Robert Springer Sells 89,631 Shares of Sunstone Hotel Investors (NYSE:SHO) Stock

Sunstone Hotel Investors, Inc. (NYSE:SHO) insider Robert Springer sold 89,631 shares of the stock in a transaction that occurred 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 directly owned 573,743 shares of the company’s stock, valued at $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sunstone Hotel Investors Stock Performance

SHO stock opened at $11.58 on Friday. The firm has a 50 day simple moving average of $10.70 and a 200 day simple moving average of $9.71. Sunstone Hotel Investors, Inc. has a 52 week low of $8.48 and a 52 week high of $12.07. The stock has a market cap of $2.16 billion, a P/E ratio of 105.27, a P/E/G ratio of 2.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.42 and a current ratio of 3.42.

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 for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $259.71 million for the quarter, compared to analyst estimates of $244.29 million. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.1%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 327.27%.

Analysts Set New Price Targets

SHO has been the topic of several research reports. Wells Fargo & Company upped their target price on Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Wednesday. LADENBURG THALM/SH SH initiated coverage on Sunstone Hotel Investors in a research note on Thursday, March 26th. They issued a “hold” rating and a $10.00 price target for the company. Zacks Research upgraded Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Citigroup raised their price objective 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. Finally, Truist Financial lifted their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.83.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds and other institutional investors have recently made changes to their positions in SHO. Kestra Advisory Services LLC acquired a new position in shares of Sunstone Hotel Investors during the 4th quarter worth about $26,000. North Star Investment Management Corp. bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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. FIL Ltd grew its holdings in 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 buying an additional 3,280 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Sunstone Hotel Investors in the 1st quarter worth approximately $91,000. 99.37% of the stock is owned by institutional investors and hedge funds.

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.