Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 159,166 shares of the real estate investment trust's stock, valued at approximately $1,822,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Sunstone Hotel Investors as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of SHO. Kestra Advisory Services LLC acquired a new stake in Sunstone Hotel Investors during the fourth quarter worth about $26,000. North Star Investment Management Corp. acquired a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sunstone Hotel Investors by 27.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 1,135 shares during the period. FIL Ltd lifted its holdings in shares of Sunstone Hotel Investors by 57.2% during the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 3,280 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $88,000. Institutional investors own 99.37% of the company's stock.
Insider Activity at Sunstone Hotel Investors
In other news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the completion of the transaction, the insider directly owned 573,743 shares in the company, valued at approximately $6,666,893.66. This represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on SHO shares. JPMorgan Chase & Co. lifted their price objective on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Wells Fargo & Company upgraded Sunstone Hotel Investors to a "strong-buy" rating in a research note on Thursday, July 23rd. Weiss Ratings raised Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Wall Street Zen lowered Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Citigroup boosted their price target on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.67.
View Our Latest Stock Analysis on SHO
Sunstone Hotel Investors Trading Up 0.1%
SHO opened at $11.29 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 51.32, a PEG ratio of 2.67 and a beta of 0.97. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59. The company's 50 day moving average is $11.46 and its 200-day moving average is $10.36. Sunstone Hotel Investors, Inc. has a 1-year low of $8.69 and a 1-year high of $12.07.
Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $277.11 million during 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. Equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current fiscal year.
Sunstone Hotel Investors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.2%. Sunstone Hotel Investors's dividend payout ratio is 163.64%.
About Sunstone Hotel Investors
(
Free Report)
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.
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