Metis Global Partners LLC Purchases 7,381 Shares of Sunstone Hotel Investors, Inc. $SHO

Metis Global Partners LLC grew its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 29.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,839 shares of the real estate investment trust’s stock after acquiring an additional 7,381 shares during the period. Metis Global Partners LLC’s holdings in Sunstone Hotel Investors were worth $285,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SHO. Edgestream Partners L.P. bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at approximately $1,182,000. Massachusetts Financial Services Co. MA purchased a new position in Sunstone Hotel Investors during the first quarter valued at $42,838,000. Victory Capital Management Inc. boosted its holdings in shares of Sunstone Hotel Investors by 994.8% during the 1st quarter. Victory Capital Management Inc. now owns 407,682 shares of the real estate investment trust’s stock valued at $3,836,000 after buying an additional 370,443 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Sunstone Hotel Investors during the 1st quarter valued at $533,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sunstone Hotel Investors in the 1st quarter worth about $993,000. Institutional investors own 99.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHO shares. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th. Wall Street Zen downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Evercore ISI raised their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Truist Financial dropped their target price on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.93.

Sunstone Hotel Investors Trading Down 0.9%

NYSE:SHO opened at $9.42 on Friday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 471.24, a PEG ratio of 5.32 and a beta of 1.28. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is $9.35 and its 200-day moving average price is $9.05. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data 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 company had revenue of $229.32 million during the quarter, compared to analyst estimates of $226.05 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.