Marshall Wace LLP Acquires New Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Marshall Wace LLP bought a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 339,528 shares of the real estate investment trust's stock, valued at approximately $4,020,000. Marshall Wace LLP owned 0.17% of Sunstone Hotel Investors as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in Sunstone Hotel Investors by 304.9% during the 3rd quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock valued at $3,540,000 after purchasing an additional 258,302 shares during the last quarter. Principal Financial Group Inc. grew its position in Sunstone Hotel Investors by 11.6% during 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 buying an additional 116,058 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Sunstone Hotel Investors by 31.0% during the third 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 during the period. GAMMA Investing LLC raised its holdings in Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in Sunstone Hotel Investors by 13.7% in the 4th quarter. Diversified Trust Co now owns 40,697 shares of the real estate investment trust's stock valued at $482,000 after acquiring an additional 4,897 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI dropped their price objective on shares of Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday. 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 report on Wednesday, April 9th. Truist Financial dropped their price target on shares of 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, Wells Fargo & Company decreased their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.50.

Sunstone Hotel Investors Price Performance

SHO traded down $0.05 during midday trading on Tuesday, hitting $8.26. The company had a trading volume of 625,475 shares, compared to its average volume of 2,336,791. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The firm's 50-day simple moving average is $9.32 and its 200-day simple moving average is $10.55. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The company has a market capitalization of $1.66 billion, a PE ratio of 10.86, a P/E/G ratio of 4.52 and a beta of 1.16.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 4.36%. Sunstone Hotel Investors's dividend payout ratio is presently 257.14%.

About Sunstone Hotel Investors

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.