DigitalBridge Group Inc. Has $1.73 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

DigitalBridge Group Inc. lessened its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,300 shares of the real estate investment trust's stock after selling 96,100 shares during the quarter. DigitalBridge Group Inc. owned approximately 0.07% of Sunstone Hotel Investors worth $1,732,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 2,448 shares during the last quarter. GAMMA Investing LLC raised its stake 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in Sunstone Hotel Investors by 805.2% in the 4th quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 5,701 shares during the last quarter. KBC Group NV boosted its position in Sunstone Hotel Investors by 55.4% during the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 3,249 shares during the period. Finally, FIL Ltd grew its holdings in Sunstone Hotel Investors by 140.2% during the fourth quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust's stock valued at $135,000 after purchasing an additional 6,634 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO traded up $0.25 during trading hours on Friday, reaching $8.62. The stock had a trading volume of 5,443,633 shares, compared to its average volume of 2,363,893. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The business's fifty day moving average is $8.94 and its two-hundred day moving average is $10.43. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 4.52 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $234.07 million during the quarter, compared to analysts' expectations of $243.34 million. During the same quarter in the prior year, the company posted $0.18 EPS. The business's revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 4.18%. Sunstone Hotel Investors's dividend payout ratio is currently 360.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SHO. Evercore ISI reduced their price objective on shares of Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Bank of America upgraded shares of Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price target for the company in a report on Wednesday, April 30th. Truist Financial dropped their price objective 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. Jefferies Financial Group decreased their target price on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $10.25.

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.