DigitalBridge Group Inc. Reduces Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

DigitalBridge Group Inc. decreased its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 39.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.07% of Sunstone Hotel Investors worth $1,732,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $190,000. Barclays PLC boosted its holdings in Sunstone Hotel Investors by 304.9% in the 3rd quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock valued at $3,540,000 after purchasing an additional 258,302 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Sunstone Hotel Investors by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 38,526 shares of the real estate investment trust's stock valued at $456,000 after purchasing an additional 3,570 shares during the last quarter. Inceptionr LLC boosted its holdings in Sunstone Hotel Investors by 53.1% in the 4th quarter. Inceptionr LLC now owns 16,529 shares of the real estate investment trust's stock valued at $196,000 after purchasing an additional 5,731 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Sunstone Hotel Investors by 10.9% during the fourth quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust's stock worth $174,000 after buying an additional 1,441 shares during the period. Hedge funds and other institutional investors own 99.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SHO shares. 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. Truist Financial reduced their price target 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. Evercore ISI raised shares of Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price target on the stock in a research report on Friday, May 16th. Wells Fargo & Company reduced 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 report on Tuesday, February 18th. Finally, Bank of America raised shares of Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.25.

Sunstone Hotel Investors Stock Up 3.6%

NYSE:SHO traded up $0.32 during mid-day trading on Tuesday, hitting $8.99. The stock had a trading volume of 1,940,030 shares, compared to its average volume of 2,415,140. The stock has a 50-day simple moving average of $8.67 and a two-hundred day simple moving average of $10.32. The company has a market capitalization of $1.79 billion, a PE ratio of 11.82, a PEG ratio of 4.52 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.

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

Sunstone Hotel Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 annualized dividend and a yield of 4.01%. Sunstone Hotel Investors's dividend payout ratio (DPR) is 360.00%.

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.