Sunstone Hotel Investors, Inc. $SHO Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,067 shares of the real estate investment trust’s stock after selling 49,109 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Sunstone Hotel Investors were worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SHO. Kestra Advisory Services LLC purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter worth approximately $26,000. North Star Investment Management Corp. acquired a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. raised its position in Sunstone Hotel Investors by 27.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,135 shares during the last quarter. FIL Ltd raised its position in Sunstone Hotel Investors by 57.2% in the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 3,280 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in Sunstone Hotel Investors during the 2nd quarter worth $88,000. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $11.76 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick ratio of 3.42. The stock has a fifty day moving average price of $11.44 and a 200 day moving average price of $10.11. Sunstone Hotel Investors, Inc. has a 1-year low of $8.48 and a 1-year high of $12.07. The company has a market cap of $2.19 billion, a PE ratio of 106.91, a P/E/G ratio of 2.60 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $259.71 million for the quarter, compared to analyst estimates of $244.29 million. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. Sunstone Hotel Investors’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Sunstone Hotel Investors’s payout ratio is 327.27%.

Insider Activity

In related news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the completion of the transaction, the insider directly owned 573,743 shares of the company’s stock, valued at $6,666,893.66. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SHO has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sunstone Hotel Investors in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Citigroup increased their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Zacks Research cut Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus price target of $10.67.

Sunstone Hotel Investors Company 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.