Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,239 shares of the real estate investment trust’s stock after selling 1,924 shares during the quarter. Victory Capital Management Inc.’s holdings in Sunstone Hotel Investors were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHO. Intech Investment Management LLC acquired a new stake in Sunstone Hotel Investors in the third quarter worth about $573,000. Charles Schwab Investment Management Inc. boosted its holdings in Sunstone Hotel Investors by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust’s stock worth $42,126,000 after acquiring an additional 117,390 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Sunstone Hotel Investors by 7.1% in the third quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 4,492 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sunstone Hotel Investors by 460.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust’s stock worth $14,596,000 after acquiring an additional 1,161,792 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Sunstone Hotel Investors in the third quarter worth about $1,459,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group raised their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Truist Financial reduced their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Friday. Finally, Morgan Stanley restated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.57.

Sunstone Hotel Investors Stock Down 0.9 %

Shares of SHO stock opened at $9.73 on Friday. The stock has a 50 day moving average of $10.89 and a 200 day moving average of $10.88. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.95 billion, a P/E ratio of 12.80, a P/E/G ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to analysts’ expectations of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, sell-side analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 257.14%.

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.