Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,578,248 shares of the real estate investment trust's stock after selling 189,344 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.28% of Sunstone Hotel Investors worth $30,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC boosted its holdings in 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 worth $36,000 after buying an additional 2,448 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 1,743 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Sunstone Hotel Investors by 805.2% during the fourth 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 in the last quarter. KBC Group NV raised its stake in Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 3,249 shares during the last quarter. Finally, FIL Ltd raised its stake in Sunstone Hotel Investors by 140.2% in the 4th 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. Hedge funds and other institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Trading Up 3.0%

SHO traded up $0.25 during trading hours on Friday, reaching $8.62. The company's stock had a trading volume of 5,443,633 shares, compared to its average volume of 2,368,271. The stock has a market cap of $1.71 billion, a PE ratio of 11.34, a P/E/G ratio of 4.52 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week 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 50-day moving average is $8.94 and its 200-day moving average is $10.44.

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

Sunstone Hotel Investors Dividend Announcement

The business also recently declared 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, June 30th. Sunstone Hotel Investors's dividend payout ratio (DPR) is 360.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Bank of America raised shares of Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Wednesday, April 30th. Jefferies Financial Group cut 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 report on Wednesday, April 9th. Evercore ISI lowered their target price on Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company cut their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.25.

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.