Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,666 shares of the real estate investment trust's stock after acquiring an additional 29,473 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Sunstone Hotel Investors worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in Sunstone Hotel Investors by 134.8% in the 4th quarter. Teacher Retirement System of Texas now owns 133,649 shares of the real estate investment trust's stock worth $1,582,000 after buying an additional 76,729 shares during the period. Xponance Inc. boosted its holdings in shares of Sunstone Hotel Investors by 10.9% in the 4th quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust's stock valued at $174,000 after acquiring an additional 1,441 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Sunstone Hotel Investors by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,387,239 shares of the real estate investment trust's stock worth $28,265,000 after acquiring an additional 58,234 shares during the period. Cibc World Markets Corp acquired a new position in Sunstone Hotel Investors during the fourth quarter valued at $225,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Sunstone Hotel Investors by 19.0% in the 4th quarter. Natixis Advisors LLC now owns 84,116 shares of the real estate investment trust's stock valued at $996,000 after buying an additional 13,446 shares during the period. Hedge funds and other institutional investors own 99.37% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHO. Wells Fargo & Company reduced their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Truist Financial decreased their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group raised their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.57.

Sunstone Hotel Investors Price Performance

SHO stock traded down $0.22 during trading on Friday, hitting $9.48. The stock had a trading volume of 1,003,537 shares, compared to its average volume of 2,202,292. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The company's 50-day moving average price is $10.70 and its two-hundred day moving average price is $10.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market capitalization of $1.91 billion, a P/E ratio of 12.47, a PEG ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $214.77 million during the quarter, compared to the consensus estimate of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.80%. Sunstone Hotel Investors's payout ratio is presently 257.14%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.