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

Key Points

• Public Employees Retirement System of Ohio purchased 328,772 Sunstone Hotel Investors shares worth approximately $3.76 million, representing a 0.18% stake. Institutional investors collectively own 99.37% of the REIT.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $10.67 price target; recent actions included a Wells Fargo upgrade to “strong buy” and a JPMorgan price-target increase to $10 while maintaining an “underweight” rating.
• Sunstone exceeded quarterly expectations, reporting $0.14 EPS versus the $0.08 consensus and $277.11 million in revenue versus $266.67 million expected. The company declared a quarterly dividend of $0.09 per share, implying a 3.3% annualized yield.

Public Employees Retirement System of Ohio purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 328,772 shares of the real estate investment trust's stock, valued at approximately $3,764,000. Public Employees Retirement System of Ohio owned 0.18% of Sunstone Hotel Investors at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SHO. Kestra Advisory Services LLC acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at about $26,000. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors in the first quarter valued at about $27,000. FIL Ltd boosted its holdings in 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 last quarter. Cerity Partners LLC acquired a new stake in Sunstone Hotel Investors during the 2nd quarter valued at approximately $88,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Sunstone Hotel Investors during the 1st quarter valued at approximately $91,000. Institutional investors and hedge funds own 99.37% of the company's stock.

Insider Buying and Selling at Sunstone Hotel Investors

In related news, insider Robert Springer sold 89,631 shares of the stock in a transaction dated 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 $6,666,893.66. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SHO shares. Wells Fargo & Company raised Sunstone Hotel Investors to a "strong-buy" rating in a research report on Thursday, July 23rd. Zacks Research lowered shares of Sunstone Hotel Investors from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Weiss Ratings raised Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.67.

Sunstone Hotel Investors Stock Up 0.1%

Shares of Sunstone Hotel Investors stock opened at $11.01 on Friday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 2.60 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a twelve month low of $8.69 and a twelve month high of $12.07. 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 business's 50 day simple moving average is $11.35 and its 200-day simple moving average is $10.50.

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, beating analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $277.11 million during the quarter, compared to analyst estimates 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. Equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.3%. Sunstone Hotel Investors's dividend payout ratio is currently 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.

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