Tudor Investment Corp ET AL lessened its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO – Free Report) by 88.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,943 shares of the real estate investment trust’s stock after selling 902,203 shares during the quarter. Tudor Investment Corp ET AL owned 0.06% of Sunstone Hotel Investors worth $1,133,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in Sunstone Hotel Investors in the second quarter valued at about $1,997,000. Tributary Capital Management LLC raised its position in Sunstone Hotel Investors by 92.4% in the third quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock worth $25,221,000 after purchasing an additional 1,292,691 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Sunstone Hotel Investors by 10.7% during the second quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock worth $34,383,000 after purchasing an additional 384,277 shares during the period. Norges Bank bought a new position in Sunstone Hotel Investors during the second quarter worth about $2,143,000. Finally, GSA Capital Partners LLP acquired a new stake in Sunstone Hotel Investors during the third quarter valued at approximately $579,000. Institutional investors and hedge funds own 99.37% of the company’s stock.
Sunstone Hotel Investors Price Performance
Shares of Sunstone Hotel Investors stock opened at $9.01 on Tuesday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 225.18, a P/E/G ratio of 2.46 and a beta of 0.96. Sunstone Hotel Investors, Inc. has a 1-year low of $7.45 and a 1-year high of $10.27. The firm’s 50-day moving average price is $9.17 and its two-hundred day moving average price is $9.22.
Sunstone Hotel Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.0%. Sunstone Hotel Investors’s payout ratio is presently 900.00%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on SHO shares. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research lowered Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Truist Financial upped their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, March 26th. Robert W. Baird reiterated a “neutral” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Finally, Wells Fargo & Company cut their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.44.
Read Our Latest Analysis on Sunstone Hotel Investors
Sunstone Hotel Investors Profile
Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.
As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.
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