Jane Street Group LLC Has $1.84 Million Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Jane Street Group LLC reduced its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 56.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 154,966 shares of the real estate investment trust’s stock after selling 204,801 shares during the period. Jane Street Group LLC’s holdings in Sunstone Hotel Investors were worth $1,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Sunstone Hotel Investors by 442.7% in 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 during the period. Sterling Capital Management LLC grew its stake in shares of Sunstone Hotel Investors by 805.2% during the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 5,701 shares during the period. KBC Group NV grew its stake in shares of Sunstone Hotel Investors by 55.4% during the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,249 shares during the period. FIL Ltd grew its stake in shares of Sunstone Hotel Investors by 140.2% during the fourth quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 6,634 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $141,000. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Up 1.3%

NYSE:SHO opened at $8.92 on Friday. Sunstone Hotel Investors, Inc. has a 1 year low of $7.45 and a 1 year high of $12.41. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 4.52 and a beta of 1.25. The stock has a 50-day moving average price of $8.80 and a two-hundred day moving average price of $10.39.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $243.34 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 4.03%. Sunstone Hotel Investors’s dividend payout ratio is currently 360.00%.

Analyst Ratings Changes

SHO has been the subject of a number of analyst reports. Truist Financial decreased their price objective on 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. Wells Fargo & Company decreased their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley decreased their price objective on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, Evercore ISI raised Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating and set a $10.00 price objective for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.25.

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.