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

by · The Cerbat Gem

Fisher Asset Management LLC reduced its position in Sunstone Hotel Investors, Inc. (NYSE:SHO – Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,234,457 shares of the real estate investment trust’s stock after selling 114,774 shares during the quarter. Fisher Asset Management LLC’s holdings in Sunstone Hotel Investors were worth $11,036,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Sunstone Hotel Investors by 12.9% in the 4th quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust’s stock valued at $30,474,000 after buying an additional 389,210 shares during the period. MQS Management LLC acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at $671,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sunstone Hotel Investors by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 149,683 shares of the real estate investment trust’s stock valued at $1,367,000 after buying an additional 7,744 shares during the period. Horizon Investments LLC acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at $610,000. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Sunstone Hotel Investors by 1.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 236,239 shares of the real estate investment trust’s stock worth $2,112,000 after purchasing an additional 2,496 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHO. Citigroup upped their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial upped their price target on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Wells Fargo & Company lowered their price target on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

Check Out Our Latest Report on SHO

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $10.89 on Thursday. 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 fifty-two week low of $8.43 and a fifty-two week high of $11.05. The stock has a market cap of $2.03 billion, a PE ratio of 98.96, a price-to-earnings-growth ratio of 2.54 and a beta of 0.96. The firm’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $9.38.

Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The business had revenue of $259.71 million for the quarter, compared to analysts’ expectations of $244.30 million. During the same period in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Analysts expect that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is presently 327.27%.

Sunstone Hotel Investors Profile

(Free Report)

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.

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