Bank of New York Mellon Corp Buys Shares of 1,422,541 Sunstone Hotel Investors, Inc. $SHO

Key Points

• Bank of New York Mellon acquired 1,422,541 shares of Sunstone Hotel Investors in the second quarter, worth approximately $16.3 million and representing a 0.76% stake. Institutional investors collectively own 99.37% of the REIT.
• Sunstone reported quarterly EPS of $0.14, beating estimates of $0.08, while revenue reached $277.11 million versus the $266.67 million consensus. The company reaffirmed fiscal 2026 EPS guidance of $0.93–$0.98.
• The stock opened at $11.18, down 1.3%, while analysts maintain a consensus “Hold” rating with a $10.67 price target. Sunstone also announced a quarterly dividend of $0.09 per share, yielding about 3.2% annually.

Bank of New York Mellon Corp purchased a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,422,541 shares of the real estate investment trust's stock, valued at approximately $16,288,000. Bank of New York Mellon Corp owned 0.76% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SHO. Kestra Advisory Services LLC bought a new stake in Sunstone Hotel Investors in the 4th quarter valued at about $26,000. North Star Investment Management Corp. bought a new position in Sunstone Hotel Investors in the 1st quarter worth about $27,000. FIL Ltd increased its stake in shares of Sunstone Hotel Investors by 57.2% in the fourth quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 3,280 shares during the period. Cerity Partners LLC acquired a new stake in shares of Sunstone Hotel Investors in the second quarter valued at approximately $88,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at approximately $91,000. Institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Trading Down 1.3%

Sunstone Hotel Investors stock opened at $11.18 on Tuesday. Sunstone Hotel Investors, Inc. has a 12-month low of $8.69 and a 12-month high of $12.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market capitalization of $2.08 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 2.68 and a beta of 0.97. The firm has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $10.46.

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 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to analysts' expectations 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. As a group, equities research analysts expect that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.09 dividend. 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%.

Insider Buying and Selling 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 completion of the transaction, the insider 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SHO shares. Wells Fargo & Company upgraded Sunstone Hotel Investors to a "strong-buy" rating in a research report on Thursday, July 23rd. Wall Street Zen cut Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research downgraded Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Citigroup boosted their price target on 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, JPMorgan Chase & Co. increased their price target on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.67.

About Sunstone Hotel Investors

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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