Sunstone Hotel Investors, Inc. $SHO is H 2 Credit Manager LP's 7th Largest Position

Key Points

• H 2 Credit Manager LP increased its holdings in Sunstone Hotel Investors by 7.2%, owning approximately $28.12 million worth of stock, which makes up about 7.5% of its portfolio.
• Sunstone Hotel Investors recently reported quarterly earnings of $0.28 per share, surpassing analysts' expectations, and announced a quarterly dividend of $0.09 per share.
• Wall Street analysts have mixed ratings on Sunstone, with an average target price of $9.07, reflecting expectations for both growth and caution in investment.

H 2 Credit Manager LP increased its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,988,210 shares of the real estate investment trust's stock after acquiring an additional 200,000 shares during the quarter. Sunstone Hotel Investors makes up 7.5% of H 2 Credit Manager LP's investment portfolio, making the stock its 7th largest position. H 2 Credit Manager LP owned approximately 1.50% of Sunstone Hotel Investors worth $28,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DRW Securities LLC bought a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $121,000. Jump Financial LLC bought a new stake in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $240,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Sunstone Hotel Investors by 16.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,474,886 shares of the real estate investment trust's stock worth $51,519,000 after buying an additional 788,397 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Sunstone Hotel Investors by 62.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,881 shares during the last quarter. Finally, APG Asset Management US Inc. grew its position in shares of Sunstone Hotel Investors by 31.0% in the 1st quarter. APG Asset Management US Inc. now owns 867,197 shares of the real estate investment trust's stock worth $8,230,000 after buying an additional 205,186 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHO shares. Evercore ISI lifted their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Truist Financial cut their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their price objective on Sunstone Hotel Investors from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. started coverage on Sunstone Hotel Investors in a research report on Monday, June 23rd. They issued an "underweight" rating and a $8.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $8.93.

Sunstone Hotel Investors Stock Up 1.0%

Shares of SHO traded up $0.10 on Thursday, reaching $9.59. The stock had a trading volume of 1,062,042 shares, compared to its average volume of 2,375,570. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 479.49, a price-to-earnings-growth ratio of 3.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.73 and a current ratio of 2.73. The company has a 50-day simple moving average of $9.02 and a 200-day simple moving average of $9.09. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $259.77 million during the quarter, compared to analysts' expectations of $256.68 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Sell-side analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.8%. Sunstone Hotel Investors's payout ratio is presently 1,800.00%.

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.