Legal & General Group Plc Boosts Stock Position in Sunstone Hotel Investors, Inc. $SHO

Legal & General Group Plc boosted its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,408,676 shares of the real estate investment trust’s stock after buying an additional 389,210 shares during the quarter. Legal & General Group Plc’s holdings in Sunstone Hotel Investors were worth $30,474,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SHO. Hantz Financial Services Inc. grew its holdings in shares of Sunstone Hotel Investors by 62.4% during the third quarter. Hantz Financial Services Inc. now owns 4,884 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,876 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Sunstone Hotel Investors by 27.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,135 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Sunstone Hotel Investors during the second quarter worth about $88,000. PNC Financial Services Group Inc. grew its holdings in shares of Sunstone Hotel Investors by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,720 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Sunstone Hotel Investors during the first quarter worth about $120,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

NYSE SHO opened at $10.82 on Friday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. Sunstone Hotel Investors, Inc. has a 52-week low of $8.43 and a 52-week high of $11.05. The business’s 50-day moving average price is $9.78 and its 200 day moving average price is $9.40. The firm has a market cap of $2.01 billion, a P/E ratio of 98.33, a P/E/G ratio of 2.53 and a beta of 0.96.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The firm had revenue of $259.71 million for the quarter, compared to analyst estimates of $244.30 million. During the same quarter last year, the company posted $0.21 earnings per share. The business’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. On average, equities research analysts expect that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.3%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 327.27%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SHO shares. LADENBURG THALM/SH SH started coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Truist Financial raised their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Finally, Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.