Louisiana State Employees Retirement System Makes New $1.10 Million Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Louisiana State Employees Retirement System acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 102,800 shares of the real estate investment trust’s stock, valued at approximately $1,103,000. Louisiana State Employees Retirement System owned 0.05% of Sunstone Hotel Investors as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Sunstone Hotel Investors during the 3rd quarter valued at $101,000. Versor Investments LP bought a new stake in Sunstone Hotel Investors during the 3rd quarter valued at $112,000. Evergreen Capital Management LLC bought a new stake in Sunstone Hotel Investors during the 3rd quarter valued at $127,000. Envestnet Portfolio Solutions Inc. bought a new stake in Sunstone Hotel Investors during the 3rd quarter valued at $152,000. Finally, ProVise Management Group LLC bought a new stake in Sunstone Hotel Investors during the 3rd quarter valued at $162,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SHO. Truist Financial increased their target price on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. StockNews.com raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $10.52 on Wednesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 3.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.03 and a quick ratio of 7.03. The business has a fifty day moving average of $10.96 and a 200 day moving average of $10.47. Sunstone Hotel Investors, Inc. has a 1 year low of $8.61 and a 1 year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.44. The company had revenue of $219.20 million during the quarter, compared to analyst estimates of $192.56 million. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.85 earnings per share for the current year.

Sunstone Hotel Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.66%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 27.96%.

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.