Teacher Retirement System of Texas Has $1.58 Million Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Teacher Retirement System of Texas grew its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 134.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,649 shares of the real estate investment trust’s stock after purchasing an additional 76,729 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Sunstone Hotel Investors worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intech Investment Management LLC acquired a new stake in shares of Sunstone Hotel Investors in the third quarter worth about $573,000. Charles Schwab Investment Management Inc. grew its holdings in Sunstone Hotel Investors by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust’s stock valued at $42,126,000 after purchasing an additional 117,390 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Sunstone Hotel Investors by 7.1% in the third quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 4,492 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Sunstone Hotel Investors by 460.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust’s stock worth $14,596,000 after buying an additional 1,161,792 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at $1,459,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Analyst Upgrades and Downgrades

SHO has been the subject of a number of research analyst reports. 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 research report on Thursday, January 2nd. Morgan Stanley reissued an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Truist Financial lowered their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company cut their price target on 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of “Hold” and an average price target of $11.57.

Sunstone Hotel Investors Price Performance

Shares of SHO stock opened at $9.48 on Friday. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $12.41. The company has a market capitalization of $1.91 billion, a P/E ratio of 12.47, a P/E/G ratio of 4.52 and a beta of 1.19. The stock has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.87. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current 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 $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) 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.