Hsbc Holdings PLC Has $5.35 Million Position in Sunstone Hotel Investors, Inc. $SHO

Hsbc Holdings PLC raised its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 598,257 shares of the real estate investment trust’s stock after purchasing an additional 112,332 shares during the period. Hsbc Holdings PLC’s holdings in Sunstone Hotel Investors were worth $5,353,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Sunstone Hotel Investors by 4.9% during the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock worth $106,784,000 after purchasing an additional 571,619 shares in the last quarter. Bank of America Corp DE increased its position in shares of Sunstone Hotel Investors by 7.1% in the 3rd quarter. Bank of America Corp DE now owns 7,753,798 shares of the real estate investment trust’s stock valued at $72,653,000 after buying an additional 513,641 shares in 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 valued at $48,006,000 after buying an additional 2,495,914 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Sunstone Hotel Investors during the 2nd quarter worth $41,332,000. Finally, Woodline Partners LP acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth $44,295,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert C. Springer sold 89,631 shares of the company’s stock in a transaction dated 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 owned 573,743 shares in the company, valued at approximately $6,666,893.66. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $11.83 on Friday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 107.57, a PEG ratio of 2.67 and a beta of 0.98. Sunstone Hotel Investors, Inc. has a 12 month low of $8.48 and a 12 month high of $12.07. The firm has a fifty day simple moving average of $10.74 and a 200 day simple moving average of $9.73. 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:SHO) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The firm had revenue of $259.71 million for the quarter, compared to analyst estimates of $244.29 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.91 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.0%. Sunstone Hotel Investors’s payout ratio is currently 327.27%.

Analyst Upgrades and Downgrades

SHO has been the topic of several recent analyst reports. Zacks Research upgraded Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Truist Financial raised their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Citigroup lifted their price objective on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH initiated coverage on Sunstone Hotel Investors in a research report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.83.

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.