Sunstone Hotel Investors, Inc. $SHO Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.0% during the third quarter, Holdings Channel reports. The fund owned 1,349,231 shares of the real estate investment trust’s stock after selling 102,043 shares during the quarter. Fisher Asset Management LLC’s holdings in Sunstone Hotel Investors were worth $12,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHO. Hantz Financial Services Inc. grew its position in shares of Sunstone Hotel Investors by 951.7% in the second quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 2,722 shares during the period. Assetmark Inc. boosted its holdings in shares of Sunstone Hotel Investors by 210.4% in the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,464 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter valued at $88,000. CWM LLC increased its holdings in shares of Sunstone Hotel Investors by 21.7% during the 3rd quarter. CWM LLC now owns 9,773 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 1,744 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised 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 worth $113,000 after buying an additional 1,720 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on SHO shares. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research cut Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. 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. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Sunstone Hotel Investors has an average rating of “Hold” and an average target price of $9.38.

Sunstone Hotel Investors Stock Up 1.7%

NYSE SHO opened at $9.71 on Thursday. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $10.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 2.94. The firm has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $9.25. The stock has a market cap of $1.84 billion, a PE ratio of 242.81, a PEG ratio of 2.01 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $236.97 million for the quarter, compared to analyst estimates of $226.18 million. Sunstone Hotel Investors had a return on equity of 1.44% and a net margin of 2.56%.The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. On average, research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Sunstone Hotel Investors’s 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.