Westwood Holdings Group Inc. Raises Position in Sunstone Hotel Investors, Inc. $SHO

by · The Markets Daily

Westwood Holdings Group Inc. lifted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Free Report) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,961,174 shares of the real estate investment trust’s stock after acquiring an additional 384,277 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Sunstone Hotel Investors were worth $34,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SHO. Balyasny Asset Management L.P. purchased a new position in Sunstone Hotel Investors in the second quarter valued at $41,332,000. Goldman Sachs Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 132.6% in the 1st 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 period. Alyeska Investment Group L.P. boosted its stake in shares of Sunstone Hotel Investors by 251.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,754,955 shares of the real estate investment trust’s stock valued at $16,514,000 after buying an additional 1,254,955 shares during the period. Nuveen LLC acquired a new position in shares of Sunstone Hotel Investors during the first quarter worth about $10,858,000. Finally, Bank of America Corp DE increased its stake in shares of Sunstone Hotel Investors by 13.6% during the second quarter. Bank of America Corp DE now owns 7,240,157 shares of the real estate investment trust’s stock worth $62,845,000 after buying an additional 867,137 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Up 0.5%

NYSE SHO opened at $9.23 on Monday. The firm’s fifty day moving average price is $9.18 and its 200 day moving average price is $9.13. Sunstone Hotel Investors, Inc. has a 12 month low of $7.45 and a 12 month high of $12.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.08 and a quick ratio of 3.08. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 2.74 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last released its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $229.32 million during the quarter, compared to the consensus estimate of $226.05 million. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. Sunstone Hotel Investors’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, sell-side analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, December 31st.

Wall Street Analysts Forecast Growth

Several research firms have commented on SHO. Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Truist Financial lowered their target price on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on Sunstone Hotel Investors from $8.50 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, December 1st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus target price of $9.14.

Get Our Latest Stock Analysis on SHO

Sunstone Hotel Investors Company Profile

(Free Report)

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.

Further Reading

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