SHO Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares
$11.16
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$9–$12
73% of range
Analyst Rating
HOLD
16 analysts
Price Target
$12
+6% upside
P/E (TTM)
279.0
ROE
1.2%
Net Profit Margin
2.6%
SHO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.16
Market Cap
$2.12B
P/E (TTM)
279.0
EPS (TTM)
$0.04
Revenue (TTM)
$960M
Div Yield
4.1%
ROE
1.2%
Debt/Equity
—
52W Range
$9 – $12
SHO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$960M
2016-12-31
→
2025-12-31
EPS
$0.04
2020-12-31
→
2025-12-31
Free Cash Flow
—
Margins
2.6%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SHO
Peer Median
P/E (TTM)
279.0
27.1
P/S (TTM)
2.2
2.0
P/B
1.1
0.9
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SHO
Peer Median
Net Profit Margin
2.6%
2.8%
ROA
0.80%
0.89%
ROE
1.2%
1.5%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SHO
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SHO
Peer Median
Revenue YoY
6.0%
—
Revenue CAGR 3Y
1.7%
—
Revenue CAGR 5Y
29.1%
—
EPS YoY
-71.4%
—
Net Income YoY
-43.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SHO
Peer Median
Payout Ratio
351.7%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
4.1%
Payout Ratio
351.7%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.0900 |
| March 31, 2026 | $0.0900 |
| Dec. 31, 2025 | $0.0900 |
| Sept. 30, 2025 | $0.0900 |
| June 30, 2025 | $0.0900 |
| March 31, 2025 | $0.0900 |
| Dec. 31, 2024 | $0.0900 |
| Sept. 30, 2024 | $0.0900 |
| June 28, 2024 | $0.0900 |
| March 27, 2024 | $0.0700 |
| Dec. 28, 2023 | $0.1300 |
| Sept. 28, 2023 | $0.0700 |
| June 29, 2023 | $0.0500 |
| March 30, 2023 | $0.0500 |
| Dec. 29, 2022 | $0.0500 |
| Sept. 29, 2022 | $0.0500 |
| March 30, 2020 | $0.0500 |
| Dec. 30, 2019 | $0.5900 |
| Sept. 27, 2019 | $0.0500 |
| June 27, 2019 | $0.0500 |
SHO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 3 18.8%
- Buy 4 25.0%
- Hold 8 50.0%
- Sell 1 6.2%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-15
Median
$12.00
Now
$11.16
Low
$10.00
High
$13.00
Median target
$12.00
+7.5%
Mean target
$11.79
+5.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.14 | $0.09 | 0.05% |
| March 31, 2026 | $0.08 | $0.04 | 0.04% |
| Dec. 31, 2025 | $0.02 | $-0.02 | 0.04% |
| Sept. 30, 2025 | $-0.02 | $-0.03 | 0.01% |
| June 30, 2025 | $0.03 | $0.09 | -0.06% |
| March 31, 2025 | $0.01 | $0.00 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SHO | $1.70B | 223.5 | 6.0% | 2.6% | 1.2% | — |
| RHP | $5.96B | 25.1 | 10.2% | 9.4% | 37.5% | — |
| APLE | $2.79B | 16.0 | -1.3% | 12.4% | 5.5% | — |
| PK | $2.09B | -7.3 | -2.2% | -11.1% | -8.3% | — |
| DRH | $1.83B | 20.4 | -0.83% | 9.0% | 6.7% | — |
| PEB | $1.28B | -12.6 | 1.5% | -4.5% | -2.5% | — |
| XHR | $1.30B | 22.1 | 3.8% | 5.9% | 5.3% | — |
| RLJ | $1.13B | 745.0 | -1.4% | 2.1% | 1.3% | — |
| SVC | $309M | -1.5 | -4.3% | -11.2% | -30.1% | — |
| INN | $530M | -22.1 | -0.32% | -1.6% | -1.3% | — |
| CLDT | $325M | 48.6 | -7.0% | 5.1% | 2.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $960M | $906M | $986M | $912M | $509M | $268M | $1.12B | $1.16B | $1.19B | $1.19B | |
| SG&A Expense | $32M | $29M | $31M | $35M | $40M | $28M | $30M | $30M | $29M | $26M | |
| Operating Expenses | $884M | $827M | $868M | $816M | $597M | $662M | $978M | $977M | $1.05B | $1.02B | |
| Operating Income | · | · | · | · | · | · | · | $299M | $186M | $189M | |
| Interest Expense | · | · | $52M | $32M | $31M | $53M | $54M | $48M | $52M | $50M | |
| Other Non-op | $11M | $13M | $11M | $5M | $-343.0K | $3M | $17M | · | · | · | |
| Pretax Income | $25M | $42M | $211M | $91M | $33M | $-404M | $143M | $261M | $138M | $140M | |
| Income Tax | $216.0K | $-1M | $5M | $359.0K | $109.0K | $7M | $-151.0K | $2M | $-8M | $-616.0K | |
| Net Income | $25M | $43M | $207M | $91M | $33M | $-411M | $143M | $259M | $153M | $141M | |
| EPS (Basic) | $0.04 | $0.14 | $0.93 | $0.34 | $0.06 | $-1.93 | · | · | · | · | |
| EPS (Diluted) | $0.04 | $0.14 | $0.93 | $0.34 | $0.06 | $-1.93 | · | · | · | · | |
| Shares (Basic) | 193,613,000 | 201,739,000 | 205,590,000 | 212,613,000 | 216,296,000 | 215,934,000 | · | · | · | · | |
| Shares (Diluted) | 194,316,000 | 202,642,000 | 205,865,000 | 212,653,000 | 216,296,000 | 215,934,000 | · | · | · | · | |
| EBITDA | · | · | · | · | · | · | · | $299M | $141M | $170M |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $109M | $107M | $426M | $101M | $120M | $368M | $817M | $809M | $488M | $370M | |
| Receivables | · | · | · | $42M | $29M | $9M | $35M | $34M | $34M | $39M | |
| Inventory | · | · | · | · | · | · | · | $1M | $1M | $1M | |
| Prepaid Expense | · | · | · | $15M | $14M | $10M | $14M | $12M | $10M | $10M | |
| Current Assets | · | · | · | $214M | $282M | $435M | $914M | $908M | $728M | $568M | |
| PP&E (Net) | $2M | $2M | $3M | $4M | $6M | $7M | $8M | $8M | $584.0K | $779.0K | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | $11M | |
| Accum. Depreciation | · | · | · | · | · | · | $11M | · | · | $10M | |
| Goodwill | · | · | · | · | · | · | · | $990.0K | $990.0K | $990.0K | |
| Other Non-current Assets | · | · | · | $8M | $13M | $12M | $22M | $30M | $22M | $9M | |
| Total Assets | $3.03B | $3.11B | $3.15B | $3.08B | $3.04B | $2.99B | $3.92B | $3.97B | $3.86B | $3.74B | |
| Accounts Payable | · | · | · | $57M | $48M | · | · | · | · | · | |
| Short-term Debt | · | · | · | $222M | $21M | $3M | $84M | $8M | $7M | $186M | |
| Current Liabilities | · | · | · | $381M | $176M | $91M | $326M | $233M | $243M | $409M | |
| Capital Leases | · | · | · | $14M | $25M | $30M | $50M | $27M | $27M | $16M | |
| Other Non-current Liabilities | · | · | · | $12M | $12M | $17M | $18M | $31M | $29M | $37M | |
| Total Liabilities | $1.08B | $1.00B | $983M | $998M | $801M | $896M | $1.30B | $1.26B | $1.28B | $1.21B | |
| Long-term Debt | $918M | $841M | $815M | $813M | $611M | $748M | $975M | $983M | $990M | $936M | |
| Total Debt | · | · | · | $1.03B | $631M | $748M | $1.06B | $985M | $990M | $1.12B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Paid-in Capital | $2.30B | $2.40B | $2.42B | $2.47B | $2.63B | $2.59B | $2.68B | $2.73B | $2.68B | $2.60B | |
| Retained Earnings | · | · | · | $1.04B | $948M | $914M | $1.32B | $1.18B | $932M | $787M | |
| Stockholders' Equity | $1.94B | $2.10B | $2.17B | $2.08B | $2.20B | $2.05B | $2.57B | $2.66B | $2.53B | $2.48B | |
| Liabilities + Equity | $3.03B | $3.11B | $3.15B | $3.08B | $3.04B | $2.99B | $3.92B | $3.97B | $3.86B | $3.74B | |
| Shares Outstanding | 189,709,516 | 200,824,993 | 203,479,585 | 209,320,447 | 219,333,783 | 215,593,401 | 224,855,351 | 228,246,247 | 225,321,660 | 220,073,140 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $135M | $125M | $127M | $126M | $129M | $137M | $148M | $146M | $159M | $163M | |
| Stock-based Comp | $9M | $10M | $11M | $11M | $13M | $10M | $9M | $9M | $8M | $7M | |
| Deferred Tax | · | · | · | · | · | $-7M | $-688.0K | $-1M | $9M | $0 | |
| Amort. of Intangibles | $2M | $1M | $464.0K | $492.0K | $63.0K | $41.0K | $79.0K | $2M | $3M | $4M | |
| Operating Cash Flow | $182M | $170M | $198M | $209M | $28M | $-117M | $291M | $305M | $307M | $288M | |
| Investing Cash Flow | $-49M | $-386M | $258M | $-166M | $-240M | $114M | $-47M | $156M | $-139M | $-143M | |
| Stock Issued | · | · | · | · | $38M | · | · | $45M | $79M | $55M | |
| Stock Repurchased | $103M | $27M | $56M | $108M | · | $104M | $50M | · | · | · | |
| Net Stock Activity | $-103M | $-27M | $-56M | $-108M | $38M | $-104M | $-50M | $45M | $79M | $55M | |
| Dividends Paid | $86M | $91M | $60M | $25M | $14M | $156M | $170M | $178M | $163M | · | |
| Financing Cash Flow | $-128M | $-98M | $-120M | $-49M | $-42M | $-446M | $-241M | $-159M | $-46M | $-283M | |
| Net Change in Cash | $5M | $-313M | $336M | $-6M | $-253M | $-449M | $3M | $303M | $122M | $-138M | |
| Taxes Paid | $-1M | $3M | $2M | $709.0K | $35.0K | $-996.0K | $-395.0K | $693.0K | $1M | $1M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | 25.8% | · | · | |
| Net Margin | 2.6% | 4.8% | 20.9% | 10.0% | 6.5% | -153.2% | 12.8% | 22.4% | · | · | |
| Pretax Margin | 2.6% | 4.7% | 21.4% | 10.0% | 6.5% | -150.8% | 12.8% | 22.5% | · | · | |
| EBITDA Margin | · | · | · | · | · | · | · | 25.8% | · | · | |
| ROA | 0.80% | 1.4% | 6.6% | 3.0% | 1.1% | -11.9% | 3.6% | 6.6% | 4.0% | 3.7% | |
| ROE | 1.2% | 2.0% | 9.7% | 4.2% | 1.6% | -17.8% | 5.5% | 10.0% | 6.1% | 5.9% | |
| ROIC | · | · | · | · | · | · | · | 8.1% | 4.2% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | · | 0.6 | 1.6 | 4.8 | 2.8 | 3.9 | 3.0 | 1.4 | |
| Quick Ratio | · | · | · | 0.4 | 0.8 | 4.2 | 2.6 | 3.6 | 2.2 | 1.0 | |
| Debt / Equity | · | · | · | 0.5 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | |
| LT Debt / Equity | · | · | · | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | |
| Interest Coverage | · | · | · | · | · | · | · | 6.3 | 2.7 | 3.4 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | 0.3 | 0.3 | · | · | |
| Receivables Turnover | · | · | · | 25.8 | 27.3 | 12.2 | 32.3 | 34.1 | · | · |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 6.0% | -8.2% | 8.2% | 79.1% | 90.0% | · | · | · | · | · | |
| Revenue CAGR 3Y | 1.7% | 21.2% | 54.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 29.1% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -71.4% | -85.0% | 173.5% | 466.7% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -51.0% | 32.6% | · | · | · | · | · | · | · | · | |
| Net Income YoY | -43.2% | -79.1% | 127.7% | 175.1% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -35.3% | 9.4% | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -11.2% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $960M | $906M | $986M | $912M | $509M | $268M | $1.12B | $1.16B | $1.19B | $1.19B | |
| Net Income TTM | $25M | $43M | $207M | $91M | $33M | $-411M | $143M | $259M | $153M | $141M | |
| Market Cap | $1.70B | $2.38B | $2.18B | $2.02B | $2.57B | $2.44B | $3.13B | $2.97B | $3.72B | $3.36B | |
| Enterprise Value | · | · | · | $2.96B | $3.08B | $2.82B | $3.37B | $3.15B | $4.23B | $4.10B | |
| P/E | 223.5 | 84.6 | 11.5 | 28.4 | 195.5 | -5.9 | 174.0 | 162.6 | 206.6 | 190.6 | |
| P/S | 1.8 | 2.6 | 2.2 | 2.2 | 5.1 | 9.1 | 2.8 | 2.6 | 3.1 | 2.8 | |
| P/B | 0.9 | 1.1 | 1.0 | 1.0 | 1.2 | 1.2 | 1.2 | 1.1 | 1.5 | 1.4 | |
| P / Tangible Book | 0.9 | 1.1 | 1.0 | 1.0 | 1.2 | 1.2 | · | · | · | · | |
| P / Cash Flow | 9.3 | 14.0 | 11.0 | 9.7 | 90.7 | -20.9 | 10.8 | 9.7 | 12.0 | 11.0 | |
| EV / EBITDA | · | · | · | · | · | · | · | 10.5 | 30.0 | 24.1 | |
| EV / Revenue | · | · | · | 3.2 | 6.1 | 10.5 | 3.0 | 2.7 | 3.5 | 3.5 | |
| Dividend Yield | 5.1% | 3.8% | 2.7% | 1.2% | 0.53% | 6.4% | 5.4% | 6.0% | 4.4% | · | |
| Earnings Yield | 0.45% | 1.2% | 8.7% | 3.5% | 0.51% | -17.0% | 0.57% | 0.61% | 0.48% | 0.52% | |
| Payout Ratio | 351.7% | 210.3% | 28.9% | 27.4% | 41.5% | -38.1% | 119.2% | · | · | · | |
| Annual Payout | $86M | $91M | $60M | $25M | $14M | $156M | $170M | $178M | $163M | · |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $277M | $260M | $237M | $229M | $260M | $234M | $215M | $226M | $247M | $217M | $219M | $248M | $276M | $243M | $244M | $244M | |
| SG&A Expense | $9M | $7M | $7M | $7M | $8M | $9M | $6M | $8M | $8M | $8M | $7M | $7M | $8M | $8M | $8M | $8M | |
| Operating Expenses | $243M | $231M | $220M | $217M | $229M | $218M | $205M | $210M | $212M | $200M | $201M | $221M | $228M | $219M | $215M | $214M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $11M | · | $12M | $9M | $14M | · | $9M | |
| Other Non-op | $4M | $2M | $4M | $3M | $2M | $2M | $2M | $2M | $4M | $5M | · | · | · | · | $476.0K | $270.0K | |
| Pretax Income | $26M | $19M | $7M | $1M | $11M | $5M | $819.0K | $3M | $26M | $12M | $130M | $16M | $44M | $21M | $18M | $20M | |
| Income Tax | · | · | · | · | · | · | · | · | $255.0K | $-855.0K | $3M | $602.0K | $803.0K | $358.0K | $485.0K | $-290.0K | |
| Net Income | $26M | $19M | $7M | $1M | $11M | $5M | $836.0K | $3M | $26M | $13M | $127M | $16M | $43M | $21M | $17M | $20M | |
| EPS (Basic) | $0.14 | $0.08 | $0.02 | $-0.02 | $0.03 | $0.01 | $-0.02 | $0.00 | $0.11 | $0.05 | $0.60 | $0.06 | $0.19 | $0.08 | $0.06 | $0.08 | |
| EPS (Diluted) | $0.14 | $0.08 | $0.02 | $-0.02 | $0.03 | $0.01 | $-0.02 | $0.00 | $0.11 | $0.05 | $0.60 | $0.06 | $0.19 | $0.08 | $0.06 | $0.08 | |
| Shares (Basic) | 185,333,000 | 188,361,000 | -391,841,000 | 189,253,000 | 195,791,000 | 200,410,000 | -405,052,000 | 201,402,000 | 202,758,000 | 202,631,000 | -413,196,000 | 205,570,000 | 206,181,000 | 207,035,000 | -428,851,000 | 211,010,000 | |
| Shares (Diluted) | 185,550,000 | 188,668,000 | -392,685,000 | 189,253,000 | 196,304,000 | 201,444,000 | -405,173,000 | 201,402,000 | 203,455,000 | 202,958,000 | -414,027,000 | 205,782,000 | 206,828,000 | 207,282,000 | -429,090,000 | 211,289,000 |
Balance Sheet 21
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $94M | $91M | $109M | $121M | $74M | $72M | $107M | $116M | $159M | $401M | $426M | $114M | $108M | $96M | $101M | $118M | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | $48M | $42M | · | $46M | |
| Prepaid Expense | · | · | · | · | · | · | · | · | · | · | · | · | $15M | $21M | · | $14M | |
| Current Assets | · | · | · | · | · | · | · | · | · | · | · | · | $227M | $208M | · | $228M | |
| PP&E (Net) | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | · | $3M | $4M | $4M | · | $5M | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | · | · | · | $9M | $8M | · | $9M | |
| Total Assets | $3.03B | $3.01B | $3.03B | $3.05B | $3.01B | $3.10B | $3.11B | $3.12B | $3.15B | $3.14B | · | $3.09B | $3.09B | $3.07B | · | $3.11B | |
| Accounts Payable | · | · | · | · | · | · | · | · | · | · | · | · | $45M | $53M | · | $61M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | $2M | $222M | · | $2M | |
| Current Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | $147M | $381M | · | $168M | |
| Capital Leases | · | · | · | · | · | · | · | · | · | · | · | · | $14M | $15M | · | $18M | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | $11M | $14M | · | $10M | |
| Total Liabilities | $1.15B | $1.11B | $1.08B | $1.09B | $1.03B | $1.02B | $1.00B | $992M | $985M | $981M | · | $1.00B | $985M | $1.00B | · | $1.01B | |
| Long-term Debt | $968M | $943M | $918M | $917M | $869M | $842M | $841M | $814M | $814M | $814M | · | · | $815M | $812M | · | $813M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | · | $817M | $1.03B | · | $815M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Paid-in Capital | $2.26B | $2.27B | $2.30B | $2.30B | $2.30B | $2.39B | $2.40B | $2.39B | $2.42B | $2.42B | · | $2.43B | $2.45B | $2.45B | · | $2.49B | |
| Retained Earnings | · | · | · | · | · | · | · | · | · | · | · | · | $1.10B | $1.06B | · | $1.02B | |
| Stockholders' Equity | $1.88B | $1.90B | $1.94B | $1.96B | $1.98B | $2.08B | $2.10B | $2.12B | $2.16B | $2.16B | · | $2.09B | $2.10B | $2.07B | · | $2.10B | |
| Liabilities + Equity | $3.03B | $3.01B | $3.03B | $3.05B | $3.01B | $3.10B | $3.11B | $3.12B | $3.15B | $3.14B | · | $3.09B | $3.09B | $3.07B | · | $3.11B | |
| Shares Outstanding | 185,944,329 | 186,967,315 | 189,709,516 | 189,911,794 | 190,170,664 | 200,369,510 | 200,824,993 | 200,919,457 | 203,390,392 | 203,674,398 | · | 205,623,316 | 207,184,691 | 207,410,059 | · | 211,570,211 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $34M | $34M | $34M | $34M | $34M | $32M | $33M | $32M | $31M | $29M | $29M | $33M | $32M | $32M | $32M | $32M | |
| Stock-based Comp | $4M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | |
| Amort. of Intangibles | $379.0K | $379.0K | $379.0K | $379.0K | $380.0K | $381.0K | $378.0K | $381.0K | $340.0K | $258.0K | $132.0K | $109.0K | $113.0K | $110.0K | $105.0K | $169.0K | |
| Operating Cash Flow | $62M | $45M | $37M | $54M | $59M | $32M | $30M | $47M | $55M | $38M | $29M | $62M | $60M | $47M | $60M | $59M | |
| Investing Cash Flow | $3M | $-27M | $-25M | $-18M | $-34M | $-28M | $-47M | $-41M | $-270M | $28M | $318M | $-11M | $-27M | $-22M | $-31M | $-35M | |
| Stock Repurchased | $11M | $29M | $2M | $2M | $90M | $8M | $944.0K | $23M | · | · | $21M | $14M | $3M | $19M | $22M | $9M | |
| Net Stock Activity | · | $-29M | · | · | · | $-8M | · | · | · | · | · | · | · | $-19M | · | · | |
| Dividends Paid | $20M | $23M | $20M | $22M | $21M | $23M | $21M | $22M | $17M | $30M | $18M | $15M | $14M | $14M | $14M | $4M | |
| Financing Cash Flow | $-28M | $-38M | $-23M | $16M | $-85M | $-35M | $4M | $-47M | $-22M | $-34M | $-39M | $-29M | $-15M | $-36M | $-39M | $-9M | |
| Net Change in Cash | $37M | $-19M | $-12M | $53M | $-67M | $-31M | $-12M | $-41M | $-237M | $23M | $309M | $21M | $18M | $-12M | $-11M | $15M | |
| Taxes Paid | $73.0K | $70.0K | $-175.0K | $-1M | $122.0K | $-145.0K | $-336.0K | $85.0K | $254.0K | $3M | $459.0K | $2M | $1M | $40.0K | $927.0K | $-84.0K |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 9.4% | 7.1% | · | 0.58% | 4.2% | 2.2% | · | 1.4% | 10.6% | 6.0% | · | 6.3% | 15.6% | 8.7% | · | 8.4% | |
| Pretax Margin | 9.5% | 7.2% | · | 0.64% | 4.2% | 2.3% | · | 1.2% | 10.7% | 5.6% | · | 6.5% | 15.9% | 8.8% | · | 8.3% | |
| ROA | 0.86% | 0.61% | · | 0.04% | 0.35% | 0.17% | · | 0.10% | 0.84% | 0.42% | · | 0.50% | 1.4% | 0.70% | · | 0.67% | |
| ROE | 1.4% | 0.93% | · | 0.06% | 0.52% | 0.25% | · | 0.15% | 1.2% | 0.62% | · | 0.74% | 2.1% | 1.0% | · | 0.98% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | · | · | · | · | · | · | · | · | · | · | 1.5 | 0.5 | · | 1.4 | |
| Quick Ratio | · | · | · | · | · | · | · | · | · | · | · | · | 1.1 | 0.4 | · | 1.0 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | 0.4 | 0.5 | · | 0.4 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | 0.4 | 0.3 | · | 0.4 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | 6.1 | 6.3 | · | 6.6 |
Valuation (TTM) 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.03B | $983M | · | $950M | $968M | $925M | · | $939M | $988M | $984M | · | $1.01B | $1.02B | $911M | · | $835M | |
| Net Income TTM | $57M | $36M | · | $21M | $45M | $48M | · | $58M | $98M | $93M | · | $100M | $122M | $94M | · | $51M | |
| Market Cap | $2.13B | $1.68B | · | $1.78B | $1.65B | $1.89B | · | $2.07B | $2.13B | $2.27B | · | $1.92B | $2.10B | $2.05B | · | $1.99B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | $2.81B | $2.99B | · | $2.69B | |
| P/E | 49.8 | 90.1 | · | 468.5 | 57.9 | 55.4 | · | 46.9 | 25.5 | 29.3 | · | 22.8 | 20.2 | 27.4 | · | 62.8 | |
| P/S | 2.1 | 1.7 | · | 1.9 | 1.7 | 2.0 | · | 2.2 | 2.2 | 2.3 | · | 1.9 | 2.1 | 2.2 | · | 2.4 | |
| P/B | 1.1 | 0.9 | · | 0.9 | 0.8 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 0.9 | 1.0 | 1.0 | · | 0.9 | |
| P / Tangible Book | 1.1 | 0.9 | · | 0.9 | 0.8 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 0.9 | 1.0 | 1.0 | · | 0.9 | |
| P / Cash Flow | · | 37.1 | · | · | · | 58.9 | · | · | · | 59.0 | · | · | · | 43.4 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | 2.8 | 3.3 | · | 3.2 | |
| Earnings Yield | 2.0% | 1.1% | · | 0.21% | 1.7% | 1.8% | · | 2.1% | 3.9% | 3.4% | · | 4.4% | 4.9% | 3.6% | · | 1.6% | |
| Payout Ratio | · | 122.4% | · | · | · | 439.7% | · | · | · | 228.4% | · | · | · | 66.3% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $960M | $906M | $986M | $912M | $509M |
| Net Income | $25M | $43M | $207M | $91M | $33M |
| Diluted EPS | $0.04 | $0.14 | $0.93 | $0.34 | $0.06 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.5 | 0.3 |
| Current Ratio | — | — | — | 0.6 | 1.6 |
| Quick Ratio | — | — | — | 0.4 | 0.8 |
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Institutional owners (13F) 283 filers · $1.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 54 (+22 vs prior Q) | 19 (-6 vs prior Q) | 75 (-19 vs prior Q) | 95 (+27 vs prior Q) | +34.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $225,972,048 | 19,735,550 | 16.41% | Shares |
| STATE STREET CORP | $123,923,940 | 10,740,243 | 9.00% | Shares |
| Blackstone Inc. | $98,241,000 | 8,580,000 | 7.13% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $95,699,237 | 8,358,012 | 6.95% | Shares |
| Woodline Partners LP | $52,951,590 | 4,624,593 | 3.85% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $51,468,984 | 4,494,140 | 3.74% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $48,257,056 | 4,214,590 | 3.50% | Shares |
| BANK OF AMERICA CORP /DE/ | $47,521,348 | 4,150,336 | 3.45% | Shares |
| CITADEL ADVISORS LLC | $42,213,768 | 3,686,792 | 3.07% | Shares |
| Qube Research & Technologies Ltd | $35,667,884 | 3,115,099 | 2.59% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $35,495,000 | 3,100,000 | 2.58% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $30,394,048 | 2,654,502 | 2.21% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $28,934,161 | 2,527,001 | 2.10% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $27,133,512 | 2,369,739 | 1.97% | Shares |
| Tributary Capital Management, LLC | $19,674,753 | 1,718,319 | 1.43% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $16,769,349 | 1,464,572 | 1.22% | Shares |
| Fisher Asset Management, LLC | $15,723,849 | 1,373,262 | 1.14% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $14,827,739 | 1,294,999 | 1.08% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $14,471,037 | 1,263,846 | 1.05% | Shares |
| MILLENNIUM MANAGEMENT LLC | $14,361,472 | 1,254,277 | 1.04% | Shares |
| Balyasny Asset Management L.P. | $13,534,335 | 1,182,038 | 0.98% | Shares |
| NORGES BANK | $12,126,008 | 1,059,040 | 0.88% | Shares |
| Public Sector Pension Investment Board | $10,884,565 | 950,617 | 0.79% | Shares |
| Bank of New York Mellon Corp | $10,492,024 | 916,334 | 0.76% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $10,263,906 | 896,411 | 0.75% | Shares |
| Davis Selected Advisers | $9,962,874 | 870,120 | 0.72% | Shares |
| FMR LLC | $9,420,705 | 822,769 | 0.68% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $8,784,864 | 767,237 | 0.64% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $8,428,299 | 736,096 | 0.61% | Shares |
| AMERIPRISE FINANCIAL INC | $8,352,479 | 729,371 | 0.61% | Shares |
| GOLDMAN SACHS GROUP INC | $7,653,432 | 668,422 | 0.56% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $7,492,662 | 654,381 | 0.54% | Shares |
| Sophron Capital Management L.P. | $6,250,234 | 545,872 | 0.45% | Shares |
| TWO SIGMA INVESTMENTS, LP | $5,826,000 | 508,821 | 0.42% | Shares |
| RHUMBLINE ADVISERS | $5,663,091 | 494,591 | 0.41% | Shares |
| Tarsadia Capital, LLC | $5,635,508 | 598,885 | 0.41% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $5,522,427 | 482,308 | 0.40% | Shares |
| Daiwa Securities Group Inc. | $5,252,023 | 458,692 | 0.38% | Shares |
| Nuveen, LLC | $5,041,469 | 440,303 | 0.37% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $4,980,615 | 434,988 | 0.36% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,894,852 | 427,498 | 0.36% | Shares |
| Lighthouse Investment Partners, LLC | $4,784,612 | 417,870 | 0.35% | Shares |
| BlackRock, Inc. | $4,729,182 | 413,029 | 0.34% | Shares |
| Swiss National Bank | $4,128,286 | 360,549 | 0.30% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $3,764,439 | 328,772 | 0.27% | Shares |
| FIRST TRUST ADVISORS LP | $3,699,231 | 323,077 | 0.27% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $3,511,715 | 306,700 | 0.26% | Shares |
| Y-Intercept (Hong Kong) Ltd | $3,477,434 | 303,706 | 0.25% | Shares |
| Point72 Asset Management, L.P. | $3,474,766 | 303,473 | 0.25% | Shares |
| HSBC HOLDINGS PLC | $3,463,339 | 302,475 | 0.25% | Shares |
| Allianz Asset Management GmbH | $3,368,315 | 294,176 | 0.24% | Shares |
| Legal & General Group Plc | $3,265,793 | 285,222 | 0.24% | Shares |
| MACQUARIE GROUP LTD | $3,208,267 | 280,198 | 0.23% | Shares |
| SummitTX Capital, L.P. | $3,167,517 | 276,639 | 0.23% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $3,088,649 | 269,751 | 0.22% | Shares |
| Engineers Gate Manager LP | $2,809,189 | 245,344 | 0.20% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,729,268 | 238,364 | 0.20% | Shares |
| CITIGROUP INC | $2,641,389 | 230,689 | 0.19% | Shares |
| JPMORGAN CHASE & CO | $2,614,020 | 224,187 | 0.19% | Shares |
| Asset Management One Co., Ltd. | $2,600,430 | 288,616 | 0.19% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,588,227 | 226,046 | 0.19% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,525,904 | 220,603 | 0.18% | Shares |
| Nuveen Asset Management, LLC | $2,381,569 | 201,146 | 0.17% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $2,354,624 | 205,644 | 0.17% | Shares |
| Carrera Capital Advisors | $2,330,485 | 201,948 | 0.17% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $2,321,694 | 202,768 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,265,339 | 251,425 | 0.16% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $2,184,696 | 190,803 | 0.16% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $2,174,000 | 189,857 | 0.16% | Shares |
| ExodusPoint Capital Management, LP | $2,111,804 | 184,437 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $2,088,789 | 182,427 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,059,893 | 228,623 | 0.15% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $2,039,520 | 178,124 | 0.15% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $2,029,157 | 177,219 | 0.15% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,936,596 | 169,135 | 0.14% | Shares |
| Vanguard Investments Australia, Ltd. | $1,902,166 | 166,128 | 0.14% | Shares |
| ALGERT GLOBAL LLC | $1,830,397 | 159,860 | 0.13% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $1,822,451 | 159,166 | 0.13% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $1,765,441 | 154,187 | 0.13% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,749,743 | 152,816 | 0.13% | Shares |
| XTX Topco Ltd | $1,714,076 | 149,701 | 0.12% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $1,698,241 | 148,318 | 0.12% | Shares |
| State of New Jersey Common Pension Fund D | $1,504,290 | 131,379 | 0.11% | Shares |
| Amundi | $1,471,085 | 128,479 | 0.11% | Shares |
| OVERSEA-CHINESE BANKING Corp Ltd | $1,464,753 | 127,926 | 0.11% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $1,337,429 | 116,806 | 0.10% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $1,317,892 | 113,906 | 0.10% | Shares |
| Horizon Investments, LLC | $1,311,884 | 114,575 | 0.10% | Shares |
| MetLife Investment Management, LLC | $1,278,301 | 111,642 | 0.09% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,269,095 | 110,838 | 0.09% | Shares |
| MORGAN STANLEY | $1,220,977 | 106,635 | 0.09% | Shares |
| TWO SIGMA ADVISERS, LP | $1,215,706 | 135,985 | 0.09% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,195,082 | 104,374 | 0.09% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $1,111,795 | 97,100 | 0.08% | Shares |
| Illinois Municipal Retirement Fund | $1,090,681 | 95,256 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,057,900 | 92,393 | 0.08% | Shares |
| BAILARD, INC. | $1,004,165 | 87,700 | 0.07% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $963,279 | 80,812 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $963,243 | 84,126 | 0.07% | Shares |
| Resona Asset Management Co.,Ltd. | $950,937 | 81,669 | 0.07% | Shares |
Company insiders 37 insiders · 16 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bryan Albert Giglia | Chief Executive Officer | March 7, 2023 F | 574,170 | 0 | 0 | $0 |
| John V Arabia | President & CEO | Feb. 13, 2021 F | 1,235,598 | 0 | 0 | $0 |
| Kenneth Edward Cruse | Chief Executive Officer | Dec. 5, 2014 S | 605,985 | 0 | 0 | $0 |
| Steven R Goldman | President & CEO | Feb. 7, 2008 F | 330,531 | 0 | 0 | $0 |
| Aaron Robert Reyes | Chief Financial Officer | Feb. 15, 2023 F | 78,900 | 0 | 0 | $0 |
| Robert C Springer | PRESIDENT AND CIO | June 24, 2026 S | 573,743 | 0 | 1 | $-1,041,512 |
| Jon D Kline | President | Feb. 15, 2007 S | 62,660 | 0 | 0 | $0 |
| Christopher Gerard Ostapovicz | Chief Operating Officer | Feb. 28, 2023 F | 124,638 | 0 | 0 | $0 |
| David M Klein | General Counsel | Feb. 28, 2023 F | 174,207 | 0 | 0 | $0 |
| David Ryan Sloan | Former SVP- General Counsel | May 3, 2016 S | 0 | 0 | 0 | $0 |
| Lindsay Newton Monge | SVP - Treasurer | May 14, 2015 S | 73,785 | 0 | 0 | $0 |
| Robert A Alter | Executive Chairman | Aug. 11, 2011 P | 120,954 | 0 | 0 | $0 |
| Christopher M. Lal | SVP - General Counsel | May 11, 2009 F | 40,767 | 0 | 0 | $0 |
| William M Wagner | SVP & Chief Accounting Officer | Feb. 9, 2008 F | 31,945 | 0 | 0 | $0 |
| Gary A Stougaard | EVP - Chief Investment Officer | Feb. 9, 2007 F | 70,904 | 0 | 0 | $0 |
| Andrew W Gross | Senior VP - General Counsel | Nov. 16, 2006 D | 5,606 | 0 | 0 | $0 |
| Blake W Baird | Director | May 1, 2026 A | 119,420 | 0 | 0 | $0 |
| Douglas M Pasquale | Director | May 1, 2026 A | 14,894 | 0 | 0 | $0 |
| Andrew Batinovich | Director | May 1, 2026 A | 161,904 | 0 | 0 | $0 |
| Verett Ann Mims | Director | May 4, 2023 A | 28,192 | 0 | 0 | $0 |
| Monica S Digilio | Director | May 4, 2023 A | 40,662 | 0 | 0 | $0 |
| Murray J. Mccabe | Director | May 4, 2023 A | 85,991 | 0 | 0 | $0 |
| Keith P Russell | Director | March 16, 2021 S | 81,880 | 0 | 0 | $0 |
| Thomas A Lewis | Director | May 1, 2020 A | 90,352 | 0 | 0 | $0 |
| Jamie Z Behar | Director | May 3, 2019 A | 27,407 | 0 | 0 | $0 |
| Keith Locker | Director | June 29, 2016 S | 50,703 | 0 | 0 | $0 |
| Lewis Wolff | Director | June 2, 2015 G | 4,928 | 0 | 0 | $0 |
| Anthony W Dona | Director | Dec. 1, 2006 A | 8,167 | 0 | 0 | $0 |
| Sunstone Hotel Investors, Inc. | Director | Nov. 16, 2005 C | 0 | 0 | 0 | $0 |
| David M Siegel | Director | May 10, 2005 A | 2,296 | 0 | 0 | $0 |
| Barbara S Brown | Director | May 10, 2005 A | 2,296 | 0 | 0 | $0 |
| Paul D Kazilionis | Director | Nov. 22, 2004 S | 9,887,248 | 0 | 0 | $0 |
| Kristina M Leslie | — | May 1, 2026 A | 74,563 | 0 | 0 | $0 |
| Michael D Barnello | — | May 1, 2026 A | 61,228 | 0 | 0 | $0 |
| Marc Andrew Hoffman | — | May 24, 2021 F | 389,117 | 0 | 0 | $0 |
| Arthur L Buser | — | Feb. 28, 2011 S | 306,113 | 0 | 0 | $0 |
| Johnathan H Paul | — | Nov. 22, 2004 S | 9,887,248 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Sunstone Hotel Investors, L.L.C., WB Hotel Investors, LLC, Sunstone/WB Hotel Investors IV, LLC, Sunstone/WB Manhattan Beach, LLC, Westbrook Real Estate Partners, L.L.C., Westbrook Sunstone Investors, LLC, Westbrook SHP, LLC, Westbrook Real Estate Partners Management III, LLC, Westbrook Real Estate Fund III, L.P., Westbrook Real Estate Co-Investment Partnership III, L.P., Westbrook Real Estate Partners Management IV, LLC, Westbrook Real Estate Fund IV, L.P., Westbrook Real Estate Co-Investment Partnership IV, L.P., Paul D. Kazilionis, Jonathan H. Paul ×5 filings | Dec. 2, 2005 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 69 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VRAI · ETFis Series Trust I | 1.10% | 20,669 NS | April 30, 2026 | N-PORT |
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.80% | 180,071 | Aug. 8, 2026 | Daily |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.44% | 10,931 | Aug. 8, 2026 | Daily |
| SVAL · iShares Trust | 0.43% | 80,178 SH | Aug. 8, 2026 | Daily |
| PPTY · ETF Series Solutions | 0.36% | 8,269 NS | May 31, 2026 | N-PORT |
| GQRE · FlexShares Trust | 0.28% | 110,031 NS | April 30, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.26% | 48,204 NS | April 30, 2026 | N-PORT |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 284,602 NS | May 31, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.23% | 395,296 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.23% | 1,657,997 SH | Aug. 8, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 123,204 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.19% | 231,159 NS | April 30, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.19% | 10,336 NS | April 30, 2026 | N-PORT |
| USRT · iShares Trust | 0.16% | 672,340 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.15% | 19,379 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.15% | 1,342,478 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.14% | 187,289 NS | April 30, 2026 | N-PORT |
| XJR · iShares Trust | 0.13% | 22,050 SH | Aug. 8, 2026 | Daily |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.13% | 99,101 NS | May 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.13% | 225,647 NS | April 30, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.13% | 192,717 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.12% | 28,695 | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.12% | 651,644 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.11% | 11,352,335 SH | Aug. 8, 2026 | Daily |
| REET · iShares Trust | 0.11% | 498,889 SH | Aug. 8, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.11% | 6,842,819 SH | Aug. 8, 2026 | Daily |
| ERET · iShares Trust | 0.11% | 1,330 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.10% | 1,189 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.10% | 815,139 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 254,533 | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 71,294 NS | April 30, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.09% | 326,962 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.09% | 2,271 NS | May 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.08% | 122,521 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.08% | 1,028,725 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 67,037 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.07% | 18,322 | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.06% | 4,637,048 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 1,051,081 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.06% | 111,008 | Aug. 8, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | 0.06% | 89,753 | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.05% | 78,874 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.05% | 7,499 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.05% | 669,311 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.05% | 2,712,954 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.05% | 59,837 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.05% | 8,564 NS | May 31, 2026 | N-PORT |
| PFF · iShares Trust | 0.05% | 278,933 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 916,811 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.03% | 21,248 SH | Aug. 8, 2026 | Daily |