Algert Global LLC acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 159,860 shares of the real estate investment trust's stock, valued at approximately $1,830,000. Algert Global LLC owned about 0.09% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHO. Bank of America Corp DE grew its position in Sunstone Hotel Investors by 21.1% during the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust's stock valued at $90,997,000 after acquiring an additional 1,757,965 shares during the last quarter. Legal & General Group Plc boosted its position in Sunstone Hotel Investors by 12.9% during the fourth quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust's stock valued at $30,474,000 after buying an additional 389,210 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sunstone Hotel Investors in the second quarter worth about $1,822,000. Renaissance Technologies LLC boosted its holdings in Sunstone Hotel Investors by 130.7% during the 1st quarter. Renaissance Technologies LLC now owns 336,996 shares of the real estate investment trust's stock valued at $3,036,000 after acquiring an additional 190,944 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Sunstone Hotel Investors by 23.1% in the fourth quarter. Hsbc Holdings PLC now owns 598,257 shares of the real estate investment trust's stock valued at $5,353,000 after purchasing an additional 112,332 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.
Sunstone Hotel Investors Stock Up 1.5%
Shares of NYSE:SHO opened at $11.36 on Friday. Sunstone Hotel Investors, Inc. has a 12-month low of $8.69 and a 12-month high of $12.07. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 2.68 and a beta of 0.97. The stock has a fifty day simple moving average of $11.41 and a two-hundred day simple moving average of $10.44. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59.
Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $277.11 million during the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current fiscal year.
Sunstone Hotel Investors Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.2%. Sunstone Hotel Investors's dividend payout ratio is currently 163.64%.
Analyst Ratings Changes
Several equities analysts have recently commented on SHO shares. Weiss Ratings raised shares of Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Zacks Research cut shares of Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Citigroup raised their price objective on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.67.
Get Our Latest Analysis on Sunstone Hotel Investors
Insider Transactions at Sunstone Hotel Investors
In other news, insider Robert C. Springer sold 89,631 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the completion of the transaction, the insider directly owned 573,743 shares of the company's stock, valued at $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company's stock.
Sunstone Hotel Investors Company Profile
(
Free Report)
Sunstone Hotel Investors, Inc NYSE: SHO is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company's business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.
As of the most recent reporting period, Sunstone's portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.
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