Westwood Holdings Group Inc. Has $29.02 Million Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Westwood Holdings Group Inc. cut its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,451,354 shares of the real estate investment trust's stock after selling 521,794 shares during the quarter. Westwood Holdings Group Inc. owned approximately 1.22% of Sunstone Hotel Investors worth $29,024,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its holdings in shares of Sunstone Hotel Investors by 200.2% during 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $33,000. Point72 Asset Management L.P. bought a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $593,000. ProShare Advisors LLC lifted its holdings in shares of 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 valued at $725,000 after acquiring an additional 18,815 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Sunstone Hotel Investors by 3.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust's stock valued at $406,000 after acquiring an additional 1,258 shares during the period. 99.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SHO shares. Wells Fargo & Company cut their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a 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 price target for the company in a report on Wednesday, April 30th. Morgan Stanley cut 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. Finally, Evercore ISI raised 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sunstone Hotel Investors currently has a consensus rating of "Hold" and a consensus price target of $10.25.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $8.88 on Tuesday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 4.52 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month 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 has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $10.38.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $234.07 million during the quarter, compared to analysts' expectations of $243.34 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. On average, research 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 Tuesday, July 15th. Shareholders 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 annualized dividend and a yield of 4.05%. Sunstone Hotel Investors's dividend payout ratio is currently 360.00%.

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.

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