Readystate Asset Management LP Invests $1.34 Million in Sunstone Hotel Investors, Inc. $SHO

Readystate Asset Management LP purchased a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 116,806 shares of the real estate investment trust’s stock, valued at approximately $1,337,000. Readystate Asset Management LP owned approximately 0.06% of Sunstone Hotel Investors as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SHO. Bank of America Corp DE increased its holdings in Sunstone Hotel Investors by 21.1% in the 1st quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after buying an additional 1,757,965 shares in the last quarter. Legal & General Group Plc increased its holdings in Sunstone Hotel Investors by 12.9% during the fourth quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust’s stock valued at $30,474,000 after buying an additional 389,210 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $1,822,000. Renaissance Technologies LLC lifted its position in Sunstone Hotel Investors by 130.7% during the first quarter. Renaissance Technologies LLC now owns 336,996 shares of the real estate investment trust’s stock valued at $3,036,000 after purchasing an additional 190,944 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Sunstone Hotel Investors during the second quarter valued at $4,183,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $11.08 on Tuesday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 2.62 and a beta of 0.97. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $11.33 and its 200-day simple moving average is $10.53. Sunstone Hotel Investors, Inc. has a 52 week low of $8.69 and a 52 week high of $12.07.

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

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.2%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 163.64%.

Analyst Upgrades and Downgrades

SHO has been the subject of a number of analyst reports. Zacks Research cut Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.67.

Insider Activity

In other news, insider Robert Springer sold 89,631 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value of $1,041,512.22. Following the transaction, the insider owned 573,743 shares of the company’s stock, valued at approximately $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.