Yousif Capital Management LLC Buys 5,599 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Yousif Capital Management LLC grew its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,424 shares of the real estate investment trust’s stock after purchasing an additional 5,599 shares during the period. Yousif Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its position in Sunstone Hotel Investors by 4.7% in the third quarter. Verdence Capital Advisors LLC now owns 26,216 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 1,167 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Sunstone Hotel Investors by 0.9% during the third quarter. Texas Permanent School Fund Corp now owns 183,928 shares of the real estate investment trust’s stock valued at $1,720,000 after buying an additional 1,577 shares during the period. Penserra Capital Management LLC increased its holdings in Sunstone Hotel Investors by 7.5% during the third quarter. Penserra Capital Management LLC now owns 24,880 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 1,730 shares during the last quarter. Swiss National Bank raised its position in Sunstone Hotel Investors by 0.4% in the third quarter. Swiss National Bank now owns 432,549 shares of the real estate investment trust’s stock worth $4,044,000 after acquiring an additional 1,800 shares during the period. Finally, Diversified Trust Co boosted its stake in Sunstone Hotel Investors by 7.1% in the fourth quarter. Diversified Trust Co now owns 33,250 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 2,209 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SHO shares. StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Truist Financial upped their price target on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock opened at $10.19 on Friday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 10.96, a PEG ratio of 3.98 and a beta of 1.22. Sunstone Hotel Investors, Inc. has a one year low of $8.61 and a one year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.03 and a quick ratio of 7.03. The business has a fifty day moving average price of $10.84 and a 200-day moving average price of $10.51.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.16 by $0.44. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The business had revenue of $219.20 million during the quarter, compared to the consensus estimate of $192.56 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.85 EPS for the current year.

Sunstone Hotel Investors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, March 27th. Sunstone Hotel Investors’s dividend payout ratio is presently 27.96%.

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.