William Blair Investment Management LLC Reduces Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

William Blair Investment Management LLC trimmed its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,405,087 shares of the real estate investment trust’s stock after selling 2,812 shares during the quarter. William Blair Investment Management LLC owned approximately 1.18% of Sunstone Hotel Investors worth $26,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHO. Public Employees Retirement System of Ohio boosted its stake in Sunstone Hotel Investors by 8.8% in the third quarter. Public Employees Retirement System of Ohio now owns 651,736 shares of the real estate investment trust’s stock valued at $6,094,000 after acquiring an additional 52,835 shares during the last quarter. Diversified Trust Co boosted its stake in Sunstone Hotel Investors by 7.1% in the fourth quarter. Diversified Trust Co now owns 33,250 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 2,209 shares during the last quarter. Raymond James & Associates boosted its stake in Sunstone Hotel Investors by 31.0% in the fourth quarter. Raymond James & Associates now owns 77,920 shares of the real estate investment trust’s stock valued at $836,000 after acquiring an additional 18,443 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Sunstone Hotel Investors by 11.9% during the 4th quarter. Tributary Capital Management LLC now owns 1,338,167 shares of the real estate investment trust’s stock valued at $14,359,000 after buying an additional 142,105 shares in the last quarter. Finally, Trust Point Inc. purchased a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at approximately $370,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SHO. Truist Financial dropped their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Baird R W upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Tuesday, May 28th. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Tuesday. Compass Point upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Tuesday, May 7th. Finally, Robert W. Baird upgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $11.00 to $12.00 in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sunstone Hotel Investors has an average rating of “Hold” and an average target price of $10.75.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $10.79 on Thursday. The company’s fifty day moving average price is $10.26 and its 200-day moving average price is $10.61. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 5.07 and a beta of 1.24. Sunstone Hotel Investors, Inc. has a one year low of $8.61 and a one year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17.

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

Sunstone Hotel Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.09 dividend. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.34%. Sunstone Hotel Investors’s dividend payout ratio is presently 33.33%.

About Sunstone Hotel Investors

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.