M&T Bank Corp Buys Shares of 70,990 Sunstone Hotel Investors, Inc. $SHO

M&T Bank Corp bought a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,990 shares of the real estate investment trust’s stock, valued at approximately $635,000.

A number of other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in shares of Sunstone Hotel Investors by 62.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,876 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake 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 valued at $47,000 after purchasing an additional 1,135 shares during the period. Cerity Partners LLC bought a new stake in shares of Sunstone Hotel Investors during the 2nd quarter valued at about $88,000. CWM LLC grew its stake in shares of Sunstone Hotel Investors by 21.7% during the 3rd quarter. CWM LLC now owns 9,773 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 1,744 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Sunstone Hotel Investors by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,720 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $9.89 on Friday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $9.34 and a two-hundred day simple moving average of $9.23. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 247.19, a PEG ratio of 2.79 and a beta of 0.96. Sunstone Hotel Investors, Inc. has a 52 week low of $8.14 and a 52 week high of $10.27.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 27th. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $236.97 million during the quarter, compared to analysts’ expectations of $226.18 million. Sunstone Hotel Investors had a return on equity of 1.44% and a net margin of 2.56%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. On average, analysts expect that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.09 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.6%. Sunstone Hotel Investors’s dividend payout ratio is presently 900.00%.

Analyst Ratings Changes

A number of research firms have issued reports on SHO. Wells Fargo & Company cut their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Robert W. Baird restated a “neutral” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, January 21st. Truist Financial boosted their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, March 26th. Finally, Zacks Research upgraded Sunstone Hotel Investors from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.00.

Sunstone Hotel Investors Company 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.