95,768 Shares of Sunstone Hotel Investors, Inc. $SHO Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 95,768 shares of the real estate investment trust’s stock, valued at approximately $1,074,000. CenterBook Partners LP owned approximately 0.05% of Sunstone Hotel Investors as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SHO. BlackRock Inc. purchased a new stake in Sunstone Hotel Investors in the second quarter worth $402,089,000. Bank of America Corp DE lifted its holdings in shares of Sunstone Hotel Investors by 21.1% during the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock valued at $90,997,000 after purchasing an additional 1,757,965 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $33,113,000. Dimensional Fund Advisors LP increased its position in Sunstone Hotel Investors by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,591,239 shares of the real estate investment trust’s stock valued at $23,348,000 after buying an additional 54,242 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in Sunstone Hotel Investors during the 2nd quarter valued at approximately $16,769,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

SHO stock opened at $12.79 on Wednesday. The stock has a market capitalization of $2.26 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. Sunstone Hotel Investors, Inc. has a 12-month low of $8.69 and a 12-month high of $13.08. The company has a current ratio of 5.52, a quick ratio of 3.84 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $10.67.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Friday, November 6th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.18. Sunstone Hotel Investors had a return on equity of 5.71% and a net margin of 9.20%. The business had revenue of $233.72 million during the quarter, compared to analyst estimates of $222.89 million. Sunstone Hotel Investors has set its FY 2026 guidance at 1.000-1.030 EPS. As a group, research analysts forecast that Sunstone Hotel Investors, Inc. will post 1.01 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 Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, December 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

SHO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 4th. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Evercore set a $13.00 price target on Sunstone Hotel Investors in a research report on Monday, October 26th. 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. increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.43.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) focused on owning hotels and resorts in the United States. Its portfolio centers on upper-upscale and luxury properties in major urban markets and resort destinations. The company invests in full-service hotels that serve business and leisure travelers, including properties with meeting, dining and other hospitality amenities. Hotel operations are generally conducted by third-party operators under established hotel brands.