Jacobs Levy Equity Management Inc. Has $14.55 Million Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,229,179 shares of the real estate investment trust's stock after purchasing an additional 240,127 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.61% of Sunstone Hotel Investors worth $14,553,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC increased 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 valued at $3,540,000 after buying an additional 258,302 shares during the period. Principal Financial Group Inc. raised its position in shares of Sunstone Hotel Investors by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock worth $11,566,000 after purchasing an additional 116,058 shares during the last quarter. GAMMA Investing LLC raised its holdings in Sunstone Hotel Investors by 114.1% in 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 last quarter. Heritage Family Offices LLP lifted its position in Sunstone Hotel Investors by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 969 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Sunstone Hotel Investors by 44.7% in the 4th quarter. Blue Trust Inc. now owns 31,571 shares of the real estate investment trust's stock worth $374,000 after buying an additional 9,759 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Evercore ISI upgraded shares of Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price target on the stock in a research report on Friday. Wells Fargo & Company decreased their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Truist Financial cut their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group lowered their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.25.

Sunstone Hotel Investors Trading Up 1.3%

Shares of NYSE:SHO traded up $0.11 during midday trading on Friday, reaching $8.92. The company's stock had a trading volume of 2,612,695 shares, compared to its average volume of 2,380,673. The business has a 50 day moving average price of $8.82 and a 200 day moving average price of $10.40. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 1 year low of $7.45 and a 1 year high of $12.41. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $243.34 million. During the same period in the previous year, the company posted $0.18 EPS. Sunstone Hotel Investors's revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 4.03%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors's dividend 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.