Envestnet Asset Management Inc. Has $3.11 Million Stock Position in Sunstone Hotel Investors, Inc. $SHO

Envestnet Asset Management Inc. lifted its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 53.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,665 shares of the real estate investment trust’s stock after acquiring an additional 123,989 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.18% of Sunstone Hotel Investors worth $3,105,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Sunstone Hotel Investors by 1.6% during the 1st 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 last quarter. Ethic Inc. grew its position in shares of 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 buying an additional 1,573 shares during the period. GAMMA Investing LLC grew its position in shares of Sunstone Hotel Investors by 33.0% during the 2nd 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 during the period. Aberdeen Group plc raised its stake 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 during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in 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 period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of SHO stock opened at $9.48 on Friday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month high of $12.41. The firm has a fifty day moving average of $9.34 and a 200-day moving average of $9.06. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 473.99, a price-to-earnings-growth ratio of 5.32 and a beta of 1.28.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The firm had revenue of $229.32 million for the quarter, compared to analyst estimates of $226.05 million. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. 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, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.09 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.8%.

Analysts Set New Price Targets

A number of research firms have commented on SHO. Truist Financial lowered their target price on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Wells Fargo & Company raised Sunstone Hotel Investors to a “hold” rating in a research note on Friday, October 3rd. Finally, Evercore ISI raised their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.93.

About Sunstone Hotel Investors

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.