GAMMA Investing LLC Has $39,000 Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

GAMMA Investing LLC boosted its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 114.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,271 shares of the real estate investment trust’s stock after buying an additional 1,743 shares during the quarter. GAMMA Investing LLC’s holdings in Sunstone Hotel Investors were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. bought a new stake in shares of Sunstone Hotel Investors in the second quarter valued at approximately $34,000. Quarry LP raised its stake in Sunstone Hotel Investors by 584.1% during the 2nd quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,680 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Sunstone Hotel Investors in the 3rd quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. grew its position in Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Sunstone Hotel Investors by 12.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 17,479 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,881 shares during the period. Institutional investors own 99.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SHO shares. Jefferies Financial Group increased their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.86.

Sunstone Hotel Investors Stock Up 0.9 %

NYSE SHO opened at $11.60 on Wednesday. Sunstone Hotel Investors, Inc. has a 1-year low of $9.39 and a 1-year high of $12.41. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 6.45 and a beta of 1.21. The stock’s 50 day moving average is $11.42 and its two-hundred day moving average is $10.65. 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 announced its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 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 $226.40 million during the quarter, compared to analyst estimates of $224.61 million. During the same period in the prior year, the firm earned $0.23 EPS. Sunstone Hotel Investors’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s payout ratio is 44.74%.

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.