Sunstone Hotel Investors, Inc. $SHO Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 29.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,793 shares of the real estate investment trust’s stock after selling 34,329 shares during the quarter. Intech Investment Management LLC’s holdings in Sunstone Hotel Investors were worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Sunstone Hotel Investors by 1.6% during the first 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. Ethic Inc. boosted its stake in Sunstone Hotel Investors by 12.7% during the 2nd quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 1,573 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Sunstone Hotel Investors by 33.0% during the second quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 1,595 shares in the last quarter. Aberdeen Group plc grew its holdings in shares of Sunstone Hotel Investors by 2.3% during the first quarter. Aberdeen Group plc now owns 73,502 shares of the real estate investment trust’s stock worth $692,000 after buying an additional 1,669 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Sunstone Hotel Investors by 8.8% in the second quarter. Janney Montgomery Scott LLC now owns 20,912 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 1,691 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Truist Financial lowered their target price on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Sunstone Hotel Investors has an average rating of “Hold” and a consensus price target of $8.93.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $9.41 on Thursday. The firm has a 50 day simple moving average of $9.28 and a 200-day simple moving average of $9.10. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 470.74, a price-to-earnings-growth ratio of 5.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.73 and a quick ratio of 2.73. Sunstone Hotel Investors, Inc. has a 1-year low of $7.45 and a 1-year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $229.32 million for the quarter, compared to analysts’ expectations of $226.05 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.