Invesco Ltd. Has $20.87 Million Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Invesco Ltd. trimmed its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,762,872 shares of the real estate investment trust's stock after selling 100,950 shares during the period. Invesco Ltd. owned 0.88% of Sunstone Hotel Investors worth $20,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SHO. JPMorgan Chase & Co. raised its holdings in Sunstone Hotel Investors by 31.0% in 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 acquiring an additional 1,130,558 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Sunstone Hotel Investors by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock worth $11,566,000 after purchasing an additional 116,058 shares during the period. Geode Capital Management LLC raised its stake in Sunstone Hotel Investors by 2.1% in 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 purchasing an additional 109,327 shares in the last quarter. GAMMA Investing LLC lifted its position in Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 1,743 shares during the period. Finally, Barclays PLC lifted its position in Sunstone Hotel Investors by 304.9% during the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock worth $3,540,000 after purchasing an additional 258,302 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SHO. Wells Fargo & Company dropped their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Truist Financial cut their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group decreased their price target on 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 dropped their price objective on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.57.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO traded up $0.04 during mid-day trading on Thursday, hitting $8.07. 433,176 shares of the stock traded hands, compared to its average volume of 2,322,224. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The firm has a 50 day simple moving average of $9.51 and a two-hundred day simple moving average of $10.59. 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 $1.62 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 4.52 and a beta of 1.16.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released 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 company had revenue of $214.77 million for 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%. As a group, equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.09 per share. The ex-dividend date was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.46%. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 257.14%.

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.