GSA Capital Partners LLP Raises Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

GSA Capital Partners LLP lifted its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 465.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,852 shares of the real estate investment trust’s stock after acquiring an additional 59,972 shares during the period. GSA Capital Partners LLP’s holdings in Sunstone Hotel Investors were worth $752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EntryPoint Capital LLC bought a new stake in Sunstone Hotel Investors during the first quarter worth approximately $30,000. Federated Hermes Inc. bought a new position in Sunstone Hotel Investors in the 2nd quarter worth about $34,000. Quarry LP grew its stake in Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 3,680 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Sunstone Hotel Investors during the first quarter valued at $49,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Sunstone Hotel Investors during the 2nd quarter valued at about $52,000. Institutional investors own 99.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SHO shares. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price for the company in a report on Friday, September 13th. StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus target price of $11.42.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $10.10 on Monday. The business has a fifty day moving average of $10.34 and a 200 day moving average of $10.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 3.75. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 5.52 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 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 $226.40 million during the quarter, compared to analysts’ expectations of $224.61 million. During the same quarter in the prior year, the company earned $0.23 EPS. Sunstone Hotel Investors’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.78 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued 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 3.56%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 42.11%.

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.