2,891,965 Shares in Sunstone Hotel Investors, Inc. $SHO Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the second quarter, Holdings Channel.com reports. The institutional investor bought 2,891,965 shares of the real estate investment trust’s stock, valued at approximately $33,113,000.

Several other institutional investors also recently bought and sold shares of SHO. The Manufacturers Life Insurance Company acquired a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth $1,058,000. Algert Global LLC acquired a new position in Sunstone Hotel Investors during the 2nd quarter valued at about $1,830,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Sunstone Hotel Investors during the 2nd quarter valued at about $267,000. Greenland Capital Management LP purchased a new stake in Sunstone Hotel Investors in the second quarter valued at about $859,000. Finally, William Blair Investment Management LLC purchased a new stake in Sunstone Hotel Investors in the second quarter valued at about $16,769,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $11.36 on Friday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59. Sunstone Hotel Investors, Inc. has a 12 month low of $8.69 and a 12 month high of $12.07. The company has a 50 day simple moving average of $11.41 and a two-hundred day simple moving average of $10.44. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 2.65 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $277.11 million during the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, analysts predict that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. Sunstone Hotel Investors’s dividend payout ratio is presently 163.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SHO shares. Wall Street Zen lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Citigroup boosted 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 report on Wednesday, May 6th. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.67.

Insider Activity at Sunstone Hotel Investors

In related news, insider Robert C. Springer sold 89,631 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the sale, the insider directly owned 573,743 shares of the company’s stock, valued at $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

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.