Jupiter Topco LLC Invests $1.07 Million in Sunstone Hotel Investors, Inc. $SHO

Jupiter Topco LLC acquired a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 93,188 shares of the real estate investment trust’s stock, valued at approximately $1,067,000.

Several other large investors also recently added to or reduced their stakes in SHO. Bank of America Corp DE boosted its stake in shares of Sunstone Hotel Investors by 21.1% during the 1st 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 acquiring an additional 1,757,965 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Sunstone Hotel Investors by 12.9% in the 4th quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust’s stock worth $30,474,000 after purchasing an additional 389,210 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $1,822,000. Hsbc Holdings PLC bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $4,183,000. Finally, Renaissance Technologies LLC lifted its position in Sunstone Hotel Investors by 130.7% during the first quarter. Renaissance Technologies LLC now owns 336,996 shares of the real estate investment trust’s stock valued at $3,036,000 after purchasing an additional 190,944 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Trading Up 0.6%

Shares of Sunstone Hotel Investors stock opened at $11.08 on Friday. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market capitalization of $2.06 billion, a P/E ratio of 50.37, a P/E/G ratio of 2.62 and a beta of 0.97. The company has a fifty day moving average of $11.34 and a 200 day moving average of $10.50.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly 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. The business had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm 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. 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 currently 163.64%.

Insiders Place Their Bets

In other Sunstone Hotel Investors news, insider Robert Springer sold 89,631 shares of the company’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 completion of the transaction, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

SHO has been the subject of several recent research reports. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised their price objective on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Thursday, July 23rd. Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.67.

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.