Greenland Capital Management LP Increases Stock Position in Sunstone Hotel Investors, Inc. $SHO

Greenland Capital Management LP boosted its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,422 shares of the real estate investment trust’s stock after buying an additional 21,422 shares during the quarter. Greenland Capital Management LP’s holdings in Sunstone Hotel Investors were worth $1,141,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of Sunstone Hotel Investors by 951.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 2,722 shares in the last quarter. Assetmark Inc. raised its holdings in Sunstone Hotel Investors by 210.4% in the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,464 shares during the period. Smartleaf Asset Management LLC boosted its position in Sunstone Hotel Investors by 62.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,881 shares in the last quarter. GAMMA Investing LLC grew its holdings in Sunstone Hotel Investors by 33.0% in the second quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 1,595 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Sunstone Hotel Investors by 46.8% in the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Up 0.4%

SHO stock opened at $9.17 on Thursday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 458.63, a PEG ratio of 5.32 and a beta of 1.28. The firm has a 50-day moving average of $9.33 and a two-hundred day moving average of $9.07. Sunstone Hotel Investors, Inc. has a 12 month low of $7.45 and a 12 month high of $12.41. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The business had revenue of $229.32 million during the quarter, compared to analyst estimates of $226.05 million. During the same period in the prior year, the business earned $0.18 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHO. Evercore ISI increased their target price 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. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Finally, Truist Financial decreased their price target on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus target price of $8.93.

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.