6 days Ago By ABMN Staff
Alliancebernstein L.P. lessened its stake in Sunstone Hotel Investors, Inc.
( NYSE:SHO – Free Report ) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,583 shares of the real estate investment trust’s stock after selling 44,119 shares during the period.
Alliancebernstein L.P. owned 0.
14% of Sunstone Hotel Investors worth $3,239,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co.
Ltd. increased its holdings in shares of Sunstone Hotel Investors by 6.8% in the fourth quarter.
Nomura Asset Management Co. Ltd. now owns 271,125 shares of the real estate investment trust’s stock valued at $3,210,000 after purchasing an additional 17,225 shares during the period.
Norges Bank purchased a new position in Sunstone Hotel Investors in the 4th quarter valued at $8,659,000. LPL Financial LLC increased its stake in Sunstone Hotel Investors by 19.5% in the 4th quarter.
LPL Financial LLC now owns 28,329 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 4,624 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Sunstone Hotel Investors during the 4th quarter worth $475,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Sunstone Hotel Investors by 37.
2% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,666 shares of the real estate investment trust’s stock worth $1,287,000 after acquiring an additional 29,473 shares during the period. 99.
37% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “underweight” rating and set a $10.
00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Truist Financial dropped their target price on 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 reduced their price target on Sunstone Hotel Investors from $12.00 to $8.
00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price objective 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Hold” and a consensus price target of $11.00. Sunstone Hotel Investors Price Performance Shares of NYSE:SHO opened at $8.
30 on Tuesday. Sunstone Hotel Investors, Inc. has a 12 month low of $7.
45 and a 12 month high of $12.41. The firm has a market capitalization of $1.
67 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 4.52 and a beta of 1.
16. The business’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $10.
70. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.
98 and a quick ratio of 2.98. Sunstone Hotel Investors ( NYSE:SHO – Get Free Report ) last posted its earnings results on Friday, February 21st.
The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.
17 million. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 4.34%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 257.
14%. Sunstone Hotel Investors Profile ( 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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