Dimensional Fund Advisors LP Reduces Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Dimensional Fund Advisors LP lowered its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing 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 about 1.28% of Sunstone Hotel Investors worth $30,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 2,448 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 raised its stake in shares of 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 valued at $76,000 after buying an additional 5,701 shares in the last quarter. KBC Group NV raised its position in Sunstone Hotel Investors by 55.4% in 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 in the last quarter. Finally, FIL Ltd raised its holdings in shares of 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 worth $135,000 after buying an additional 6,634 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded up $0.25 during trading hours on Friday, reaching $8.62. The company had a trading volume of 5,443,633 shares, compared to its average volume of 2,363,893. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41. The firm 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. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The firm's 50 day moving average price is $8.94 and its 200-day moving average price is $10.43.

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 earnings per share for the quarter, topping 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 firm had revenue of $234.07 million for the quarter, compared to the consensus estimate of $243.34 million. During the same period in the previous year, the firm posted $0.18 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

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 issued a dividend of $0.09 per share. 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 (DPR) is currently 360.00%.

Wall Street Analyst Weigh In

SHO has been the subject of several research analyst reports. Evercore ISI dropped 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 report on Monday, April 28th. Morgan Stanley dropped their target price 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. Wells Fargo & Company decreased their price objective 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. Bank of America upgraded 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. Finally, Jefferies Financial Group decreased their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sunstone Hotel Investors currently has a consensus rating of "Hold" and a consensus price target of $10.25.

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.