Carrera Capital Advisors Invests $1.68 Million in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Carrera Capital Advisors acquired a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 140,842 shares of the real estate investment trust’s stock, valued at approximately $1,680,000. Carrera Capital Advisors owned approximately 0.07% of Sunstone Hotel Investors at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SHO. Mirae Asset Global Investments Co. Ltd. raised its position in 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 purchasing an additional 1,937 shares during the period. abrdn plc grew its stake in shares of Sunstone Hotel Investors by 10.0% during the third quarter. abrdn plc now owns 44,055 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 4,010 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Sunstone Hotel Investors by 0.5% in the third quarter. New York State Teachers Retirement System now owns 294,316 shares of the real estate investment trust’s stock worth $3,037,000 after buying an additional 1,386 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at about $59,000. Finally, Van ECK Associates Corp lifted its stake in shares of Sunstone Hotel Investors by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 34,956 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 3,837 shares during the last quarter. Institutional investors own 99.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHO. Wells Fargo & Company reduced their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley restated an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average price target of $11.71.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $10.38 on Wednesday. The business has a 50 day moving average of $11.43 and a 200 day moving average of $10.91. Sunstone Hotel Investors, Inc. has a 52 week low of $9.39 and a 52 week high of $12.41. The company has a market cap of $2.09 billion, a PE ratio of 13.65, a P/E/G ratio of 4.52 and a beta of 1.20. 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) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. As a group, equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.47%. Sunstone Hotel Investors’s payout ratio is 257.14%.

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.