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

Sunstone Hotel Investors, Inc. (NYSE:SHO) insider Robert Springer sold 89,631 shares of the 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 directly owned 573,743 shares of the company’s stock, 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 can be accessed through this hyperlink.

Sunstone Hotel Investors Stock Down 1.0%

SHO traded down $0.12 during trading on Wednesday, hitting $11.62. The company had a trading volume of 3,321,773 shares, compared to its average volume of 2,007,064. The company has a market capitalization of $2.17 billion, a PE ratio of 105.68, a PEG ratio of 2.65 and a beta of 0.98. 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 one year low of $8.48 and a one year high of $12.07. The firm’s 50-day moving average price is $10.62 and its 200 day moving average price is $9.68.

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 (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 during the quarter, compared to analysts’ expectations of $244.29 million. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 327.27%.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of Sunstone Hotel Investors by 21.1% in the first 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 increased its holdings in shares of Sunstone Hotel Investors by 29.8% during the 1st quarter. Amundi now owns 132,464 shares of the real estate investment trust’s stock worth $1,194,000 after acquiring an additional 30,384 shares during the last quarter. California State Teachers Retirement System raised its stake in Sunstone Hotel Investors by 33.1% in the 1st 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 during the period. Royal Bank of Canada raised its stake in Sunstone Hotel Investors by 1.2% in the 1st 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 during the period. Finally, Quantinno Capital Management LP lifted its holdings in Sunstone Hotel Investors by 109.5% during the 1st quarter. Quantinno Capital Management LP now owns 61,399 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 32,087 shares during the last quarter. Institutional investors own 99.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. LADENBURG THALM/SH SH assumed coverage on shares of Sunstone Hotel Investors in a research report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Truist Financial lifted their price target on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, March 26th. One 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.83.

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.