Vanguard Group Inc. Has $370.29 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Vanguard Group Inc. lowered its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,274,537 shares of the real estate investment trust’s stock after selling 445,449 shares during the quarter. Vanguard Group Inc. owned 15.57% of Sunstone Hotel Investors worth $370,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SHO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $14,596,000 after purchasing an additional 1,161,792 shares during the period. Verition Fund Management LLC bought a new position in shares of Sunstone Hotel Investors during the third quarter worth about $1,459,000. Holocene Advisors LP acquired a new position in shares of Sunstone Hotel Investors in the third quarter worth approximately $519,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Sunstone Hotel Investors by 4.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 989,052 shares of the real estate investment trust’s stock valued at $10,207,000 after purchasing an additional 44,242 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new stake in shares of Sunstone Hotel Investors during the third quarter worth $3,220,000. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Stock Performance

SHO opened at $9.45 on Thursday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 4.52 and a beta of 1.19. The company’s fifty day moving average price is $10.56 and its two-hundred day moving average price is $10.86. Sunstone Hotel Investors, Inc. has a 1-year low of $9.28 and a 1-year high of $12.41. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (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 the consensus estimate of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. On average, analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.81%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 257.14%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their target price 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. 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. Finally, Truist Financial reduced their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus target price of $11.57.

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.