Hsbc Holdings PLC Sells 181,942 Shares of Sunstone Hotel Investors, Inc. $SHO

Key Points

• HSBC Holdings reduced its Sunstone Hotel Investors stake by 33.2%, selling 181,942 shares and retaining 365,360 shares valued at approximately $4.18 million. Institutional investors still own 99.37% of the REIT.
• Sunstone reported quarterly EPS of $0.14, beating estimates of $0.08, while revenue of $277.11 million exceeded expectations. The company guided to fiscal 2026 EPS of $0.93–$0.98.
• The REIT announced a quarterly dividend of $0.09 per share, representing a 3.3% annualized yield. Analysts’ average rating remains “Hold,” with an average price target of $11.00 versus a recent share price of $10.99.

Hsbc Holdings PLC lessened its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 33.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 365,360 shares of the real estate investment trust's stock after selling 181,942 shares during the period. Hsbc Holdings PLC owned about 0.20% of Sunstone Hotel Investors worth $4,183,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Sunstone Hotel Investors by 13.9% in the first quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust's stock valued at $658,000 after buying an additional 8,504 shares in the last quarter. AQR Capital Management LLC raised its holdings in 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. raised its holdings in 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. lifted its position in Sunstone Hotel Investors by 132.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust's stock worth $26,231,000 after acquiring an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Sunstone Hotel Investors during the first quarter worth approximately $120,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Down 0.0%

NYSE SHO opened at $10.99 on Friday. The business has a fifty day moving average price of $11.30 and a two-hundred day moving average price of $10.56. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market capitalization of $2.04 billion, a PE ratio of 49.95, a PEG ratio of 2.60 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors's payout ratio is presently 163.64%.

Insiders Place Their Bets

In other Sunstone Hotel Investors news, insider Robert 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHO shares. Wells Fargo & Company raised Sunstone Hotel Investors to a "strong-buy" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Truist Financial raised their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $11.00.

About Sunstone Hotel Investors

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.