Greenland Capital Management LP Buys Shares of 75,000 Sunstone Hotel Investors, Inc. $SHO

Greenland Capital Management LP bought a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 75,000 shares of the real estate investment trust’s stock, valued at approximately $859,000.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new position in Sunstone Hotel Investors during the 2nd quarter valued at $402,089,000. State Street Corp grew its holdings in Sunstone Hotel Investors by 4.9% during the 2nd quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock worth $106,784,000 after acquiring an additional 571,619 shares in the last quarter. Bank of America Corp DE increased its position in shares of Sunstone Hotel Investors by 21.1% in the 1st quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after purchasing an additional 1,757,965 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Sunstone Hotel Investors by 86.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock worth $48,006,000 after purchasing an additional 2,495,914 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $41,332,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $11.29 on Friday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07. The firm has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $10.36. The company has a market cap of $2.10 billion, a PE ratio of 51.32, a P/E/G ratio of 2.67 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.2%. Sunstone Hotel Investors’s payout ratio is currently 163.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Citigroup increased 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. Finally, Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.67.

Insider Buying and Selling

In related news, insider Robert C. Springer sold 89,631 shares of the company’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 completion of the transaction, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.