1 week Ago By Defense World Staff
Norges Bank purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 731,293 shares of the real estate investment trust’s stock, valued at approximately $8,659,000.
Norges Bank owned approximately 0.36% of Sunstone Hotel Investors at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in SHO.
Smartleaf Asset Management LLC raised its stake in Sunstone Hotel Investors by 442.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 2,448 shares in the last quarter.
GAMMA Investing LLC increased its holdings 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 valued at $39,000 after acquiring an additional 1,743 shares during the period.
KBC Group NV increased its holdings in shares of Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 3,249 shares during the period.
Longboard Asset Management LP bought a new position in shares of Sunstone Hotel Investors in the 4th quarter worth $141,000. Finally, Heritage Family Offices LLP lifted its stake in shares of Sunstone Hotel Investors by 7.2% during the 4th quarter.
Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.
Sunstone Hotel Investors Stock Down 3.8 %NYSE:SHO opened at $7.70 on Wednesday.
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, Inc. has a twelve month low of $7.
63 and a twelve month high of $12.41. The company has a market cap of $1.
55 billion, a PE ratio of 10.13, a P/E/G ratio of 4.52 and a beta of 1.
16. The company’s 50 day moving average is $10.22 and its two-hundred day moving average is $10.
78. Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.
16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02.
Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%.
The firm had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million.
Analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.
Sunstone Hotel Investors Announces DividendThe firm 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 $0.09 dividend.
The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.
68%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 257.14%.
Analyst Upgrades and DowngradesSeveral research firms have issued reports on SHO. Truist Financial cut their target price on Sunstone Hotel Investors from $12.00 to $11.
00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th.
Jefferies Financial Group boosted their price objective 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, Wells Fargo & Company lowered their target price on shares of 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.
Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.
57.Read Our Latest Analysis on Sunstone Hotel InvestorsAbout Sunstone Hotel Investors (Free Report)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.
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