BlackRock Amends Sunstone Hotel Investors Stake (SC 13G/A)
Ticker: SHO-PI · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1295810
| Field | Detail |
|---|---|
| Company | Sunstone Hotel Investors, Inc. (SHO-PI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in Sunstone Hotel Investors.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in its ownership of Sunstone Hotel Investors, Inc. common stock as of December 31, 2023. This amendment (Amendment No. 16) updates BlackRock's previous disclosures regarding its passive investment in the hotel and motel company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its investment strategy or outlook for Sunstone Hotel Investors, Inc.
Why It Matters
This filing shows BlackRock's updated position in Sunstone Hotel Investors, Inc., providing transparency on a significant institutional investor's stake in the company.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, has updated its passive stake in Sunstone Hotel Investors, Inc. While this filing doesn't reveal the exact change in share count, it signals ongoing institutional interest. Smart investors might look for the full details of BlackRock's updated holdings in the complete filing to understand the magnitude of any change and consider it as one data point among many when evaluating Sunstone Hotel Investors, Inc.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Sunstone Hotel Investors, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 16 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 16)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is Sunstone Hotel Investors, Inc., as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sunstone Hotel Investors, Inc.' and 'SUNSTONE HOTEL INVESTORS INC (Name of Issuer)' sections.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding Sunstone Hotel Investors, Inc. (SHO-PI).