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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sunstone Hotel Investors in the fourth quarter valued at $33,000. Smartleaf Asset Management LLC boosted 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 in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth about $42,000. Sterling Capital Management LLC increased its position in shares of Sunstone Hotel Investors by 805.2% during 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 in the last quarter. Finally, KBC Group NV increased its position in shares of Sunstone Hotel Investors by 55.4% during the 4th 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. 99.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SHO shares. 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 Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price target for the company in a report on Friday, May 16th. Jefferies Financial Group cut their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Finally, Bank of America raised 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Sunstone Hotel Investors has an average rating of "Hold" and a consensus price target of $10.00.

Sunstone Hotel Investors Trading Down 0.3%

Shares of NYSE SHO traded down $0.03 during mid-day trading on Thursday, hitting $8.98. The company's stock had a trading volume of 511,994 shares, compared to its average volume of 2,413,195. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $12.41. The company's fifty day simple moving average is $8.64 and its 200-day simple moving average is $10.30. 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 stock has a market cap of $1.78 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25.

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 EPS for the quarter, beating the consensus estimate 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 previous year, the company posted $0.18 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given 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 4.01%. Sunstone Hotel Investors's payout ratio is currently 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.