21,449 Shares in Sunstone Hotel Investors, Inc. (NYSE:SHO) Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. purchased a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,449 shares of the real estate investment trust’s stock, valued at approximately $254,000.

A number of other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Sunstone Hotel Investors by 442.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,448 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,743 shares during the period. KBC Group NV lifted its position in shares of Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 3,249 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of Sunstone Hotel Investors in the fourth quarter worth about $141,000. Finally, Heritage Family Offices LLP grew its position in shares of Sunstone Hotel Investors by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 969 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHO has been the topic of a number of research analyst reports. Jefferies Financial Group boosted 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 reissued 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 cut their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company decreased their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors currently has an average rating of “Hold” and an average target price of $11.57.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $9.74 on Thursday. The company’s 50-day moving average price is $10.78 and its 200-day moving average price 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. The company has a market cap of $1.96 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41.

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

Sunstone Hotel Investors Dividend Announcement

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 paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, March 31st. 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.