Xponance Inc. Boosts Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Xponance Inc. increased its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,709 shares of the real estate investment trust’s stock after purchasing an additional 1,441 shares during the quarter. Xponance Inc.’s holdings in Sunstone Hotel Investors were worth $174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. William Blair Investment Management LLC grew its holdings in 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 in the last quarter. Cibc World Markets Corp bought a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $225,000. Natixis Advisors LLC grew its stake in Sunstone Hotel Investors by 19.0% during the fourth quarter. Natixis Advisors LLC now owns 84,116 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 13,446 shares in the last quarter. Swiss National Bank increased its holdings in Sunstone Hotel Investors by 0.6% during the 4th quarter. Swiss National Bank now owns 379,949 shares of the real estate investment trust’s stock worth $4,499,000 after acquiring an additional 2,300 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in Sunstone Hotel Investors during the 4th quarter worth approximately $254,000. 99.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHO has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of 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 reduced their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Jefferies Financial Group lifted their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Two investment analysts have 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.57.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $9.48 on Friday. The firm has a market capitalization of $1.91 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $12.41. The business’s 50-day moving average price is $10.70 and its 200-day moving average price is $10.87.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. Sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.80%. Sunstone Hotel Investors’s payout ratio is 257.14%.

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.