JPMorgan Chase & Co. Lowers Position in Sunstone Hotel Investors, Inc. $SHO

JPMorgan Chase & Co. cut its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,915,836 shares of the real estate investment trust’s stock after selling 343,513 shares during the period. JPMorgan Chase & Co. owned about 2.06% of Sunstone Hotel Investors worth $36,691,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SHO. Hantz Financial Services Inc. raised its holdings 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 last quarter. CWM LLC boosted its holdings 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 purchasing an additional 1,744 shares during the last quarter. Cerity Partners LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth about $88,000. PNC Financial Services Group Inc. grew its position 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 worth $113,000 after purchasing an additional 1,720 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in Sunstone Hotel Investors in the 1st quarter valued at about $120,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHO has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded 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 note on Monday, January 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. Zacks Research lowered Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.38.

Sunstone Hotel Investors Stock Down 2.5%

SHO opened at $8.88 on Friday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 222.01, a PEG ratio of 2.44 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $10.27. The company’s 50-day moving average price is $9.18 and its two-hundred day moving average price is $9.24.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $236.97 million during 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%. Sunstone Hotel Investors’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $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 year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is 900.00%.

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.