Teacher Retirement System of Texas Boosts Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Teacher Retirement System of Texas raised its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 134.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,649 shares of the real estate investment trust's stock after acquiring an additional 76,729 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Sunstone Hotel Investors worth $1,582,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 2,448 shares in the last quarter. GAMMA Investing LLC boosted its position in Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 1,743 shares in the last quarter. KBC Group NV grew its stake in shares of Sunstone Hotel Investors by 55.4% during the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock worth $108,000 after buying an additional 3,249 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of Sunstone Hotel Investors during the fourth quarter worth $141,000. Finally, Heritage Family Offices LLP lifted its stake in shares of Sunstone Hotel Investors by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 969 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.57.

Sunstone Hotel Investors Trading Down 0.5 %

NYSE SHO traded down $0.05 during mid-day trading on Wednesday, reaching $9.45. 186,810 shares of the stock were exchanged, compared to its average volume of 2,201,642. 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 cap of $1.90 billion, a P/E ratio of 12.41, a P/E/G ratio of 4.52 and a beta of 1.19. The stock has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $10.87. Sunstone Hotel Investors, Inc. has a one year low of $9.28 and a one year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. On average, analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.81%. Sunstone Hotel Investors's dividend payout ratio is currently 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.