Sunstone Hotel Investors, Inc. $SHO Stock Holdings Cut by Citigroup Inc.

Citigroup Inc. lessened its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 42.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,534 shares of the real estate investment trust’s stock after selling 142,070 shares during the period. Citigroup Inc. owned approximately 0.10% of Sunstone Hotel Investors worth $1,813,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. boosted its stake 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 buying an additional 2,464 shares in the last quarter. Hantz Financial Services Inc. raised its position in 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 worth $46,000 after acquiring an additional 1,876 shares in the last quarter. CWM LLC lifted its holdings in Sunstone Hotel Investors by 21.7% in the 3rd quarter. CWM LLC now owns 9,773 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 1,744 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $88,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Sunstone Hotel Investors by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,720 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $9.40 on Monday. The business’s 50-day moving average is $9.20 and its 200-day moving average is $9.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 235.06, a P/E/G ratio of 2.58 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $10.65.

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

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 31st. Sunstone Hotel Investors’s payout ratio is currently 900.00%.

Analysts Set New Price Targets

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