Westwood Holdings Group Inc. Increases Stake in Sunstone Hotel Investors, Inc. $SHO

Westwood Holdings Group Inc. increased its stake in Sunstone Hotel Investors, Inc. by 10.7% in the 2nd quarter, owning 3,961,174 shares worth $34,383,000. Other investors like Nuveen LLC, Amundi, Millennium Management LLC, Ethic Inc., and Northern Trust Corp also adjusted their positions in SHO. Analysts have mixed ratings on SHO, with a consensus rating of 'Hold' and an average target price of $8.93. SHO reported Q3 earnings of $0.17 per share, beating estimates, and announced a quarterly dividend to be paid on January 15th.

Westwood Holdings Group Inc. boosted its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,961,174 shares of the real estate investment trust's stock after buying an additional 384,277 shares during the period. Westwood Holdings Group Inc. owned 1.99% of Sunstone Hotel Investors worth $34,383,000 at the end of the most recent reporting period.

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Several other large investors have also bought and sold shares of SHO. Nuveen LLC bought a new stake in Sunstone Hotel Investors during the first quarter worth about $10,858,000. Amundi lifted its holdings in shares of Sunstone Hotel Investors by 27.0% during the first quarter. Amundi now owns 1,040,883 shares of the real estate investment trust's stock valued at $8,983,000 after purchasing an additional 221,367 shares during the last quarter. Millennium Management LLC boosted its position in shares of Sunstone Hotel Investors by 14.4% in the 1st quarter. Millennium Management LLC now owns 2,392,774 shares of the real estate investment trust's stock worth $22,516,000 after purchasing an additional 300,965 shares in the last quarter. Ethic Inc. boosted its position in shares of Sunstone Hotel Investors by 12.7% in the 2nd quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust's stock worth $124,000 after purchasing an additional 1,573 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Sunstone Hotel Investors by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,180,251 shares of the real estate investment trust's stock worth $29,926,000 after buying an additional 20,843 shares during the last quarter. 99.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SHO has been the subject of a number of recent research reports. Truist Financial lowered their price objective on 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 report on Wednesday, October 8th. Wall Street Zen downgraded Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Wells Fargo & Company raised Sunstone Hotel Investors to a "hold" rating in a report on Friday, October 3rd. Finally, Evercore ISI upped their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, July 28th. 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 stock. Based on data from MarketBeat, Sunstone Hotel Investors currently has a consensus rating of "Hold" and an average target price of $8.93.

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View Our Latest Report on Sunstone Hotel Investors

Sunstone Hotel Investors Trading Up 0.5%

Shares of SHO stock opened at $9.48 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month high of $12.41. The stock has a market capitalization of $1.80 billion, a P/E ratio of 473.99, a P/E/G ratio of 5.32 and a beta of 1.28. The firm's 50 day moving average is $9.34 and its 200 day moving average is $9.06.

3 Earnings Reports Give a Snapshot of Consumer Sentiment

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its earnings results 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. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The business had revenue of $229.32 million during the quarter, compared to analyst estimates of $226.05 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. Research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business 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 $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

About Sunstone Hotel Investors

(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.

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