ExodusPoint Capital Management LP Has $14.71 Million Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

ExodusPoint Capital Management LP grew its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,242,045 shares of the real estate investment trust's stock after purchasing an additional 106,756 shares during the quarter. ExodusPoint Capital Management LP owned about 0.62% of Sunstone Hotel Investors worth $14,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Sunstone Hotel Investors by 645.6% during the 4th quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust's stock worth $98,929,000 after acquiring an additional 7,234,862 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Sunstone Hotel Investors by 460.0% during the 3rd 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 worth $14,596,000 after purchasing an additional 1,161,792 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Sunstone Hotel Investors by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust's stock valued at $49,284,000 after purchasing an additional 1,130,558 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in Sunstone Hotel Investors by 22.2% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock valued at $55,488,000 after buying an additional 851,104 shares during the last quarter. Finally, Norges Bank bought a new position in Sunstone Hotel Investors in the 4th quarter worth approximately $8,659,000. Institutional investors and hedge funds own 99.37% of the company's stock.

Sunstone Hotel Investors Stock Up 11.9 %

Shares of SHO traded up $0.92 during mid-day trading on Wednesday, hitting $8.64. 5,426,637 shares of the company's stock were exchanged, compared to its average volume of 2,287,403. The company has a 50-day simple moving average of $10.10 and a 200 day simple moving average of $10.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market cap of $1.74 billion, a PE ratio of 11.37, a P/E/G ratio of 4.52 and a beta of 1.16. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly 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. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. On average, research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.17%. Sunstone Hotel Investors's payout ratio is presently 257.14%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHO. Morgan Stanley reissued an "underweight" rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Wells Fargo & Company decreased their target price 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. Truist Financial reduced their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group reduced their target price on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sunstone Hotel Investors presently has an average rating of "Hold" and an average target price 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.