The Manufacturers Life Insurance Company Purchases Shares of 92,393 Sunstone Hotel Investors, Inc. $SHO

The Manufacturers Life Insurance Company acquired a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 92,393 shares of the real estate investment trust’s stock, valued at approximately $1,058,000.

Several other large investors have also modified their holdings of SHO. Kestra Advisory Services LLC acquired a new stake in shares of Sunstone Hotel Investors in the fourth quarter worth approximately $26,000. North Star Investment Management Corp. acquired a new position in Sunstone Hotel Investors during the first quarter worth approximately $27,000. FIL Ltd increased its position in Sunstone Hotel Investors by 57.2% during the fourth quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 3,280 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Sunstone Hotel Investors during the first quarter worth approximately $91,000. Finally, Cerity Partners LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth approximately $88,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHO. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.67.

Sunstone Hotel Investors Trading Up 0.6%

Shares of SHO stock opened at $11.08 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 50.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07. The firm’s 50 day moving average price is $11.34 and its two-hundred day moving average price is $10.50.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $277.11 million during the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

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

Insider Transactions at Sunstone Hotel Investors

In other Sunstone Hotel Investors news, insider Robert Springer sold 89,631 shares of the firm’s stock in a transaction dated 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 $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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.