Tower Research Capital LLC TRC Sells 29,078 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Tower Research Capital LLC TRC trimmed its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 92.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,426 shares of the real estate investment trust's stock after selling 29,078 shares during the quarter. Tower Research Capital LLC TRC's holdings in Sunstone Hotel Investors were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Sunstone Hotel Investors by 645.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust's stock worth $98,929,000 after acquiring an additional 7,234,862 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in Sunstone Hotel Investors by 22.2% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock valued at $55,488,000 after acquiring an additional 851,104 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sunstone Hotel Investors by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock valued at $49,218,000 after acquiring an additional 74,952 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,387,239 shares of the real estate investment trust's stock valued at $28,265,000 after buying an additional 58,234 shares during the last quarter. Finally, Centersquare Investment Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at about $15,653,000. 99.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SHO shares. Truist Financial reduced their target price 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 upgraded 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. Evercore ISI upgraded Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price objective on the stock in a research report on Friday. Jefferies Financial Group lowered their price target 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. Finally, Morgan Stanley lowered their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.25.

Sunstone Hotel Investors Trading Down 0.4%

SHO traded down $0.04 during midday trading on Monday, reaching $8.88. 1,395,472 shares of the company were exchanged, compared to its average volume of 2,384,653. 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. The stock has a market capitalization of $1.77 billion, a P/E ratio of 11.68, a PEG ratio of 4.52 and a beta of 1.25. The stock's 50-day simple moving average is $8.80 and its 200 day simple moving average is $10.39.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating 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 business had revenue of $234.07 million for the quarter, compared to analysts' expectations of $243.34 million. During the same quarter in the previous year, the business posted $0.18 EPS. Sunstone Hotel Investors's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.05%. 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.