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Jane Street Group LLC Acquires 170,821 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Sunstone Hotel Investors logo with Finance background

Jane Street Group LLC boosted its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 90.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 359,767 shares of the real estate investment trust's stock after buying an additional 170,821 shares during the period. Jane Street Group LLC owned approximately 0.18% of Sunstone Hotel Investors worth $3,713,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SHO. Federated Hermes Inc. bought a new position in Sunstone Hotel Investors during the second quarter valued at about $34,000. Quarry LP raised its stake in shares of Sunstone Hotel Investors by 584.1% in the 2nd quarter. Quarry LP now owns 4,310 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 3,680 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Sunstone Hotel Investors in the third quarter worth about $59,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust's stock worth $80,000 after buying an additional 1,937 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Sunstone Hotel Investors by 342.9% during the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust's stock worth $83,000 after buying an additional 5,734 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Shares of SHO traded down $0.07 during mid-day trading on Friday, hitting $12.01. 5,081,413 shares of the company traded hands, compared to its average volume of 2,198,090. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 6.45 and a beta of 1.25. The business has a 50-day moving average of $10.85 and a 200 day moving average of $10.43. Sunstone Hotel Investors, Inc. has a one year low of $9.39 and a one year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The company's revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 44.74%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.20.

Read Our Latest Stock Analysis on SHO

Sunstone Hotel Investors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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