Sunstone Hotel Investors, Inc. (NYSE:SHO) Position Boosted by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 44.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,571 shares of the real estate investment trust’s stock after purchasing an additional 9,759 shares during the period. Blue Trust Inc.’s holdings in Sunstone Hotel Investors were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SHO. Sei Investments Co. boosted its position in shares of Sunstone Hotel Investors by 10.8% during the 2nd quarter. Sei Investments Co. now owns 173,058 shares of the real estate investment trust’s stock valued at $1,810,000 after purchasing an additional 16,829 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sunstone Hotel Investors by 368.0% in the second quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust’s stock worth $18,489,000 after buying an additional 1,389,917 shares during the period. Algert Global LLC acquired a new position in shares of Sunstone Hotel Investors in the second quarter worth about $1,187,000. Quarry LP boosted its holdings in shares of Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,680 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Sunstone Hotel Investors by 7.0% in the second quarter. Truist Financial Corp now owns 47,223 shares of the real estate investment trust’s stock worth $494,000 after buying an additional 3,098 shares during the period. Institutional investors own 99.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SHO. Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. Jefferies Financial Group raised their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.86.

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $11.32 on Friday. The firm has a market cap of $2.27 billion, a PE ratio of 14.89, a PEG ratio of 3.84 and a beta of 1.21. The firm’s 50 day moving average price is $11.75 and its 200 day moving average price is $10.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Sunstone Hotel Investors’s revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.18%. The ex-dividend date was Tuesday, December 31st. Sunstone Hotel Investors’s payout ratio is presently 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.