William Blair Investment Management LLC Sells 188,421 Shares of Sunstone Hotel Investors, Inc. $SHO

William Blair Investment Management LLC lowered its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,797,874 shares of the real estate investment trust’s stock after selling 188,421 shares during the quarter. William Blair Investment Management LLC’s holdings in Sunstone Hotel Investors were worth $16,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in shares of Sunstone Hotel Investors by 62.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,876 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sunstone Hotel Investors by 27.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,135 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $88,000. PNC Financial Services Group Inc. grew its position in shares of 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 buying an additional 1,720 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Sunstone Hotel Investors in the 1st quarter valued at about $120,000. Institutional investors own 99.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial upped their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, March 26th. Zacks Research upgraded Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Wells Fargo & Company reduced their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a research report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price target on the stock. Finally, Citigroup upped their price target on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Sunstone Hotel Investors Stock Up 0.0%

Shares of NYSE:SHO opened at $10.63 on Tuesday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 96.60, a P/E/G ratio of 2.49 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick ratio of 3.42. The business’s 50-day moving average is $9.63 and its 200-day moving average is $9.36. Sunstone Hotel Investors, Inc. has a 1 year low of $8.43 and a 1 year high of $10.74.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.30 million. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s payout ratio is currently 327.27%.

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.