Hsbc Holdings PLC Sells 50,955 Shares of Sunstone Hotel Investors, Inc. $SHO

Hsbc Holdings PLC cut its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,302 shares of the real estate investment trust’s stock after selling 50,955 shares during the quarter. Hsbc Holdings PLC owned approximately 0.29% of Sunstone Hotel Investors worth $4,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Sunstone Hotel Investors in the 4th quarter valued at about $26,000. North Star Investment Management Corp. acquired a new position in Sunstone Hotel Investors during the first quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 purchasing an additional 1,135 shares during the last quarter. FIL Ltd grew its stake in Sunstone Hotel Investors by 57.2% in the fourth 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 bought a new position in Sunstone Hotel Investors in the second quarter valued at approximately $88,000. 99.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sunstone Hotel Investors in a research report on Friday, July 10th. Citigroup raised their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday. Wells Fargo & Company upped their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Zacks Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus price target of $10.71.

Insider Transactions at Sunstone Hotel Investors

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the completion of the sale, the insider owned 573,743 shares of the company’s stock, valued at $6,666,893.66. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $11.74 on Friday. The business’s 50 day moving average price is $11.35 and its two-hundred day moving average price is $10.06. The company has a market cap of $2.19 billion, a PE ratio of 106.78, a price-to-earnings-growth ratio of 2.57 and a beta of 0.97. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. Sunstone Hotel Investors, Inc. has a twelve month low of $8.48 and a twelve month high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The firm had revenue of $259.71 million for the quarter, compared to analyst estimates of $244.29 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, analysts predict that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is 327.27%.

Sunstone Hotel Investors 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.