UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,192,725 shares of the real estate investment trust's stock after selling 221,647 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of Sunstone Hotel Investors worth $14,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SHO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $33,000. Smartleaf Asset Management LLC raised its stake in shares of Sunstone Hotel Investors by 442.7% during 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 during the period. Sterling Capital Management LLC lifted its holdings in 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. KBC Group NV lifted its holdings in 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. Finally, FIL Ltd boosted its stake in Sunstone Hotel Investors by 140.2% in the 4th quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 6,634 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Trading Up 0.1%

Shares of SHO traded up $0.01 during trading hours on Tuesday, hitting $8.89. The company had a trading volume of 2,097,701 shares, compared to its average volume of 2,431,020. Sunstone Hotel Investors, Inc. has a 52-week low of $7.45 and a 52-week high of $12.41. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $8.57 and its 200 day moving average price is $10.26. The firm has a market cap of $1.77 billion, a P/E ratio of 11.69, a P/E/G ratio of 4.52 and a beta of 1.25.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 4.05%. Sunstone Hotel Investors's dividend payout ratio is currently 360.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial lowered 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 report on Friday, March 21st. Wells Fargo & Company decreased their price target on shares of 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. Jefferies Financial Group dropped their price objective on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Evercore ISI raised Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 target price on the stock in a research note on Friday, May 16th. Finally, Morgan Stanley lowered their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.00.

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.