Arrowstreet Capital Limited Partnership lifted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 354.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 758,985 shares of the real estate investment trust's stock after purchasing an additional 591,990 shares during the period. Arrowstreet Capital Limited Partnership owned 0.41% of Sunstone Hotel Investors worth $6,838,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Royal Bank of Canada raised its position in Sunstone Hotel Investors by 13.9% during the first quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust's stock worth $658,000 after acquiring an additional 8,504 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Sunstone Hotel Investors by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust's stock valued at $789,000 after acquiring an additional 1,307 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sunstone Hotel Investors by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust's stock valued at $1,123,000 after acquiring an additional 3,607 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Sunstone Hotel Investors by 132.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust's stock worth $26,231,000 after purchasing an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Sunstone Hotel Investors during the 1st quarter worth about $120,000. Institutional investors and hedge funds own 99.37% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Wall Street Zen upgraded Sunstone Hotel Investors from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Zacks Research cut Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Citigroup boosted their target price on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Sunstone Hotel Investors in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.67.
View Our Latest Research Report on SHO
Sunstone Hotel Investors Stock Up 0.0%
SHO opened at $11.78 on Monday. The stock has a fifty day moving average of $11.48 and a 200-day moving average of $10.15. The company has a market capitalization of $2.19 billion, a P/E ratio of 107.06, a P/E/G ratio of 2.54 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $12.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.42 and a current ratio of 3.42.
Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The business had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.29 million. During the same period in the prior year, the company posted $0.21 earnings per share. Sunstone Hotel Investors's revenue was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.91 EPS for the current year.
Insider Activity
In related news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the sale, the insider owned 573,743 shares of the company's stock, valued at $6,666,893.66. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company's stock.
About Sunstone Hotel Investors
(
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.
See Also
Want to see what other hedge funds are holding SHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report).

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