Nisa Investment Advisors LLC Sells 2,982 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Nisa Investment Advisors LLC reduced its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,520 shares of the real estate investment trust’s stock after selling 2,982 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sunstone Hotel Investors were worth $711,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Heritage Family Offices LLP raised its position in shares of Sunstone Hotel Investors by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 969 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Sunstone Hotel Investors by 13.7% during the fourth quarter. Diversified Trust Co now owns 40,697 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 4,897 shares in the last quarter. GAMMA Investing LLC raised its position in Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,743 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sunstone Hotel Investors by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock worth $49,284,000 after purchasing an additional 1,130,558 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Sunstone Hotel Investors by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock valued at $11,566,000 after buying an additional 116,058 shares during the period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

NYSE:SHO opened at $11.58 on Wednesday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 4.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a fifty day moving average of $11.68 and a 200 day moving average of $10.76. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.11%. Sunstone Hotel Investors’s dividend payout ratio is presently 44.74%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SHO shares. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.86.

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.