M&T Bank Corp Makes New $635,000 Investment in Sunstone Hotel Investors, Inc. $SHO

M&T Bank Corp bought a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 4th quarter, Holdings Channel.com reports. The firm bought 70,990 shares of the real estate investment trust’s stock, valued at approximately $635,000.

Other institutional investors have also recently made changes to their positions in the company. Tributary Capital Management LLC grew its holdings in Sunstone Hotel Investors by 14.2% during the 4th quarter. Tributary Capital Management LLC now owns 1,537,256 shares of the real estate investment trust’s stock valued at $13,743,000 after buying an additional 191,403 shares in the last quarter. Davis Selected Advisers grew its holdings in Sunstone Hotel Investors by 13.5% during the 3rd quarter. Davis Selected Advisers now owns 1,311,800 shares of the real estate investment trust’s stock valued at $12,292,000 after buying an additional 156,320 shares in the last quarter. SG Americas Securities LLC purchased a new position in Sunstone Hotel Investors during the 3rd quarter valued at approximately $844,000. GSA Capital Partners LLP purchased a new position in Sunstone Hotel Investors during the 3rd quarter valued at approximately $579,000. Finally, Public Sector Pension Investment Board grew its holdings in Sunstone Hotel Investors by 9.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 740,961 shares of the real estate investment trust’s stock valued at $6,943,000 after buying an additional 63,047 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $9.89 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 247.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a 50 day moving average price of $9.34 and a 200-day moving average price of $9.23. Sunstone Hotel Investors, Inc. has a one year low of $8.14 and a one year high of $10.27.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Sunstone Hotel Investors had a return on equity of 1.44% and a net margin of 2.56%.The firm had revenue of $236.97 million during the quarter, compared to analyst estimates of $226.18 million. During the same period last year, the company earned $0.16 EPS. Sunstone Hotel Investors’s quarterly revenue was up 10.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. Equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 900.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHO. Wells Fargo & Company cut their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Truist Financial raised their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, March 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Robert W. Baird restated a “neutral” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Finally, LADENBURG THALM/SH SH began coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $10.00.

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.