Vert Asset Management LLC Has $890,000 Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Vert Asset Management LLC grew its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 79,899 shares of the real estate investment trust’s stock after acquiring an additional 6,524 shares during the quarter. Vert Asset Management LLC’s holdings in Sunstone Hotel Investors were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. bought a new position in Sunstone Hotel Investors in the third quarter valued at about $152,000. Invesco Ltd. lifted its holdings in Sunstone Hotel Investors by 2.4% during the third quarter. Invesco Ltd. now owns 671,188 shares of the real estate investment trust’s stock worth $6,276,000 after acquiring an additional 15,991 shares during the period. Schonfeld Strategic Advisors LLC increased its position in Sunstone Hotel Investors by 147.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 85,838 shares of the real estate investment trust’s stock worth $803,000 after buying an additional 51,204 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in Sunstone Hotel Investors in the third quarter worth $127,000. Finally, Rush Island Management LP increased its position in Sunstone Hotel Investors by 30.3% in the third quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after buying an additional 2,225,579 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock traded up $0.10 during midday trading on Thursday, hitting $10.21. 354,955 shares of the company’s stock were exchanged, compared to its average volume of 1,714,339. Sunstone Hotel Investors, Inc. has a 52-week low of $8.61 and a 52-week high of $11.59. The stock has a 50-day moving average price of $10.24 and a two-hundred day moving average price of $10.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.17 and a current ratio of 8.17. The company has a market cap of $2.08 billion, a P/E ratio of 11.23, a PEG ratio of 4.83 and a beta of 1.23.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The firm had revenue of $217.17 million for the quarter, compared to the consensus estimate of $212.00 million. On average, equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. Sunstone Hotel Investors’s payout ratio is 28.89%.

Analysts Set New Price Targets

A number of analysts have issued reports on SHO shares. Baird R W raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th. Robert W. Baird upgraded Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $11.00 to $12.00 in a research report on Tuesday, May 28th. Compass Point upgraded Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $12.00 in a research report on Tuesday, May 7th. Truist Financial reduced their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.57.

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.