Fisher Asset Management LLC Trims Stake in Sunstone Hotel Investors, Inc. $SHO

Fisher Asset Management LLC trimmed its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,349,231 shares of the real estate investment trust’s stock after selling 102,043 shares during the period. Fisher Asset Management LLC owned 0.71% of Sunstone Hotel Investors worth $12,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Sunstone Hotel Investors by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock valued at $1,550,000 after purchasing an additional 1,170 shares during the period. AQR Capital Management LLC lifted its position in shares of 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 valued at $789,000 after buying an additional 1,307 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sunstone Hotel Investors by 16.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,720 shares during the period. CWM LLC raised its position in Sunstone Hotel Investors by 21.7% during the third quarter. CWM LLC now owns 9,773 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 1,744 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Sunstone Hotel Investors by 62.4% in the third quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,876 shares during the period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Up 1.7%

Sunstone Hotel Investors stock opened at $9.71 on Thursday. The company has a current ratio of 2.94, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.84 billion, a P/E ratio of 242.81, a P/E/G ratio of 2.01 and a beta of 0.97. The stock’s fifty day simple moving average is $9.18 and its 200-day simple moving average is $9.25. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $10.65.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $236.97 million for the quarter, compared to analyst estimates of $226.18 million. Sunstone Hotel Investors had a net margin of 2.56% and a return on equity of 1.44%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is currently 900.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SHO. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Robert W. Baird restated a “neutral” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Wells Fargo & Company raised Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $11.00 in a report on Monday, January 5th. Zacks Research downgraded Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average 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.