Bank of America Corp DE Purchases Shares of 6,207,364 Sunstone Hotel Investors, Inc. $SHO

Key Points

• Bank of America acquired 6.21 million Sunstone Hotel Investors shares in the second quarter, worth approximately $71.1 million and representing a 3.34% stake. Institutional investors collectively own 99.37% of SHO.
• Sunstone reported quarterly EPS of $0.14, exceeding the $0.08 analyst consensus, while revenue reached $277.1 million versus expectations of $266.7 million. The company issued fiscal 2026 EPS guidance of $0.93–$0.98.
• Shares recently traded at $11.02, and the company declared a quarterly dividend of $0.09 per share, equating to a 3.3% annualized yield. Analysts maintain a consensus “Hold” rating with an $11.00 price target.

Bank of America Corp DE purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 6,207,364 shares of the real estate investment trust's stock, valued at approximately $71,074,000. Bank of America Corp DE owned 3.34% of Sunstone Hotel Investors at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Man Group plc acquired a new stake in Sunstone Hotel Investors in the second quarter worth $310,000. Jupiter Topco LLC bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth about $1,067,000. Hsbc Holdings PLC acquired a new stake in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $4,183,000. Canada Pension Plan Investment Board bought a new stake in Sunstone Hotel Investors in the 2nd quarter valued at about $1,112,000. Finally, Legal & General Group Plc bought a new stake in Sunstone Hotel Investors in the 2nd quarter valued at about $33,113,000. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock opened at $11.02 on Friday. Sunstone Hotel Investors, Inc. has a 52 week low of $8.69 and a 52 week high of $12.07. The company's 50 day moving average price is $11.28 and its two-hundred day moving average price is $10.62. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.05 billion, a P/E ratio of 50.11, a P/E/G ratio of 2.61 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to the consensus estimate of $266.67 million. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, equities 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 given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors's dividend payout ratio is currently 163.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company a "hold" rating in a research note on Thursday, September 10th. Weiss Ratings raised shares of Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Zacks Research downgraded shares of Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. 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. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a "strong-buy" rating in a report on Thursday, July 23rd. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $11.00.

Insider Activity

In related news, insider Robert Springer sold 89,631 shares of Sunstone Hotel Investors stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value of $1,041,512.22. Following the sale, the insider owned 573,743 shares of the company's stock, valued at approximately $6,666,893.66. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a real estate investment trust that owns and invests in luxury and upper-upscale hotels in the United States. The company focuses on acquiring, renovating, repositioning and managing a portfolio of full-service lodging properties located primarily in high-demand, coastal and urban gateway markets.

Sunstone's hotels serve business and leisure travelers and typically offer accommodations, restaurants and bars, meeting and event facilities, and other hospitality amenities.

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