Legal & General Group Plc Acquires Shares of 2,891,965 Sunstone Hotel Investors, Inc. $SHO

Legal & General Group Plc bought a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,891,965 shares of the real estate investment trust’s stock, valued at approximately $33,113,000. Legal & General Group Plc owned approximately 1.56% of Sunstone Hotel Investors as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHO. Bank of America Corp DE boosted its position in shares of Sunstone Hotel Investors by 21.1% during the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock valued at $90,997,000 after buying an additional 1,757,965 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sunstone Hotel Investors in the second quarter worth approximately $1,822,000. Hsbc Holdings PLC lifted its stake in shares of Sunstone Hotel Investors by 23.1% during the 4th quarter. Hsbc Holdings PLC now owns 598,257 shares of the real estate investment trust’s stock worth $5,353,000 after acquiring an additional 112,332 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sunstone Hotel Investors by 130.7% during the 1st quarter. Renaissance Technologies LLC now owns 336,996 shares of the real estate investment trust’s stock worth $3,036,000 after acquiring an additional 190,944 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Sunstone Hotel Investors during the 2nd quarter valued at $16,769,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Insiders Place Their Bets

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction on 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 sale, the insider owned 573,743 shares of the company’s stock, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SHO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Citigroup upped their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $10.67.

Sunstone Hotel Investors Stock Performance

SHO stock opened at $11.36 on Friday. Sunstone Hotel Investors, Inc. has a 1-year low of $8.69 and a 1-year high of $12.07. The business has a 50-day moving average price of $11.41 and a 200 day moving average price of $10.44. The company has a market capitalization of $2.11 billion, a P/E ratio of 51.64, a PEG ratio of 2.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $277.11 million for 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 forecast that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.2%. Sunstone Hotel Investors’s payout ratio is 163.64%.

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.