Short Interest in Sunstone Hotel Investors, Inc. (NYSE:SHO) Drops By 17.6%

Sunstone Hotel Investors, Inc. (NYSE:SHO) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 9,384,371 shares, a decrease of 17.6% from the December 15th total of 11,386,007 shares. Based on an average daily volume of 1,633,189 shares, the days-to-cover ratio is currently 5.7 days. Approximately 5.0% of the company’s shares are sold short. Approximately 5.0% of the company’s shares are sold short. Based on an average daily volume of 1,633,189 shares, the days-to-cover ratio is currently 5.7 days.

Sunstone Hotel Investors Stock Performance

Shares of Sunstone Hotel Investors stock opened at $9.14 on Monday. The business has a 50-day simple moving average of $9.20 and a 200-day simple moving average of $9.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. Sunstone Hotel Investors has a one year low of $7.45 and a one year high of $11.84. The company has a market cap of $1.73 billion, a PE ratio of 11.15, a P/E/G ratio of 1.87 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. The firm had revenue of $229.32 million for the quarter, compared to analysts’ expectations of $226.05 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, equities research analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.09 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.9%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $1,997,000. Tributary Capital Management LLC raised its position in Sunstone Hotel Investors by 92.4% in the 3rd quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock valued at $25,221,000 after purchasing an additional 1,292,691 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Sunstone Hotel Investors by 10.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock worth $34,383,000 after purchasing an additional 384,277 shares during the period. 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 period. Finally, State of New Jersey Common Pension Fund D grew its position in Sunstone Hotel Investors by 19.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 217,739 shares of the real estate investment trust’s stock worth $1,890,000 after purchasing an additional 34,720 shares during the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on SHO. Baird R W lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $10.00 to $11.00 in a research report on Monday, January 5th. Robert W. Baird restated a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.38.

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.