Greenland Capital Management LP Raises Stock Holdings in Sunstone Hotel Investors, Inc. $SHO

Greenland Capital Management LP boosted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,422 shares of the real estate investment trust’s stock after purchasing an additional 21,422 shares during the quarter. Greenland Capital Management LP owned about 0.07% of Sunstone Hotel Investors worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of Sunstone Hotel Investors by 951.7% during 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 buying an additional 2,722 shares during the last quarter. Assetmark Inc. lifted its position in Sunstone Hotel Investors by 210.4% during the second quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 2,464 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Sunstone Hotel Investors by 62.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,881 shares during the last quarter. GAMMA Investing LLC boosted its stake in Sunstone Hotel Investors by 33.0% in the second quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Sunstone Hotel Investors by 46.8% in the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,087 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHO has been the subject of several analyst reports. Truist Financial decreased their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday. Wells Fargo & Company raised Sunstone Hotel Investors to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Finally, Evercore ISI increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.93.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $9.17 on Thursday. The company has a 50 day simple moving average of $9.33 and a two-hundred day simple moving average of $9.07. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 458.63, a PEG ratio of 5.32 and a beta of 1.28. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51. Sunstone Hotel Investors, Inc. has a 12 month low of $7.45 and a 12 month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The firm had revenue of $229.32 million for the quarter, compared to analyst estimates of $226.05 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.