MQS Management LLC Makes New $671,000 Investment in Sunstone Hotel Investors, Inc. $SHO

MQS Management LLC purchased a new position in Sunstone Hotel Investors, Inc. (NYSE:SHOFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 75,037 shares of the real estate investment trust’s stock, valued at approximately $671,000.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in shares of Sunstone Hotel Investors by 62.4% in the third quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,876 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sunstone Hotel Investors by 27.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,135 shares during the period. Cerity Partners LLC bought a new position in shares of Sunstone Hotel Investors in the second quarter worth about $88,000. PNC Financial Services Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 16.7% in the third quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,720 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Sunstone Hotel Investors in the first quarter worth about $120,000. Institutional investors own 99.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHO. Citigroup upped their price objective on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial upped their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Wells Fargo & Company dropped their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Finally, Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Check Out Our Latest Research Report on Sunstone Hotel Investors

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $10.63 on Friday. The stock has a 50 day moving average of $9.60 and a 200 day moving average of $9.34. Sunstone Hotel Investors, Inc. has a 12 month low of $8.43 and a 12 month high of $10.74. The firm has a market cap of $1.98 billion, a PE ratio of 96.60, a PEG ratio of 2.51 and a beta of 0.96. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.58.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating 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 company had revenue of $259.71 million during the quarter, compared to analyst estimates of $244.30 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’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. On average, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.91 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.4%. Sunstone Hotel Investors’s dividend payout ratio is presently 327.27%.

Sunstone Hotel Investors Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunstone Hotel Investors, Inc. (NYSE:SHOFree Report).

Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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