Tarsadia Capital LLC Cuts Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Tarsadia Capital LLC lessened its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 43.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 850,000 shares of the real estate investment trust’s stock after selling 644,905 shares during the period. Sunstone Hotel Investors comprises 100.0% of Tarsadia Capital LLC’s holdings, making the stock its largest position. Tarsadia Capital LLC’s holdings in Sunstone Hotel Investors were worth $10,064,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SHO. Principal Financial Group Inc. increased its position in shares of Sunstone Hotel Investors by 645.6% during the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock worth $98,929,000 after acquiring an additional 7,234,862 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sunstone Hotel Investors by 460.0% during the 3rd 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 purchasing an additional 1,161,792 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sunstone Hotel Investors by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock worth $49,284,000 after purchasing an additional 1,130,558 shares in the last quarter. Heitman Real Estate Securities LLC raised its stake in shares of Sunstone Hotel Investors by 976.5% in the third quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust’s stock worth $12,776,000 after purchasing an additional 1,123,001 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Sunstone Hotel Investors by 22.2% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust’s stock valued at $55,488,000 after purchasing an additional 851,104 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

SHO opened at $9.42 on Tuesday. Sunstone Hotel Investors, Inc. has a fifty-two week low of $5.01 and a fifty-two week high of $12.41. The firm has a 50-day moving average of $10.65 and a 200 day moving average of $10.88. 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 has a market cap of $1.89 billion, a P/E ratio of 12.39, a PEG ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $214.77 million during the quarter, compared to the consensus estimate of $211.17 million. On average, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

Analyst Ratings Changes

SHO has been the subject of several recent research reports. 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 report on Thursday, January 2nd. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Truist Financial dropped their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.