Readystate Asset Management LP Invests $1.34 Million in Sunstone Hotel Investors, Inc. $SHO

Readystate Asset Management LP bought a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the second quarter, Holdings Channel reports. The firm bought 116,806 shares of the real estate investment trust’s stock, valued at approximately $1,337,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Sunstone Hotel Investors by 13.9% during the first quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 8,504 shares in the last quarter. AQR Capital Management LLC lifted its stake in Sunstone Hotel Investors by 1.6% in the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after purchasing an additional 1,307 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sunstone Hotel Investors by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 3,607 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Sunstone Hotel Investors by 132.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock valued at $26,231,000 after buying an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Sunstone Hotel Investors in the first quarter worth approximately $120,000. 99.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sunstone Hotel Investors news, insider Robert Springer sold 89,631 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the transaction, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. This represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors presently has an average rating of “Hold” and an average price target of $10.67.

Sunstone Hotel Investors Trading Up 0.2%

SHO opened at $11.08 on Tuesday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $11.33 and its two-hundred day moving average is $10.53. The company has a market capitalization of $2.06 billion, a P/E ratio of 50.37, a PEG ratio of 2.62 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a 52 week low of $8.69 and a 52 week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Analysts forecast that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.2%. Sunstone Hotel Investors’s dividend payout ratio is 163.64%.

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.