UBS Group AG decreased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Free Report) by 60.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 531,457 shares of the real estate investment trust’s stock after selling 796,873 shares during the period. UBS Group AG’s holdings in Sunstone Hotel Investors were worth $4,751,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SHO. Hantz Financial Services Inc. boosted its position in Sunstone Hotel Investors by 62.4% during the third quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,876 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Sunstone Hotel Investors by 27.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,135 shares during the last quarter. Cerity Partners LLC acquired a new stake in Sunstone Hotel Investors during the second quarter valued at $88,000. PNC Financial Services Group Inc. boosted its position in Sunstone Hotel Investors by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,720 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Sunstone Hotel Investors during the first quarter valued at $120,000. Institutional investors and hedge funds own 99.37% of the company’s stock.
Sunstone Hotel Investors Price Performance
NYSE SHO opened at $10.69 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick ratio of 3.42. The stock’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.33. The firm has a market cap of $1.99 billion, a P/E ratio of 97.22, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $10.72.
Sunstone Hotel Investors Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. Sunstone Hotel Investors’s payout ratio is presently 327.27%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday. LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a research report on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective for the company. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Truist Financial raised their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, March 26th. Finally, Citigroup raised their target price on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.00.
Check Out Our Latest Stock Report on Sunstone Hotel Investors
About Sunstone Hotel Investors
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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