Sunstone Hotel Investors (NYSE:SHO) Insider Robert Springer Sells 89,631 Shares of Stock

Sunstone Hotel Investors, Inc. (NYSE:SHO) insider Robert Springer sold 89,631 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the sale, the insider owned 573,743 shares in the company, valued at $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $11.62 on Thursday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $12.07. The stock has a market cap of $2.17 billion, a PE ratio of 105.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98. The firm’s fifty day simple moving average is $10.66 and its 200-day simple moving average is $9.69.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results 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 net margin of 3.84% and a return on equity of 2.27%. The business had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.29 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.1%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 327.27%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in Sunstone Hotel Investors by 21.1% during the 1st 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 during the last quarter. Amundi lifted its position in shares of Sunstone Hotel Investors by 29.8% in the first quarter. Amundi now owns 132,464 shares of the real estate investment trust’s stock valued at $1,194,000 after acquiring an additional 30,384 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Sunstone Hotel Investors by 33.1% in the first quarter. California State Teachers Retirement System now owns 228,623 shares of the real estate investment trust’s stock valued at $2,060,000 after acquiring an additional 56,837 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Sunstone Hotel Investors by 1.2% in the first quarter. Royal Bank of Canada now owns 103,294 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Sunstone Hotel Investors by 109.5% during the first quarter. Quantinno Capital Management LP now owns 61,399 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 32,087 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

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.