William Blair Investment Management LLC bought a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,464,572 shares of the real estate investment trust's stock, valued at approximately $16,769,000. William Blair Investment Management LLC owned about 0.79% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Sunstone Hotel Investors in the second quarter worth about $402,089,000. State Street Corp raised its stake in Sunstone Hotel Investors by 4.9% during the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust's stock valued at $106,784,000 after buying an additional 571,619 shares in the last quarter. Bank of America Corp DE raised its stake 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 buying an additional 1,757,965 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Sunstone Hotel Investors by 86.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust's stock valued at $48,006,000 after buying an additional 2,495,914 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Sunstone Hotel Investors during the 2nd quarter worth approximately $41,332,000. Institutional investors and hedge funds own 99.37% of the company's stock.
Insider Buying and Selling at Sunstone Hotel Investors
In related news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value 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 trade represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.
Sunstone Hotel Investors Stock Up 0.1%
NYSE:SHO opened at $11.29 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97. The stock has a 50 day moving average of $11.46 and a 200-day moving average of $10.36. Sunstone Hotel Investors, Inc. has a 52 week low of $8.69 and a 52 week high of $12.07. 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 announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $277.11 million for the quarter, compared to analysts' expectations 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. Analysts predict that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current year.
Sunstone Hotel Investors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.2%. Sunstone Hotel Investors's dividend payout ratio is currently 163.64%.
Analyst Ratings Changes
Several brokerages have recently commented on SHO. JPMorgan Chase & Co. lifted their target price 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 Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Citigroup lifted 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. Wall Street Zen lowered shares of Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.67.
Check Out Our Latest Stock Report on SHO
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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