APG Asset Management US Inc. Makes New $7.84 Million Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

APG Asset Management US Inc. bought a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 662,011 shares of the real estate investment trust's stock, valued at approximately $7,838,000. APG Asset Management US Inc. owned about 0.33% of Sunstone Hotel Investors as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SHO. Jane Street Group LLC boosted its holdings in Sunstone Hotel Investors by 90.4% in the third 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 in the last quarter. Public Employees Retirement System of Ohio lifted its position in Sunstone Hotel Investors by 8.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 610,149 shares of the real estate investment trust's stock valued at $6,297,000 after acquiring an additional 46,402 shares during the period. Barclays PLC grew its stake in shares of Sunstone Hotel Investors by 304.9% in the 3rd quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock worth $3,540,000 after buying an additional 258,302 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Sunstone Hotel Investors by 2.1% during the third quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust's stock valued at $54,169,000 after buying an additional 109,327 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Sunstone Hotel Investors by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock valued at $11,566,000 after acquiring an additional 116,058 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Trading Down 1.2 %

Shares of NYSE SHO traded down $0.10 during midday trading on Monday, reaching $8.24. 665,853 shares of the stock were exchanged, compared to its average volume of 2,284,757. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The stock has a market capitalization of $1.66 billion, a P/E ratio of 10.84, a PEG ratio of 4.52 and a beta of 1.16. The company has a 50 day simple moving average of $9.99 and a 200 day simple moving average of $10.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 4.37%. Sunstone Hotel Investors's dividend payout ratio is currently 257.14%.

Wall Street Analyst Weigh In

A number of analysts have commented on SHO shares. Truist Financial reduced their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Wells Fargo & Company lowered their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group decreased 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 research note on Wednesday, April 9th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sunstone Hotel Investors currently has an average rating of "Hold" and an average target price of $11.00.

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.