Fisher Asset Management LLC Trims Stock Position in Sunstone Hotel Investors, Inc. $SHO

Key Points

• Fisher Asset Management reduced its Sunstone Hotel Investors stake by 8.5% in the fourth quarter, selling 114,774 shares and ending with 1,234,457 shares worth about $11.0 million.
• Sunstone Hotel Investors recently beat earnings and revenue expectations, reporting $0.27 EPS versus $0.22 expected and $259.71 million in revenue, up 10.9% year over year.
• The company also declared a quarterly dividend of $0.09 per share, implying a 3.3% annual yield, while analysts currently have a consensus Hold rating with a $10.00 average price target.

Fisher Asset Management LLC lessened its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,234,457 shares of the real estate investment trust's stock after selling 114,774 shares during the quarter. Fisher Asset Management LLC owned about 0.65% of Sunstone Hotel Investors worth $11,036,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Sunstone Hotel Investors by 62.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,876 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Sunstone Hotel Investors by 27.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust's stock worth $47,000 after buying an additional 1,135 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $88,000. PNC Financial Services Group Inc. lifted its position in shares of Sunstone Hotel Investors by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust's stock worth $113,000 after buying an additional 1,720 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth approximately $120,000. Hedge funds and other institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Stock Up 0.2%

SHO stock opened at $10.89 on Thursday. The company has a fifty day moving average price of $9.71 and a 200 day moving average price of $9.38. Sunstone Hotel Investors, Inc. has a 12 month low of $8.43 and a 12 month high of $11.05. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 98.96, a price-to-earnings-growth ratio of 2.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick 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. The firm had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.30 million. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. Sunstone Hotel Investors's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Sell-side analysts expect that Sunstone Hotel Investors, Inc. will post 0.91 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 Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors's payout ratio is currently 327.27%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SHO shares. Wall Street Zen upgraded shares of Sunstone Hotel Investors from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Truist Financial upped their price target on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Thursday, March 26th. Citigroup upped their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Sunstone Hotel Investors from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 18th. Finally, LADENBURG THALM/SH SH started coverage on shares of Sunstone Hotel Investors in a research report on Thursday, March 26th. They issued a "hold" rating and a $10.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors has a consensus rating of "Hold" and an average price target of $10.00.

Sunstone Hotel Investors Company Profile

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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