Waterfront Capital Partners LLC Invests $2.22 Million in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Waterfront Capital Partners LLC purchased a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 187,440 shares of the real estate investment trust's stock, valued at approximately $2,219,000. Waterfront Capital Partners LLC owned approximately 0.09% of Sunstone Hotel Investors as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings 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 valued at $98,929,000 after purchasing an additional 7,234,862 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Sunstone Hotel Investors by 31.0% in 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. Cbre Investment Management Listed Real Assets LLC raised its holdings in Sunstone Hotel Investors by 22.2% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock worth $55,488,000 after buying an additional 851,104 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sunstone Hotel Investors by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock valued at $49,218,000 after acquiring an additional 74,952 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,387,239 shares of the real estate investment trust's stock valued at $28,265,000 after purchasing an additional 58,234 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Trading Down 0.9 %

Shares of Sunstone Hotel Investors stock traded down $0.08 during midday trading on Tuesday, reaching $8.22. 1,367,033 shares of the company's stock traded hands, compared to its average volume of 2,394,468. The company has a market cap of $1.65 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 4.52 and a beta of 1.16. The stock has a 50 day moving average of $9.32 and a 200-day moving average of $10.55. Sunstone Hotel Investors, Inc. has a 12 month low of $7.45 and a 12 month high of $12.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Monday, March 31st. Sunstone Hotel Investors's dividend payout ratio is 257.14%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHO. Evercore ISI lowered their price target on Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday. Truist Financial lowered their price objective 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. Jefferies Financial Group decreased their price target on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company lowered 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 note on Tuesday, February 18th. Finally, Morgan Stanley lowered their target price on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of "Hold" and an average price target of $10.50.

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.