William Blair Investment Management LLC Buys 58,234 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

William Blair Investment Management LLC increased its position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,387,239 shares of the real estate investment trust's stock after buying an additional 58,234 shares during the quarter. William Blair Investment Management LLC owned 1.19% of Sunstone Hotel Investors worth $28,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SHO. Metis Global Partners LLC lifted its position in Sunstone Hotel Investors by 29.8% in the 3rd quarter. Metis Global Partners LLC now owns 20,942 shares of the real estate investment trust's stock worth $216,000 after buying an additional 4,804 shares during the last quarter. Intech Investment Management LLC bought a new stake in Sunstone Hotel Investors in the third quarter valued at approximately $573,000. Charles Schwab Investment Management Inc. lifted its position in Sunstone Hotel Investors by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust's stock valued at $42,126,000 after purchasing an additional 117,390 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Sunstone Hotel Investors by 7.1% in the third quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust's stock valued at $700,000 after purchasing an additional 4,492 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Sunstone Hotel Investors by 460.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust's stock valued at $14,596,000 after buying an additional 1,161,792 shares during the period. Institutional investors own 99.37% of the company's stock.

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Sunstone Hotel Investors Stock Down 0.9 %

Shares of NYSE SHO traded down $0.09 during trading on Friday, reaching $9.73. The company had a trading volume of 3,667,777 shares, compared to its average volume of 2,107,732. Sunstone Hotel Investors, Inc. has a 12-month low of $9.39 and a 12-month high of $12.41. The stock has a market cap of $1.95 billion, a PE ratio of 12.80, a P/E/G ratio of 4.52 and a beta of 1.19. The business's 50-day moving average is $10.89 and its 200 day moving average is $10.88. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $214.77 million for the quarter, compared to analysts' expectations of $211.17 million. As a group, equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.70%. Sunstone Hotel Investors's dividend payout ratio is currently 257.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SHO shares. Truist Financial reduced their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating on the stock in a research note on Friday. Wells Fargo & Company reduced their target price 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. Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.57.

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.