Tributary Capital Management LLC Has $25.22 Million Holdings in Sunstone Hotel Investors, Inc. $SHO

Tributary Capital Management LLC grew its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 92.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,691,706 shares of the real estate investment trust’s stock after purchasing an additional 1,292,691 shares during the period. Tributary Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $25,221,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SHO. Royal Bank of Canada lifted its position in shares of Sunstone Hotel Investors by 13.9% in the 1st quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 8,504 shares in the last quarter. Amundi grew its position in Sunstone Hotel Investors by 27.0% during the 1st quarter. Amundi now owns 1,040,883 shares of the real estate investment trust’s stock worth $8,983,000 after purchasing an additional 221,367 shares in the last quarter. AQR Capital Management LLC raised its stake in Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,307 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sunstone Hotel Investors by 3.1% in 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 purchasing an additional 3,607 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 14.4% in the first quarter. Millennium Management LLC now owns 2,392,774 shares of the real estate investment trust’s stock valued at $22,516,000 after purchasing an additional 300,965 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHO. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Wall Street Zen cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $10.00 to $11.00 in a report on Monday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.29.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $9.22 on Thursday. The business’s 50-day moving average price is $9.19 and its two-hundred day moving average price is $9.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.08 and a quick ratio of 3.08. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $12.18. The company has a market capitalization of $1.75 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 2.55 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 1.04% and a net margin of 1.94%.The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. Analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

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

Sunstone Hotel Investors 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.