Natixis Advisors LLC Buys 13,446 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Natixis Advisors LLC lifted its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,116 shares of the real estate investment trust’s stock after acquiring an additional 13,446 shares during the quarter. Natixis Advisors LLC’s holdings in Sunstone Hotel Investors were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 2,448 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 1,743 shares during the last quarter. KBC Group NV grew its holdings in shares of Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 3,249 shares during the period. Longboard Asset Management LP purchased a new stake in Sunstone Hotel Investors during the fourth quarter valued at $141,000. Finally, Heritage Family Offices LLP lifted its holdings in Sunstone Hotel Investors by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 969 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Performance

SHO opened at $9.78 on Wednesday. The company has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $10.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $1.97 billion, a P/E ratio of 12.87, a PEG ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors, Inc. has a 1-year low of $9.39 and a 1-year high of $12.41.

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

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.09 per share. 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target 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. Truist Financial reduced their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 21st. Jefferies Financial Group lifted their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.57.

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.