Vident Advisory LLC Sells 33,572 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Vident Advisory LLC decreased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 361,104 shares of the real estate investment trust's stock after selling 33,572 shares during the period. Vident Advisory LLC owned approximately 0.18% of Sunstone Hotel Investors worth $4,275,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its stake in shares of Sunstone Hotel Investors by 200.2% in the fourth quarter. Squarepoint Ops LLC now owns 127,195 shares of the real estate investment trust's stock valued at $1,506,000 after acquiring an additional 84,824 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sunstone Hotel Investors during the fourth quarter worth approximately $33,000. Point72 Asset Management L.P. bought a new stake in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $593,000. ProShare Advisors LLC grew its position in Sunstone Hotel Investors by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 61,250 shares of the real estate investment trust's stock worth $725,000 after buying an additional 18,815 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Sunstone Hotel Investors by 3.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust's stock worth $406,000 after acquiring an additional 1,258 shares during the period. Institutional investors own 99.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SHO. Morgan Stanley lowered their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. 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 shares of Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price target for the company in a report on Friday, May 16th. Bank of America raised shares of Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group dropped their target price on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.25.

Sunstone Hotel Investors Stock Up 0.1%

Shares of SHO stock traded up $0.01 during trading hours on Monday, reaching $8.66. The company had a trading volume of 3,899,379 shares, compared to its average volume of 2,415,654. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The business has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $10.33. Sunstone Hotel Investors, Inc. has a 12 month low of $7.45 and a 12 month high of $12.41. The company 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 (NYSE:SHO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $234.07 million for the quarter, compared to the consensus estimate of $243.34 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company's revenue was up 7.8% compared to the same quarter last year. On average, research 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 Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 4.16%. Sunstone Hotel Investors's payout ratio is currently 360.00%.

About Sunstone Hotel Investors

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.