Sunstone Hotel Investors (NYSE:SHO) Sees Unusually-High Trading Volume

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) saw unusually-strong trading volume on Wednesday . Approximately 476,407 shares traded hands during trading, a decline of 73% from the previous session’s volume of 1,754,140 shares.The stock last traded at $10.40 and had previously closed at $10.15.

Analyst Ratings Changes

SHO has been the subject of a number of recent research reports. Truist Financial dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. StockNews.com lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Wolfe Research raised shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday. Compass Point raised shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, May 7th. Finally, Robert W. Baird raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $11.00 to $12.00 in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.75.

Sunstone Hotel Investors Stock Up 2.6 %

The company has a market capitalization of $2.12 billion, a P/E ratio of 11.51, a PEG ratio of 4.82 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. The company has a 50 day moving average of $10.22 and a 200-day moving average of $10.62.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The business had revenue of $217.17 million during the quarter, compared to analysts’ expectations of $212.00 million. As a group, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.09 per share. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, June 28th. Sunstone Hotel Investors’s payout ratio is presently 33.33%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently modified their holdings of SHO. EntryPoint Capital LLC purchased a new position in shares of Sunstone Hotel Investors during the first quarter valued at about $30,000. Plato Investment Management Ltd bought a new position in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $49,000. Quadrant Capital Group LLC lifted its stake in shares of Sunstone Hotel Investors by 35.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 1,387 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $125,000. Finally, Metis Global Partners LLC boosted its position in shares of Sunstone Hotel Investors by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 14,062 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 1,909 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

About Sunstone Hotel Investors

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.