SummitTX Capital L.P. Buys Shares of 101,118 Sunstone Hotel Investors, Inc. $SHO

SummitTX Capital L.P. acquired a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the first quarter, HoldingsChannel reports. The firm acquired 101,118 shares of the real estate investment trust’s stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHO. Mirae Asset Global Investments Co. Ltd. increased its position 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 in the last quarter. California State Teachers Retirement System grew its stake in shares of Sunstone Hotel Investors by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock valued at $1,550,000 after buying an additional 1,170 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Sunstone Hotel Investors by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,307 shares during the last quarter. Barclays PLC increased its holdings in shares of Sunstone Hotel Investors by 0.7% during the 4th quarter. Barclays PLC now owns 308,643 shares of the real estate investment trust’s stock valued at $2,759,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Sunstone Hotel Investors by 3.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 70,517 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 2,070 shares during the period. Institutional investors own 99.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHO. Citigroup upped their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Sunstone Hotel Investors in a research note on Friday, July 10th. Zacks Research cut Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.67.

Insider Activity

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the completion of the sale, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Sunstone Hotel Investors Stock Down 0.6%

NYSE:SHO opened at $11.71 on Friday. 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 12-month low of $8.48 and a 12-month high of $12.07. The stock’s fifty day simple moving average is $11.46 and its 200-day simple moving average is $10.13. The firm has a market capitalization of $2.18 billion, a P/E ratio of 106.42, a P/E/G ratio of 2.60 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last issued 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. The firm had revenue of $259.71 million for the quarter, compared to analysts’ expectations of $244.29 million. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Equities research analysts expect that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 327.27%.

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.