SG Americas Securities LLC Buys 2,132,180 Shares of Sunstone Hotel Investors, Inc. $SHO

SG Americas Securities LLC grew its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 1,899.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,244,427 shares of the real estate investment trust’s stock after purchasing an additional 2,132,180 shares during the quarter. SG Americas Securities LLC’s holdings in Sunstone Hotel Investors were worth $20,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $41,332,000. Woodline Partners LP bought a new stake in Sunstone Hotel Investors during the third quarter valued at about $44,295,000. Alyeska Investment Group L.P. grew its position in shares of Sunstone Hotel Investors by 86.8% in 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 purchasing an additional 2,495,914 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Sunstone Hotel Investors by 132.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock valued at $26,231,000 after purchasing an additional 1,589,258 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Sunstone Hotel Investors by 13.6% in the second quarter. Bank of America Corp DE now owns 7,240,157 shares of the real estate investment trust’s stock worth $62,845,000 after purchasing an additional 867,137 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sunstone Hotel Investors

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the transaction, the insider directly owned 573,743 shares in the company, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

Sunstone Hotel Investors Stock Down 1.0%

NYSE SHO opened at $11.62 on Thursday. Sunstone Hotel Investors, Inc. has a 1-year low of $8.48 and a 1-year high of $12.07. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 105.68, a PEG ratio of 2.63 and a beta of 0.98. The stock’s 50 day moving average is $10.66 and its two-hundred day moving average is $9.69. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.58.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The company had revenue of $259.71 million during the quarter, compared to analysts’ expectations of $244.29 million. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is 327.27%.

Analysts Set New Price Targets

Several research analysts have commented on SHO shares. Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Sunstone Hotel Investors in a research note on Thursday, March 26th. They set a “hold” rating and a $10.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.83.

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.