Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 304.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 343,018 shares of the real estate investment trust’s stock after buying an additional 258,302 shares during the period. Barclays PLC owned approximately 0.17% of Sunstone Hotel Investors worth $3,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in Sunstone Hotel Investors during the 2nd quarter worth approximately $34,000. Quarry LP grew its position in Sunstone Hotel Investors by 584.1% in 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. raised its position in Sunstone Hotel Investors by 34.8% during 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 buying an additional 1,937 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Sunstone Hotel Investors by 8,623.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,515 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 11,383 shares during the period. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $12.01 on Monday. The stock has a fifty day moving average price of $10.88 and a 200 day moving average price of $10.45. 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 stock has a market cap of $2.41 billion, a PE ratio of 15.80, a P/E/G ratio of 6.45 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Sunstone Hotel Investors’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.00%. Sunstone Hotel Investors’s dividend payout ratio is currently 44.74%.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.20.

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.