Swiss National Bank Has $4.50 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Swiss National Bank raised its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379,949 shares of the real estate investment trust’s stock after buying an additional 2,300 shares during the period. Swiss National Bank owned about 0.19% of Sunstone Hotel Investors worth $4,499,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Sunstone Hotel Investors by 442.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,448 shares in the last quarter. GAMMA Investing LLC increased its position in Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,743 shares during the last quarter. KBC Group NV raised its stake in shares of Sunstone Hotel Investors by 55.4% during the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,249 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at about $141,000. Finally, Heritage Family Offices LLP grew its stake 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. Institutional investors and hedge funds own 99.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SHO. Truist Financial cut their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group raised their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley reissued an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company cut their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sunstone Hotel Investors has an average rating of “Hold” and an average price target of $11.57.

Sunstone Hotel Investors Trading Down 0.8 %

Shares of NYSE:SHO opened at $9.78 on Wednesday. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $12.41. 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 company has a market cap of $1.97 billion, a P/E ratio of 12.87, a P/E/G ratio of 4.52 and a beta of 1.19. The stock’s 50-day moving average is $10.82 and its 200-day moving average is $10.89.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.68%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 257.14%.

About Sunstone Hotel Investors

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.