111 Capital Purchases New Position in Sunstone Hotel Investors, Inc. $SHO

111 Capital purchased a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,073 shares of the real estate investment trust’s stock, valued at approximately $87,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,307 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Sunstone Hotel Investors by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,560 shares during the last quarter. Aberdeen Group plc increased its position in Sunstone Hotel Investors by 2.3% in the 1st quarter. Aberdeen Group plc now owns 73,502 shares of the real estate investment trust’s stock valued at $692,000 after acquiring an additional 1,669 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Sunstone Hotel Investors by 8.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,912 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Sunstone Hotel Investors by 62.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,881 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on SHO shares. Evercore ISI raised their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Truist Financial lowered their price objective on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average target price of $8.93.

Sunstone Hotel Investors Trading Down 0.9%

SHO opened at $9.14 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 456.98, a price-to-earnings-growth ratio of 3.38 and a beta of 1.29. The firm has a 50 day simple moving average of $9.30 and a 200 day simple moving average of $8.94. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $259.77 million during the quarter, compared to the consensus estimate of $256.68 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. Sunstone Hotel Investors’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.9%. Sunstone Hotel Investors’s payout ratio is currently 1,800.00%.

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.