Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,224 shares of the real estate investment trust's stock after buying an additional 53,740 shares during the period. Deutsche Bank AG owned 0.13% of Sunstone Hotel Investors worth $3,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake 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 worth $98,929,000 after acquiring an additional 7,234,862 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in shares of Sunstone Hotel Investors during the fourth quarter worth $15,653,000. Bank of America Corp DE increased its position in shares of Sunstone Hotel Investors by 23.0% during the fourth quarter. Bank of America Corp DE now owns 6,567,535 shares of the real estate investment trust's stock worth $77,760,000 after purchasing an additional 1,229,769 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings 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 valued at $55,488,000 after purchasing an additional 851,104 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth $8,659,000. Hedge funds and other institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded up $0.01 during midday trading on Monday, hitting $8.66. The company's stock had a trading volume of 3,899,379 shares, compared to its average volume of 2,415,654. 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 firm has a market cap of $1.72 billion, a P/E ratio of 11.39, a P/E/G ratio of 4.52 and a beta of 1.25. The firm's 50 day moving average is $8.67 and its 200-day moving average is $10.32.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.16%. Sunstone Hotel Investors's payout ratio is currently 360.00%.

Analysts Set New Price Targets

Several research analysts recently issued reports on SHO shares. Wells Fargo & Company reduced their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley cut their price objective on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. 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 report on Wednesday, April 30th. Jefferies Financial Group lowered their target price on shares of 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, Truist Financial dropped their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, 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.