Public Employees Retirement System of Ohio Buys New Stake in Sunstone Hotel Investors, Inc. $SHO

Public Employees Retirement System of Ohio bought a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 2nd quarter, Holdings Channel reports. The firm bought 328,772 shares of the real estate investment trust’s stock, valued at approximately $3,764,000.

A number of other institutional investors also recently added to or reduced their stakes in SHO. California State Teachers Retirement System grew its stake in shares of Sunstone Hotel Investors by 0.7% in the second quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 1,170 shares in the last quarter. Royal Bank of Canada lifted its holdings in Sunstone Hotel Investors by 1.2% in the first quarter. Royal Bank of Canada now owns 103,294 shares of the real estate investment trust’s stock worth $931,000 after purchasing an additional 1,204 shares during the period. AQR Capital Management LLC lifted its holdings in Sunstone Hotel Investors by 1.6% in the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after purchasing an additional 1,307 shares during the period. Barclays PLC grew its position in Sunstone Hotel Investors by 0.7% in the 4th quarter. Barclays PLC now owns 308,643 shares of the real estate investment trust’s stock valued at $2,759,000 after buying an additional 2,011 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Sunstone Hotel Investors by 3.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 70,517 shares of the real estate investment trust’s stock valued at $612,000 after buying an additional 2,070 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SHO. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research cut Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.67.

Insider Activity at Sunstone Hotel Investors

In related news, insider Robert Springer sold 89,631 shares of the stock in a transaction that occurred on 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Sunstone Hotel Investors Trading Up 0.1%

Shares of SHO stock opened at $11.01 on Friday. The stock has a 50-day simple moving average of $11.35 and a 200 day simple moving average of $10.50. The stock has a market capitalization of $2.05 billion, a P/E ratio of 50.05, a P/E/G ratio of 2.60 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59.

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

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Sunstone Hotel Investors’s payout ratio is presently 163.64%.

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.