.26 and its two-hundred day moving average is $8.96. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41. The company has a market cap of $1.82 billion, a PE ratio of 477.99, a P/E/G ratio of 3.53 and a beta of 1.29.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The company had revenue of $259.77 million for the quarter, compared to the consensus estimate of $256.68 million. During the same quarter last year, the business posted $0.28 EPS. Sunstone Hotel Investors’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 1,800.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SHO. Evercore ISI increased their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Wall Street Zen lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Wells Fargo & Company lowered their target price on Sunstone Hotel Investors from $9.00 to $8.50 and set an “equal weight” rating for the company in a research note on Tuesday, July 1st. JPMorgan Chase & Co. began coverage on Sunstone Hotel Investors in a research note on Monday, June 23rd. They issued an “underweight” rating and a $8.00 target price for the company. Finally, Truist Financial lowered their target price on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus target price of $8.93.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.