OVERSEA CHINESE BANKING Corp Ltd Takes $1.47 Million Position in Sunstone Hotel Investors, Inc. $SHO

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 127,926 shares of the real estate investment trust’s stock, valued at approximately $1,465,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.07% of Sunstone Hotel Investors at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SHO. Kestra Advisory Services LLC bought a new stake in Sunstone Hotel Investors in the fourth quarter valued at $26,000. North Star Investment Management Corp. bought a new position in shares of Sunstone Hotel Investors during the first quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sunstone Hotel Investors by 27.4% during the fourth 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 acquiring an additional 1,135 shares during the period. FIL Ltd boosted its stake in shares of Sunstone Hotel Investors by 57.2% in the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 3,280 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Sunstone Hotel Investors in the 2nd quarter valued at $88,000. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of SHO stock opened at $11.29 on Friday. The stock’s fifty day moving average is $11.46 and its 200-day moving average is $10.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market capitalization of $2.10 billion, a PE ratio of 51.32, a PEG ratio of 2.67 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a 52 week low of $8.69 and a 52 week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.The company had revenue of $277.11 million during the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Equities research analysts expect that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 163.64%.

Analyst Ratings Changes

SHO has been the topic of several analyst reports. Wall Street Zen lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Citigroup boosted their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.67.

Insider Buying and Selling at Sunstone Hotel Investors

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value of $1,041,512.22. Following the completion of the transaction, the insider directly owned 573,743 shares of the company’s stock, valued at approximately $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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.