Nisa Investment Advisors LLC Has $356,000 Stock Position in Sunstone Hotel Investors, Inc. $SHO

Nisa Investment Advisors LLC reduced its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,538 shares of the real estate investment trust’s stock after selling 13,670 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sunstone Hotel Investors were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHO. GAMMA Investing LLC boosted its stake in shares of Sunstone Hotel Investors by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,560 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $1,182,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $1,504,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $42,838,000. Finally, Victory Capital Management Inc. lifted its stake in Sunstone Hotel Investors by 994.8% in the first quarter. Victory Capital Management Inc. now owns 407,682 shares of the real estate investment trust’s stock valued at $3,836,000 after purchasing an additional 370,443 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Analyst Upgrades and Downgrades

SHO has been the subject of several research reports. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Evercore ISI increased their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Truist Financial dropped their target price on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company upgraded Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus price target of $8.93.

Sunstone Hotel Investors Trading Down 1.3%

NYSE SHO opened at $8.88 on Monday. The stock’s 50-day simple moving average is $9.36 and its two-hundred day simple moving average is $8.98. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. 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 company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 443.97, a PEG ratio of 5.32 and a beta of 1.29.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating 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 business 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 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.09 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 4.1%. Sunstone Hotel Investors’s payout ratio is currently 1,800.00%.

Sunstone Hotel Investors 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.