230,091 Shares in Sunstone Hotel Investors, Inc. $SHO Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 230,091 shares of the real estate investment trust’s stock, valued at approximately $1,997,000. Squarepoint Ops LLC owned 0.12% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings 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 worth $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 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,464 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Sunstone Hotel Investors by 62.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,881 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 1,595 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Sunstone Hotel Investors by 46.8% during 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 owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $9.13 on Friday. The business’s fifty day moving average price is $9.19 and its two-hundred day moving average price is $9.13. The stock has a market cap of $1.73 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $12.27.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $229.32 million during the quarter, compared to analysts’ expectations of $226.05 million. Sunstone Hotel Investors had a return on equity of 1.04% and a net margin of 1.94%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SHO shares. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on Sunstone Hotel Investors from $8.50 to $10.00 and gave the company an “equal weight” rating in a report on Monday, December 1st. Finally, Truist Financial dropped their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.14.

About Sunstone Hotel Investors

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.