Jackson Creek Investment Advisors LLC Purchases New Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Jackson Creek Investment Advisors LLC purchased a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 109,241 shares of the real estate investment trust’s stock, valued at approximately $1,143,000. Jackson Creek Investment Advisors LLC owned about 0.05% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in Sunstone Hotel Investors by 572.0% during the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock valued at $2,440,000 after buying an additional 186,413 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Sunstone Hotel Investors by 7.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock valued at $35,209,000 after buying an additional 236,708 shares in the last quarter. Norges Bank acquired a new stake in Sunstone Hotel Investors during the fourth quarter valued at approximately $14,656,000. SG Americas Securities LLC acquired a new stake in Sunstone Hotel Investors during the first quarter valued at approximately $1,657,000. Finally, Balyasny Asset Management L.P. raised its stake in Sunstone Hotel Investors by 313.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock valued at $41,565,000 after buying an additional 2,937,603 shares in the last quarter. 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 $10.17 on Wednesday. Sunstone Hotel Investors, Inc. has a 12-month low of $8.78 and a 12-month high of $11.59. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 4.36 and a beta of 1.25. The business has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $10.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The business had revenue of $247.50 million during the quarter, compared to the consensus estimate of $248.12 million. During the same period last year, the company earned $0.33 earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

SHO has been the topic of several research reports. StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Baird R W upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th. Wolfe Research upgraded Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Wednesday, July 10th. Robert W. Baird upgraded Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $12.00 in a research report on Tuesday, May 28th. Finally, Truist Financial dropped their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.00.

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.