159,166 Shares in Sunstone Hotel Investors, Inc. $SHO Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the second quarter, Holdings Channel reports. The fund bought 159,166 shares of the real estate investment trust’s stock, valued at approximately $1,822,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Sunstone Hotel Investors by 4.9% during the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock valued at $106,784,000 after acquiring an additional 571,619 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Sunstone Hotel Investors by 21.1% in the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after purchasing an additional 1,757,965 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Sunstone Hotel Investors by 86.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock worth $48,006,000 after purchasing an additional 2,495,914 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Sunstone Hotel Investors in the second quarter valued at $41,332,000. Finally, Woodline Partners LP acquired a new stake in Sunstone Hotel Investors in the third quarter valued at $44,295,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

SHO stock opened at $11.29 on Friday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 51.32, a PEG ratio of 2.67 and a beta of 0.97. The company’s fifty day simple moving average is $11.46 and its 200 day simple moving average is $10.36. Sunstone Hotel Investors, Inc. has a 12-month low of $8.69 and a 12-month high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.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. On average, analysts expect that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

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

Insiders Place Their Bets

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

SHO has been the topic of several recent research reports. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” 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 note on Tuesday, August 11th. Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Citigroup lifted their price objective on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.67.

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.