CenterBook Partners LP Acquires New Shares in Sunstone Hotel Investors, Inc. $SHO

CenterBook Partners LP acquired a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the third quarter, HoldingsChannel reports. The fund acquired 95,768 shares of the real estate investment trust’s stock, valued at approximately $1,074,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heritage Family Offices LLP bought a new stake in Sunstone Hotel Investors in the 3rd quarter worth approximately $37,000. State of Wyoming increased its position in Sunstone Hotel Investors by 121.5% during the third quarter. State of Wyoming now owns 61,288 shares of the real estate investment trust’s stock valued at $687,000 after acquiring an additional 33,619 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Sunstone Hotel Investors by 2.4% during the third quarter. Asset Management One Co. Ltd. now owns 258,653 shares of the real estate investment trust’s stock valued at $2,900,000 after acquiring an additional 6,079 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Sunstone Hotel Investors during the third quarter valued at $509,000. Finally, Sterling Capital Management LLC lifted its holdings in Sunstone Hotel Investors by 187.2% in the third quarter. Sterling Capital Management LLC now owns 5,115 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 3,334 shares during the period. Institutional investors own 99.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SHO. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 4th. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, October 21st. Finally, Wall Street Zen cut shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.43.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $12.79 on Wednesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.16 and a beta of 0.99. Sunstone Hotel Investors, Inc. has a 1 year low of $8.69 and a 1 year high of $13.08. The stock’s 50 day simple moving average is $11.69 and its two-hundred day simple moving average is $10.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.52 and a quick ratio of 3.84.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Friday, November 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.18. Sunstone Hotel Investors had a return on equity of 5.71% and a net margin of 9.20%. The firm had revenue of $233.72 million during the quarter, compared to the consensus estimate of $222.89 million. Sunstone Hotel Investors has set its FY 2026 guidance at 1.000-1.030 EPS. As a group, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 1.01 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. Sunstone Hotel Investors’s dividend payout ratio is presently 80.00%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) focused on owning hotels and resorts in the United States. Its portfolio centers on upper-upscale and luxury properties in major urban markets and resort destinations. The company invests in full-service hotels that serve business and leisure travelers, including properties with meeting, dining and other hospitality amenities. Hotel operations are generally conducted by third-party operators under established hotel brands.