Louisiana State Employees Retirement System Invests $759,000 in Sunstone Hotel Investors, Inc. $SHO

Louisiana State Employees Retirement System bought a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the first quarter, Holdings Channel.com reports. The fund bought 84,200 shares of the real estate investment trust’s stock, valued at approximately $759,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. raised its position in Sunstone Hotel Investors by 27.4% during 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. FIL Ltd lifted its holdings in shares of Sunstone Hotel Investors by 57.2% in the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 3,280 shares during the period. Cerity Partners LLC purchased a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth $88,000. Finally, DRW Securities LLC bought a new position in shares of Sunstone Hotel Investors during the 4th quarter worth $104,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHO. LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price objective for the company. Citigroup raised their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial upped their price target on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Wells Fargo & Company increased their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Finally, Zacks Research raised shares of 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 and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Moderate Buy” and an average target price of $10.83.

Sunstone Hotel Investors Stock Down 0.6%

Shares of SHO stock traded down $0.07 during mid-day trading on Tuesday, hitting $11.12. 38,767 shares of the stock traded hands, compared to its average volume of 2,135,935. Sunstone Hotel Investors, Inc. has a 52-week low of $8.48 and a 52-week high of $12.07. The stock has a market cap of $2.07 billion, a P/E ratio of 100.75, a P/E/G ratio of 2.55 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick ratio of 3.42. The stock’s fifty day moving average is $10.96 and its two-hundred day moving average is $9.83.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $244.29 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Equities analysts predict that Sunstone Hotel Investors, Inc. will post 0.91 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Sunstone Hotel Investors’s payout ratio is 327.27%.

Insider Transactions at Sunstone Hotel Investors

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the 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 completion of the sale, the insider directly owned 573,743 shares in the company, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.