Sunstone Hotel Investors, Inc. (SHO) To Go Ex-Dividend on December 31st

Sunstone Hotel Investors, Inc. (NYSE:SHO) announced a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, December 31st will be paid a dividend of $0.09 per share by the real estate investment trust on Friday, January 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, December 31st.

Sunstone Hotel Investors has raised its dividend payment by an average of 0.5% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Sunstone Hotel Investors has a payout ratio of 189.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sunstone Hotel Investors to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.6%.

Sunstone Hotel Investors Trading Up 1.1%

Shares of Sunstone Hotel Investors stock opened at $12.49 on Friday. The business has a 50 day moving average price of $11.63 and a 200 day moving average price of $10.64. The company has a market capitalization of $2.32 billion, a P/E ratio of 56.77, a P/E/G ratio of 2.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84. Sunstone Hotel Investors has a 1 year low of $8.69 and a 1 year high of $13.08.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Friday, November 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.18. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. The company had revenue of $233.72 million during the quarter, compared to analyst estimates of $222.89 million. Sunstone Hotel Investors has set its FY 2026 guidance at 1.000-1.030 EPS. Sell-side analysts anticipate that Sunstone Hotel Investors will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHO. Fisher Asset Management LLC boosted its position in shares of Sunstone Hotel Investors by 72.5% during the third quarter. Fisher Asset Management LLC now owns 2,369,345 shares of the real estate investment trust’s stock valued at $26,560,000 after buying an additional 996,083 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Sunstone Hotel Investors by 50.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 41,084 shares of the real estate investment trust’s stock worth $461,000 after acquiring an additional 13,796 shares during the period. Ritholtz Wealth Management bought a new position in shares of Sunstone Hotel Investors in the third quarter worth about $115,000. Illinois Municipal Retirement Fund raised its stake in shares of Sunstone Hotel Investors by 2.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 97,147 shares of the real estate investment trust’s stock valued at $1,089,000 after purchasing an additional 1,891 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Sunstone Hotel Investors by 1,000.0% in the third quarter. Parallel Advisors LLC now owns 4,994 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 4,540 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE: SHO) is a real estate investment trust that owns and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale properties located in major business, convention, and leisure destinations.

Sunstone’s portfolio includes full-service hotels operated under well-known hospitality brands as well as independent properties. Its hotels provide accommodations, restaurants and bars, meeting and event facilities, fitness amenities, and other services designed for business and leisure travelers.

The company has historically pursued ownership of institutional-quality lodging assets in markets with strong travel demand, including coastal gateway cities and popular resort and urban destinations.