The Manufacturers Life Insurance Company Buys Shares of 92,393 Sunstone Hotel Investors, Inc. $SHO

Key Points

• The Manufacturers Life Insurance Company acquired 92,393 Sunstone Hotel Investors shares in the second quarter, valued at approximately $1.06 million. Institutional investors collectively own 99.37% of SHO.
• Sunstone reported quarterly EPS of $0.14, beating expectations of $0.08, while revenue reached $277.11 million versus the $266.67 million consensus estimate.
• The company declared a quarterly dividend of $0.09 per share, equivalent to $0.36 annually and a 3.2% yield. Analyst sentiment remains mixed, with a consensus rating of Hold and a $10.67 price target.

The Manufacturers Life Insurance Company purchased a new stake 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 92,393 shares of the real estate investment trust's stock, valued at approximately $1,058,000.

Several other institutional investors have also modified their holdings of SHO. Kestra Advisory Services LLC acquired a new position in Sunstone Hotel Investors during the fourth quarter worth $26,000. North Star Investment Management Corp. acquired a new stake in Sunstone Hotel Investors in the first quarter valued at $27,000. FIL Ltd grew 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 purchased a new position in shares of Sunstone Hotel Investors in the second quarter valued at $88,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Sunstone Hotel Investors in the first quarter valued at $91,000. Hedge funds and other institutional investors own 99.37% of the company's stock.

Insider Transactions at Sunstone Hotel Investors

In other Sunstone Hotel Investors 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 completion of the sale, the insider directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Sunstone Hotel Investors Stock Up 0.6%

SHO opened at $11.08 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of 50.37, a PEG ratio of 2.60 and a beta of 0.97. The business's fifty day simple moving average is $11.34 and its 200 day simple moving average is $10.50. Sunstone Hotel Investors, Inc. has a 52 week low of $8.69 and a 52 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 - 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, beating 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 during the quarter, compared to the consensus estimate of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 dividend on an annualized basis and a yield of 3.2%. Sunstone Hotel Investors's dividend payout ratio (DPR) is 163.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SHO shares. Zacks Research lowered 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 downgraded shares of Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company raised shares of Sunstone Hotel Investors to a "strong-buy" rating in a research note on Thursday, July 23rd. 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.67.

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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