Hsbc Holdings PLC Has $4.94 Million Stock Position in Sunstone Hotel Investors, Inc. $SHO

Hsbc Holdings PLC reduced its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.5% during the 1st quarter, Holdings Channel reports. The fund owned 547,302 shares of the real estate investment trust’s stock after selling 50,955 shares during the period. Hsbc Holdings PLC’s holdings in Sunstone Hotel Investors were worth $4,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Sunstone Hotel Investors by 13.9% during the first quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 8,504 shares during the period. AQR Capital Management LLC increased its stake 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sunstone Hotel Investors by 3.1% during the first 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 during the period. Goldman Sachs Group Inc. lifted its holdings in Sunstone Hotel Investors by 132.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock worth $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 1st quarter worth approximately $120,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Sunstone Hotel Investors in a research note on Friday, July 10th. Finally, Citigroup raised 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.71.

Sunstone Hotel Investors Trading Up 0.8%

Shares of SHO stock opened at $11.74 on Friday. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.19 billion, a P/E ratio of 106.78, a price-to-earnings-growth ratio of 2.57 and a beta of 0.97. The stock has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $10.06. Sunstone Hotel Investors, Inc. has a 1 year low of $8.48 and a 1 year high of $12.07.

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, topping analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The business had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.29 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. The firm’s quarterly 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. On average, research analysts predict that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend 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 is 327.27%.

Insider Activity

In related news, insider Robert C. Springer sold 89,631 shares of the firm’s 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 transaction, the insider owned 573,743 shares in the company, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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.