Short Interest in Sunstone Hotel Investors, Inc. (NYSE:SHO) Drops By 17.6%

Sunstone Hotel Investors, Inc. (NYSE:SHO) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 9,384,371 shares, a drop of 17.6% from the December 15th total of 11,386,007 shares. Based on an average daily trading volume, of 1,633,189 shares, the days-to-cover ratio is currently 5.7 days. Currently, 5.0% of the shares of the company are short sold. Currently, 5.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,633,189 shares, the days-to-cover ratio is currently 5.7 days.

Institutional Trading of Sunstone Hotel Investors

A number of institutional investors have recently bought and sold shares of SHO. Balyasny Asset Management L.P. purchased a new position in shares of Sunstone Hotel Investors in the second quarter valued at $41,332,000. Woodline Partners LP purchased a new position in Sunstone Hotel Investors during the 3rd quarter valued at about $44,295,000. Alyeska Investment Group L.P. raised its position in Sunstone Hotel Investors by 252.8% during the third quarter. Alyeska Investment Group L.P. now owns 2,873,875 shares of the real estate investment trust’s stock worth $26,928,000 after acquiring an additional 2,059,222 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 in the last quarter. Finally, Tributary Capital Management LLC grew its position in shares of Sunstone Hotel Investors by 92.4% in the third quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock valued at $25,221,000 after purchasing an additional 1,292,691 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHO has been the subject of a number of recent research reports. Baird R W cut Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $11.00 in a research report on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Finally, Robert W. Baird restated a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.38.

Sunstone Hotel Investors Trading Down 0.4%

Shares of SHO stock opened at $9.14 on Monday. The business’s fifty day moving average price is $9.20 and its 200 day moving average price is $9.19. The firm has a market capitalization of $1.73 billion, a PE ratio of 11.15, a P/E/G ratio of 1.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.08 and a quick ratio of 3.08. Sunstone Hotel Investors has a 1-year low of $7.45 and a 1-year high of $11.84.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $229.32 million for the quarter, compared to analysts’ expectations of $226.05 million. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, sell-side analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, December 31st.

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.