Guggenheim Capital LLC Has $156,000 Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Guggenheim Capital LLC reduced its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 74.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,185 shares of the real estate investment trust's stock after selling 38,432 shares during the quarter. Guggenheim Capital LLC's holdings in Sunstone Hotel Investors were worth $156,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 2,448 shares in the last quarter. GAMMA Investing LLC lifted its stake in Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 1,743 shares in the last quarter. Sterling Capital Management LLC boosted its position 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 acquiring an additional 5,701 shares during the last quarter. KBC Group NV grew its stake 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 worth $108,000 after acquiring an additional 3,249 shares in the last quarter. Finally, FIL Ltd grew its stake 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 worth $135,000 after acquiring an additional 6,634 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

Wall Street Analyst Weigh In

SHO has been the subject of several recent research reports. 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. Evercore ISI decreased their price objective on Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Truist Financial dropped their target price on 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 Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group dropped their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sunstone Hotel Investors has an average rating of "Hold" and a consensus price target of $10.44.

Sunstone Hotel Investors Stock Performance

SHO traded up $0.01 during trading hours on Monday, reaching $8.74. The company's stock had a trading volume of 171,505 shares, compared to its average volume of 2,382,974. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The company's 50-day moving average is $9.14 and its 200-day moving average is $10.50. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41. The firm has a market cap of $1.76 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $214.77 million during the quarter, compared to analysts' expectations of $211.17 million. On average, equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.12%. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 257.14%.

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.