Y Intercept Hong Kong Ltd Has $1.49 Million Position in Sunstone Hotel Investors, Inc. $SHO

Y Intercept Hong Kong Ltd cut its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 54.0% in the first quarter, Holdings Channel reports. The institutional investor owned 164,772 shares of the real estate investment trust’s stock after selling 193,531 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Sunstone Hotel Investors were worth $1,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHO. Royal Bank of Canada boosted its position in Sunstone Hotel Investors by 13.9% during the 1st quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 8,504 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 1,307 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sunstone Hotel Investors by 3.1% in the first 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 purchasing an additional 3,607 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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, United Services Automobile Association bought a new stake in shares of Sunstone Hotel Investors in the first quarter worth $120,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Insider Activity at Sunstone Hotel Investors

In other news, insider Robert C. Springer sold 89,631 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SHO has been the subject of several recent research reports. Zacks Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Citigroup lifted their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial boosted their price target 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. LADENBURG THALM/SH SH initiated coverage on shares of Sunstone Hotel Investors in a research note on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.83.

Sunstone Hotel Investors Stock Down 0.3%

Shares of Sunstone Hotel Investors stock traded down $0.04 on Friday, reaching $11.20. 2,055,982 shares of the company were exchanged, compared to its average volume of 3,204,521. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 101.78, a PEG ratio of 2.51 and a beta of 0.97. 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, Inc. has a one year low of $8.48 and a one year high of $12.07. The company has a 50-day moving average of $11.07 and a 200 day moving average of $9.88.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 327.27%.

Sunstone Hotel Investors 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.