GRS Advisors LLC Acquires Shares of 1,940,880 Sunstone Hotel Investors, Inc. (NYSE:SHO)

GRS Advisors LLC acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,940,880 shares of the real estate investment trust's stock, valued at approximately $22,980,000. Sunstone Hotel Investors accounts for about 2.3% of GRS Advisors LLC's holdings, making the stock its 22nd largest holding. GRS Advisors LLC owned approximately 0.97% of Sunstone Hotel Investors at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SHO. Barclays PLC lifted its stake in shares of Sunstone Hotel Investors by 304.9% during the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock worth $3,540,000 after buying an additional 258,302 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Sunstone Hotel Investors by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock worth $11,566,000 after buying an additional 116,058 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after buying an additional 1,743 shares during the period. Diversified Trust Co lifted its stake in shares of Sunstone Hotel Investors by 13.7% during the fourth quarter. Diversified Trust Co now owns 40,697 shares of the real estate investment trust's stock worth $482,000 after buying an additional 4,897 shares during the period. Finally, Heritage Family Offices LLP lifted its stake in shares of Sunstone Hotel Investors by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock worth $171,000 after buying an additional 969 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHO has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Wells Fargo & Company reduced their target price on shares of 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. Jefferies Financial Group reduced their target price 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. Morgan Stanley reduced their target price on shares of 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, Bank of America raised shares of Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.25.

Sunstone Hotel Investors Stock Performance

SHO traded down $0.12 on Wednesday, reaching $8.94. The stock had a trading volume of 279,091 shares, compared to its average volume of 2,369,488. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month high of $12.41. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The business's 50-day moving average price is $8.88 and its two-hundred day moving average price is $10.42. The company has a market cap of $1.78 billion, a P/E ratio of 11.73, 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 (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. During the same quarter last year, the business earned $0.18 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 4.03%. Sunstone Hotel Investors's payout ratio is presently 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.