Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 460.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,414,372 shares of the real estate investment trust's stock after purchasing an additional 1,161,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.70% of Sunstone Hotel Investors worth $14,596,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in Sunstone Hotel Investors in the 2nd quarter worth approximately $34,000. Quarry LP lifted its position in shares of Sunstone Hotel Investors by 584.1% during 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. 1620 Investment Advisors Inc. purchased a new position in shares of Sunstone Hotel Investors during the 2nd quarter valued at approximately $52,000. Harbor Capital Advisors Inc. purchased a new position in shares of Sunstone Hotel Investors during the 3rd quarter valued at approximately $59,000. Finally, Blue Trust Inc. lifted its holdings in Sunstone Hotel Investors by 342.9% in the 2nd quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 5,734 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 price objective on the stock in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of "Hold" and a consensus price target of $11.42.

Sunstone Hotel Investors Price Performance

NYSE:SHO remained flat at $12.07 on Friday. 2,512,455 shares of the company's stock were exchanged, compared to its average volume of 3,641,109. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 6.40 and a beta of 1.25. The business has a 50-day simple moving average of $10.50 and a two-hundred day simple moving average of $10.31. Sunstone Hotel Investors, Inc. has a one year low of $9.39 and a one year high of $12.19.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $226.40 million for the quarter, compared to analysts' expectations of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. As a group, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.78 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, December 31st. Sunstone Hotel Investors's dividend payout ratio is presently 42.11%.

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.