16,689 Shares in Sunstone Hotel Investors, Inc. $SHO Bought by MQS Management LLC

MQS Management LLC acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,689 shares of the real estate investment trust’s stock, valued at approximately $145,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,560 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Sunstone Hotel Investors by 62.7% in the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,881 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Sunstone Hotel Investors by 46.8% in the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,087 shares during the last quarter. CWM LLC raised its holdings in shares of Sunstone Hotel Investors by 579.8% in the second quarter. CWM LLC now owns 8,029 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 6,848 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Sunstone Hotel Investors in the first quarter worth $82,000. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $9.04 on Wednesday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 451.98, a PEG ratio of 5.40 and a beta of 1.29. The stock has a fifty day moving average price of $9.38 and a 200 day moving average price of $8.96. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Sunstone Hotel Investors’s payout ratio is 1,800.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company raised Sunstone Hotel Investors to a “hold” rating in a report on Friday, October 3rd. Truist Financial cut their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Evercore ISI boosted their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.93.

Sunstone Hotel Investors 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.