Centersquare Investment Management LLC Increases Holdings in Sunstone Hotel Investors, Inc. $SHO

Centersquare Investment Management LLC boosted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,517,366 shares of the real estate investment trust’s stock after purchasing an additional 119,290 shares during the period. Centersquare Investment Management LLC’s holdings in Sunstone Hotel Investors were worth $13,565,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Sunstone Hotel Investors by 62.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,876 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Sunstone Hotel Investors by 27.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,135 shares during the period. Cerity Partners LLC purchased a new position in Sunstone Hotel Investors during the 2nd quarter valued at about $88,000. PNC Financial Services Group Inc. grew its holdings in shares of Sunstone Hotel Investors by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,720 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of Sunstone Hotel Investors during the 1st quarter worth approximately $120,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Up 2.5%

SHO stock opened at $11.72 on Friday. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.43 and a fifty-two week high of $11.74. The business’s 50 day moving average price is $10.20 and its two-hundred day moving average price is $9.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.42 and a current ratio of 3.42. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 106.51, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, topping 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 firm had revenue of $259.71 million for the quarter, compared to analysts’ expectations of $244.30 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter 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. As a group, analysts forecast that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s payout ratio is currently 327.27%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research upgraded Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Truist Financial upped their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Citigroup upped their target price on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wells Fargo & Company upped their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors has a consensus rating of “Hold” and an average price target of $10.29.

About Sunstone Hotel Investors

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.