Westwood Holdings Group Inc. Sells 521,794 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Westwood Holdings Group Inc. trimmed its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,451,354 shares of the real estate investment trust's stock after selling 521,794 shares during the period. Westwood Holdings Group Inc. owned approximately 1.22% of Sunstone Hotel Investors worth $29,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its holdings 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 worth $36,000 after acquiring an additional 2,448 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of 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 acquiring an additional 5,701 shares in the last quarter. KBC Group NV increased its position in shares of 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 valued at $108,000 after purchasing an additional 3,249 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Sunstone Hotel Investors by 140.2% during the 4th quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust's stock valued at $135,000 after purchasing an additional 6,634 shares during the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Trading Up 0.1%

Sunstone Hotel Investors stock traded up $0.01 during mid-day trading on Friday, hitting $8.66. The company's stock had a trading volume of 3,899,379 shares, compared to its average volume of 2,415,654. The company has a 50 day moving average of $8.70 and a 200-day moving average of $10.33. The stock has a market cap of $1.72 billion, a PE ratio of 11.39, a P/E/G ratio of 4.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. 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 results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) 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 business had revenue of $234.07 million for the quarter, compared to the consensus estimate of $243.34 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business's revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate 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. Stockholders of record on Monday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors's payout ratio is 360.00%.

Analyst Upgrades and Downgrades

SHO has been the topic of several analyst reports. 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 research report on Friday, March 21st. Bank of America raised Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price on the stock in a research report on Wednesday, April 30th. 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 research report on Wednesday, April 9th. 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 research report on Tuesday, February 18th. 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 research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.