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

Greenland Capital Management LP bought a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the real estate investment trust’s stock, valued at approximately $859,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Sunstone Hotel Investors by 13.9% during the 1st quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 8,504 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 worth $789,000 after purchasing an additional 1,307 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sunstone Hotel Investors by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust’s stock worth $1,123,000 after purchasing an additional 3,607 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Sunstone Hotel Investors by 132.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock valued at $26,231,000 after purchasing an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Sunstone Hotel Investors during the first quarter valued at approximately $120,000. 99.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHO. Citigroup lifted their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective 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. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sunstone Hotel Investors has an average rating of “Hold” and an average target price of $10.67.

Insider Transactions at Sunstone Hotel Investors

In other news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $11.29 on Friday. The firm’s 50 day simple moving average is $11.46 and its 200-day simple moving average is $10.36. The company has a market cap of $2.10 billion, a P/E ratio of 51.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $277.11 million for the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors’s payout ratio is 163.64%.

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.