Diversified Trust Co Acquires 4,897 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Diversified Trust Co grew its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,697 shares of the real estate investment trust’s stock after purchasing an additional 4,897 shares during the period. Diversified Trust Co’s holdings in Sunstone Hotel Investors were worth $482,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of SHO. Federated Hermes Inc. purchased a new position in shares of Sunstone Hotel Investors during the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its stake in Sunstone Hotel Investors by 114.1% during 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. Quarry LP boosted its holdings in Sunstone Hotel Investors by 584.1% during the 2nd quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 3,680 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter worth $59,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sunstone Hotel Investors by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 1,937 shares during the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average target price of $12.17.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $11.76 on Friday. 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 stock has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $10.63. Sunstone Hotel Investors, Inc. has a 1-year low of $9.39 and a 1-year high of $12.41. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 6.45 and a beta of 1.21.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.06%. Sunstone Hotel Investors’s payout ratio is 44.74%.

About Sunstone Hotel Investors

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.