Sunstone Hotel Investors, Inc. $SHO Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,067 shares of the real estate investment trust’s stock after selling 49,109 shares during the period. Public Employees Retirement System of Ohio owned about 0.27% of Sunstone Hotel Investors worth $4,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Sunstone Hotel Investors by 27.4% in 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 in the last quarter. California State Teachers Retirement System boosted its stake in shares of Sunstone Hotel Investors by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock valued at $1,550,000 after buying an additional 1,170 shares during the period. AQR Capital Management LLC grew its position in shares of Sunstone Hotel Investors by 1.6% during the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after buying an additional 1,307 shares in the last quarter. Barclays PLC grew its position in shares of Sunstone Hotel Investors by 0.7% during the fourth quarter. Barclays PLC now owns 308,643 shares of the real estate investment trust’s stock worth $2,759,000 after buying an additional 2,011 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Sunstone Hotel Investors by 3.0% during the second quarter. Daiwa Securities Group Inc. now owns 70,517 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 2,070 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert C. Springer sold 89,631 shares of the business’s stock in a transaction 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 $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $11.76 on Thursday. The stock has a 50 day moving average price of $11.44 and a 200 day moving average price of $10.11. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 106.91, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97. Sunstone Hotel Investors, Inc. has a 52-week low of $8.48 and a 52-week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The company had revenue of $259.71 million for the quarter, compared to analyst estimates of $244.29 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Research analysts predict that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 327.27%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHO. Weiss Ratings reiterated a “hold (c)” rating on shares of Sunstone Hotel Investors in a research note on Friday, July 10th. Wall Street Zen raised shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Zacks Research lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. 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 research report on Tuesday, July 21st. Finally, Citigroup boosted their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.