Jane Street Group LLC Has $1.84 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Jane Street Group LLC lessened its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,966 shares of the real estate investment trust's stock after selling 204,801 shares during the period. Jane Street Group LLC owned about 0.08% of Sunstone Hotel Investors worth $1,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. boosted its position in shares of Sunstone Hotel Investors by 645.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust's stock worth $98,929,000 after buying an additional 7,234,862 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Sunstone Hotel Investors by 22.2% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock worth $55,488,000 after acquiring an additional 851,104 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock worth $49,218,000 after acquiring an additional 74,952 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Sunstone Hotel Investors by 20.5% during the fourth quarter. Northern Trust Corp now owns 3,159,408 shares of the real estate investment trust's stock worth $37,407,000 after acquiring an additional 538,089 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Sunstone Hotel Investors by 8.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,853,280 shares of the real estate investment trust's stock worth $33,783,000 after acquiring an additional 228,812 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

Sunstone Hotel Investors Stock Performance

Shares of Sunstone Hotel Investors stock traded up $0.01 during trading on Friday, reaching $8.66. The company's stock had a trading volume of 3,899,379 shares, compared to its average volume of 2,409,730. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The business's fifty day moving average price is $8.70 and its 200-day moving average price is $10.34. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.09 dividend. The ex-dividend date 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 presently 360.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial cut their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company cut 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. Evercore ISI upgraded Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 target price on the stock in a report on Friday, May 16th. Jefferies Financial Group cut their target price 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. Finally, Morgan Stanley cut their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Sunstone Hotel Investors has a consensus rating of "Hold" and a consensus price target of $10.25.

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.