WINTON GROUP Ltd cut its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 79.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,093 shares of the real estate investment trust's stock after selling 311,053 shares during the quarter. WINTON GROUP Ltd's holdings in Sunstone Hotel Investors were worth $917,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of SHO. Kestra Advisory Services LLC acquired a new position in shares of Sunstone Hotel Investors in the 4th quarter worth approximately $26,000. North Star Investment Management Corp. acquired a new stake in Sunstone Hotel Investors during the first quarter valued at approximately $27,000. FIL Ltd lifted its stake in Sunstone Hotel Investors by 57.2% during the fourth quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 3,280 shares during the last quarter. Cerity Partners LLC bought a new stake in Sunstone Hotel Investors during the second quarter worth approximately $88,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Sunstone Hotel Investors during the first quarter worth approximately $91,000. 99.37% of the stock is owned by institutional investors and hedge funds.
Sunstone Hotel Investors Trading Up 0.0%
NYSE:SHO opened at $10.98 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07. The stock's 50-day moving average is $11.29 and its two-hundred day moving average is $10.57. The stock has a market cap of $2.04 billion, a PE ratio of 49.93, a price-to-earnings-growth 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 company had revenue of $277.11 million for the quarter, compared to the consensus estimate 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. As a group, equities research analysts forecast 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 given a $0.09 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. Sunstone Hotel Investors's dividend payout ratio is presently 163.64%.
Insider Transactions at Sunstone Hotel Investors
In other Sunstone Hotel Investors news, insider Robert Springer sold 89,631 shares of Sunstone Hotel Investors stock in a transaction 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 sale, the insider owned 573,743 shares of the company's stock, valued at $6,666,893.66. This trade represents a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research analysts have issued reports on SHO shares. JPMorgan Chase & Co. upped their price target on Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Weiss Ratings raised Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Wall Street Zen cut Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research lowered Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company raised Sunstone Hotel Investors to a "strong-buy" rating in a report on Thursday, July 23rd. 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 given a Sell rating to the company's stock. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of "Hold" and a consensus target price of $11.00.
Check Out Our Latest Report on Sunstone Hotel Investors
Sunstone Hotel Investors Profile
(
Free Report)
Sunstone Hotel Investors, Inc is a real estate investment trust that owns and invests in luxury and upper-upscale hotels in the United States. The company focuses on acquiring, renovating, repositioning and managing a portfolio of full-service lodging properties located primarily in high-demand, coastal and urban gateway markets.
Sunstone's hotels serve business and leisure travelers and typically offer accommodations, restaurants and bars, meeting and event facilities, and other hospitality amenities.
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