Tributary Capital Management LLC Has $14.81 Million Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Tributary Capital Management LLC decreased its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,329,627 shares of the real estate investment trust’s stock after selling 8,540 shares during the period. Tributary Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $14,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Sunstone Hotel Investors by 35.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,387 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Sunstone Hotel Investors during the 4th quarter worth about $125,000. Evergreen Capital Management LLC bought a new stake in Sunstone Hotel Investors during the 3rd quarter worth about $127,000. Metis Global Partners LLC lifted its position in Sunstone Hotel Investors by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 14,062 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,909 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at about $152,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of NYSE:SHO opened at $10.18 on Tuesday. The company’s 50 day moving average price is $10.24 and its two-hundred day moving average price is $10.65. Sunstone Hotel Investors, Inc. has a 12-month low of $8.61 and a 12-month high of $11.59. The firm has a market cap of $2.07 billion, a PE ratio of 11.27, a PEG ratio of 4.97 and a beta of 1.24. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.43.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The business had revenue of $217.17 million for the quarter, compared to analyst estimates of $212.00 million. Equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.09 per share. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 3.54%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

SHO has been the topic of a number of research analyst reports. Compass Point raised shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and upped their target price for the company from $10.00 to $12.00 in a report on Tuesday, May 7th. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday. Robert W. Baird raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their target price for the company from $11.00 to $12.00 in a report on Tuesday, May 28th. Truist Financial dropped their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, Baird R W raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.57.

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.