SG Americas Securities LLC Invests $844,000 in Sunstone Hotel Investors, Inc. $SHO

SG Americas Securities LLC purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 90,075 shares of the real estate investment trust’s stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Sunstone Hotel Investors by 951.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 2,722 shares in the last quarter. Assetmark Inc. grew its position in Sunstone Hotel Investors by 210.4% during the second quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 2,464 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Sunstone Hotel Investors by 33.0% during the second quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,595 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Sunstone Hotel Investors by 46.8% in the 2nd quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,087 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Sunstone Hotel Investors by 579.8% in the 2nd quarter. CWM LLC now owns 8,029 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 6,848 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Down 0.4%

Shares of NYSE SHO opened at $9.14 on Tuesday. The firm has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $9.19. Sunstone Hotel Investors, Inc. has a 12 month low of $7.45 and a 12 month high of $11.84. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.73 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $226.05 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

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

Analyst Ratings Changes

SHO has been the topic of a number of analyst reports. Robert W. Baird reiterated a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. Wells Fargo & Company raised Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Monday, January 5th. Wall Street Zen lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.38.

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.