Centersquare Investment Management LLC Makes New Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Centersquare Investment Management LLC acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,322,042 shares of the real estate investment trust's stock, valued at approximately $15,653,000. Centersquare Investment Management LLC owned approximately 0.66% of Sunstone Hotel Investors as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sunstone Hotel Investors by 460.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust's stock valued at $14,596,000 after acquiring an additional 1,161,792 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Sunstone Hotel Investors in the third quarter valued at about $1,459,000. Holocene Advisors LP bought a new stake in shares of Sunstone Hotel Investors during the 3rd quarter valued at approximately $519,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Sunstone Hotel Investors by 4.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 989,052 shares of the real estate investment trust's stock worth $10,207,000 after buying an additional 44,242 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Sunstone Hotel Investors by 90.4% in the 3rd quarter. Jane Street Group LLC now owns 359,767 shares of the real estate investment trust's stock valued at $3,713,000 after acquiring an additional 170,821 shares during the last quarter. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Trading Down 0.2 %

NYSE SHO traded down $0.02 during mid-day trading on Wednesday, reaching $7.70. 1,078,539 shares of the stock were exchanged, compared to its average volume of 2,265,517. The stock has a market cap of $1.55 billion, a P/E ratio of 10.14, a P/E/G ratio of 4.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. Sunstone Hotel Investors, Inc. has a one year low of $7.47 and a one year high of $12.41. The stock has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $10.78.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to analysts' expectations of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. On average, analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 4.67%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors's dividend payout ratio is presently 257.14%.

Analyst Ratings Changes

SHO has been the subject of a number of recent research reports. Truist Financial lowered their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Jefferies Financial Group reduced their target price on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.00.

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.