Sunstone Hotel Investors (NYSE:SHO) Insider Sells $1,041,512.22 in Stock

Sunstone Hotel Investors, Inc. (NYSE:SHO) insider Robert Springer sold 89,631 shares of Sunstone Hotel Investors stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $11.83 on Friday. The stock has a fifty day moving average price of $10.74 and a 200-day moving average price of $9.73. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 107.57, a PEG 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, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $244.29 million. During the same quarter last year, the business posted $0.21 EPS. The firm’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. As a group, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.91 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is presently 327.27%.

Institutional Trading of Sunstone Hotel Investors

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in Sunstone Hotel Investors during the fourth quarter worth about $26,000. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors in the first quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sunstone Hotel Investors by 27.4% during 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 acquiring an additional 1,135 shares during the period. FIL Ltd grew its position in shares of Sunstone Hotel Investors by 57.2% during the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 3,280 shares during the period. Finally, Cerity Partners LLC purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $88,000. 99.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHO has been the subject of several analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 price target for the company. Truist Financial increased their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Wells Fargo & Company raised their price objective 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. 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 upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.83.

Sunstone Hotel Investors Company 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.