14,158 Shares in Sunstone Hotel Investors, Inc. (NYSE:SHO) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,158 shares of the real estate investment trust’s stock, valued at approximately $167,000.

A number of other large investors also recently bought and sold shares of SHO. Principal Financial Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 645.6% during the 4th quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock valued at $98,929,000 after purchasing an additional 7,234,862 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sunstone Hotel Investors by 2.1% in the third quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock valued at $54,169,000 after buying an additional 109,327 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sunstone Hotel Investors by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock worth $49,284,000 after acquiring an additional 1,130,558 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Sunstone Hotel Investors by 22.2% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust’s stock worth $55,488,000 after acquiring an additional 851,104 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sunstone Hotel Investors by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust’s stock valued at $49,218,000 after acquiring an additional 74,952 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Up 2.1 %

NYSE SHO opened at $8.33 on Friday. The business has a fifty day moving average price of $9.99 and a 200 day moving average price of $10.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market cap of $1.67 billion, a P/E ratio of 10.95, a P/E/G ratio of 4.52 and a beta of 1.16. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to analysts’ expectations of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SHO shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Truist Financial reduced their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company dropped their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price objective on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

About Sunstone Hotel Investors

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.