Teacher Retirement System of Texas Has $311,000 Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Teacher Retirement System of Texas lowered its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 75.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,064 shares of the real estate investment trust's stock after selling 100,585 shares during the period. Teacher Retirement System of Texas' holdings in Sunstone Hotel Investors were worth $311,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sunstone Hotel Investors during the 4th quarter worth $33,000. GF Fund Management CO. LTD. acquired a new position in shares of Sunstone Hotel Investors during the 4th quarter worth $42,000. GAMMA Investing LLC raised its holdings in shares of Sunstone Hotel Investors by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust's stock worth $45,000 after buying an additional 1,560 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Sunstone Hotel Investors by 805.2% during the 4th quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust's stock worth $76,000 after buying an additional 5,701 shares in the last quarter. Finally, FIL Ltd raised its holdings in shares of Sunstone Hotel Investors by 140.2% during the 4th quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust's stock worth $135,000 after buying an additional 6,634 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America raised Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Sunstone Hotel Investors in a report on Monday, June 23rd. They issued an "underweight" rating and a $8.00 target price for the company. Jefferies Financial Group lowered their target price on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lowered their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, 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. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Sunstone Hotel Investors has a consensus rating of "Hold" and a consensus price target of $8.93.

Sunstone Hotel Investors Stock Up 0.9%

Shares of Sunstone Hotel Investors stock opened at $8.88 on Friday. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $12.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.89 and a quick ratio of 2.89. The stock's 50-day moving average is $8.86 and its 200 day moving average is $9.65. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 88.80, a PEG ratio of 2.19 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. Sunstone Hotel Investors had a return on equity of 1.93% and a net margin of 3.85%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. Equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.05%. Sunstone Hotel Investors's dividend payout ratio is presently 360.00%.

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.

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