Insider Selling: Sunstone Hotel Investors (NYSE:SHO) Insider Sells 89,631 Shares

Sunstone Hotel Investors, Inc. (NYSE:SHO) insider Robert Springer sold 89,631 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the completion of the transaction, the insider owned 573,743 shares of the company’s stock, valued at $6,666,893.66. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sunstone Hotel Investors Trading Down 1.0%

SHO traded down $0.12 during mid-day trading on Wednesday, reaching $11.62. The stock had a trading volume of 3,321,773 shares, compared to its average volume of 2,007,064. The firm’s fifty day simple moving average is $10.62 and its two-hundred day simple moving average is $9.68. The stock has a market capitalization of $2.17 billion, a P/E ratio of 105.68, a P/E/G ratio of 2.65 and a beta of 0.98. Sunstone Hotel Investors, Inc. has a 52 week low of $8.48 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.42 and a current ratio of 3.42.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $259.71 million during the quarter, compared to analyst estimates of $244.29 million. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, equities analysts predict that Sunstone Hotel Investors, Inc. will post 0.91 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.1%. Sunstone Hotel Investors’s payout ratio is currently 327.27%.

Wall Street Analysts Forecast Growth

SHO has been the subject of a number of analyst reports. Wall Street Zen raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Truist Financial raised their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Citigroup lifted their price objective on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price objective for the company. Finally, Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.83.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Sunstone Hotel Investors during the fourth quarter worth about $26,000. North Star Investment Management Corp. bought a new position in shares of Sunstone Hotel Investors during the 1st quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sunstone Hotel Investors by 27.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,135 shares during the period. FIL Ltd grew its position in shares of Sunstone Hotel Investors by 57.2% in the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 3,280 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter worth approximately $91,000. Institutional investors own 99.37% of the company’s stock.

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.