Nicola Wealth Management LTD. Has $559,000 Stock Position in Sunstone Hotel Investors, Inc. $SHO

Key Points

• Nicola Wealth Management LTD. reduced its stake in Sunstone Hotel Investors, Inc. by 35.4% in Q1, selling 32,543 shares, leaving it with 59,381 shares valued at approximately $559,000.
• Analysts' ratings for Sunstone Hotel Investors vary, with a consensus rating of "Hold" and a consensus price target of $8.93, as some firms have downgraded their positions.
• The company declared a quarterly dividend of $0.09 per share, with a 3.8% yield, and a payout ratio of 1,800.00%, indicating a significant portion of income is used for dividends.

Nicola Wealth Management LTD. reduced its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 35.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,381 shares of the real estate investment trust's stock after selling 32,543 shares during the period. Nicola Wealth Management LTD.'s holdings in Sunstone Hotel Investors were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at approximately $33,000. GF Fund Management CO. LTD. bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at approximately $42,000. GAMMA Investing LLC grew its stake in shares of Sunstone Hotel Investors by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,560 shares during the period. Smartleaf Asset Management LLC grew its stake 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 valued at $46,000 after purchasing an additional 1,881 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Sunstone Hotel Investors in the 1st quarter valued at approximately $82,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Trading Up 3.7%

NYSE:SHO traded up $0.35 during trading hours on Friday, hitting $9.77. 3,413,987 shares of the stock were exchanged, compared to its average volume of 2,101,351. The company's 50 day moving average is $9.11 and its two-hundred day moving average is $9.00. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.86 billion, a P/E ratio of 488.74, a price-to-earnings-growth ratio of 3.58 and a beta of 1.29.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The firm had revenue of $259.77 million for the quarter, compared to the consensus estimate of $256.68 million. During the same quarter in the prior year, the business earned $0.28 EPS. The business's revenue for the quarter was up 5.0% 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.7%. Sunstone Hotel Investors's dividend payout ratio is currently 1,800.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SHO shares. Wells Fargo & Company lowered 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 note on Tuesday, July 1st. Wall Street Zen downgraded Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Truist Financial reduced their target price on Sunstone Hotel Investors from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Sunstone Hotel Investors in a report on Monday, June 23rd. They issued an "underweight" rating and a $8.00 target price on the stock. Finally, Evercore ISI boosted their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.93.

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.