WINTON GROUP Ltd Has $917,000 Position in Sunstone Hotel Investors, Inc. $SHO

WINTON GROUP Ltd lessened its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 79.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 80,093 shares of the real estate investment trust’s stock after selling 311,053 shares during the period. WINTON GROUP Ltd’s holdings in Sunstone Hotel Investors were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SHO. Bank of America Corp DE raised its holdings in shares of Sunstone Hotel Investors by 21.1% during the 1st quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock valued at $90,997,000 after purchasing an additional 1,757,965 shares in the last quarter. Legal & General Group Plc boosted its holdings in Sunstone Hotel Investors by 12.9% in the fourth quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust’s stock worth $30,474,000 after purchasing an additional 389,210 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Sunstone Hotel Investors during the second quarter worth $1,822,000. Renaissance Technologies LLC raised its holdings in Sunstone Hotel Investors by 130.7% during the first quarter. Renaissance Technologies LLC now owns 336,996 shares of the real estate investment trust’s stock valued at $3,036,000 after buying an additional 190,944 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in Sunstone Hotel Investors during the second quarter valued at about $16,769,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHO. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Truist Financial upped their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus target price of $11.00.

Insider Activity at Sunstone Hotel Investors

In other news, insider Robert Springer sold 89,631 shares of the company’s 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 transaction, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Sunstone Hotel Investors Stock Up 0.0%

SHO stock opened at $10.98 on Monday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97. The company has a 50-day moving average of $11.29 and a two-hundred day moving average of $10.57. Sunstone Hotel Investors, Inc. has a 52-week low of $8.69 and a 52-week high of $12.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.The business had revenue of $277.11 million for the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors’s payout ratio is currently 163.64%.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a real estate investment trust that owns and invests in luxury and upper-upscale hotels in the United States. The company focuses on acquiring, renovating, repositioning and managing a portfolio of full-service lodging properties located primarily in high-demand, coastal and urban gateway markets.

Sunstone’s hotels serve business and leisure travelers and typically offer accommodations, restaurants and bars, meeting and event facilities, and other hospitality amenities.