Nuveen LLC Takes $10.86 Million Position in Sunstone Hotel Investors, Inc. $SHO

Key Points

• Nuveen LLC has invested approximately $10.86 million in Sunstone Hotel Investors, acquiring 1,153,911 shares, which represents about 0.58% ownership of the company.
• Sunstone recently announced a quarterly dividend of $0.09 per share, yielding 3.8%, set to be paid on October 15, with a significant dividend payout ratio of 1,800%.
• Wall Street analysts have mixed opinions on Sunstone, with two rating it as a Buy, three as Hold, and two as Sell, giving it an average rating of "Hold" and a consensus target price of $9.07.

Nuveen LLC bought a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,153,911 shares of the real estate investment trust's stock, valued at approximately $10,858,000. Nuveen LLC owned about 0.58% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in Sunstone Hotel Investors by 19.5% in the 4th quarter. LPL Financial LLC now owns 28,329 shares of the real estate investment trust's stock worth $335,000 after purchasing an additional 4,624 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Sunstone Hotel Investors during the fourth quarter worth about $1,239,000. Barclays PLC increased its stake in Sunstone Hotel Investors by 36.6% during the fourth quarter. Barclays PLC now owns 468,420 shares of the real estate investment trust's stock valued at $5,546,000 after acquiring an additional 125,402 shares during the period. Marshall Wace LLP bought a new position in Sunstone Hotel Investors during the fourth quarter valued at about $4,020,000. Finally, First Trust Advisors LP increased its stake in Sunstone Hotel Investors by 167.4% during the fourth quarter. First Trust Advisors LP now owns 449,678 shares of the real estate investment trust's stock valued at $5,324,000 after acquiring an additional 281,522 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock traded down $0.1450 on Monday, reaching $9.4250. The company's stock had a trading volume of 1,687,969 shares, compared to its average volume of 2,319,240. 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 market cap of $1.79 billion, a price-to-earnings ratio of 471.49, a PEG ratio of 3.56 and a beta of 1.30. The business's fifty day moving average price is $8.91 and its 200 day moving average price is $9.14. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The company had revenue of $259.77 million during the quarter, compared to analysts' expectations of $256.68 million. During the same quarter in the previous year, the company posted $0.28 EPS. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 30th. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 1,800.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. 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 report on Tuesday, July 1st. JPMorgan Chase & Co. assumed coverage on Sunstone Hotel Investors in a research report on Monday, June 23rd. They set an "underweight" rating and a $8.00 price objective on the stock. Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price objective on the stock in a research report on Wednesday, April 30th. Finally, Evercore ISI upped their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.07.

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.