Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 29,473 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,666 shares of the real estate investment trust’s stock after purchasing an additional 29,473 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sunstone Hotel Investors were worth $1,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position 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 worth $36,000 after buying an additional 2,448 shares during the period. GAMMA Investing LLC boosted its stake in Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,743 shares in the last quarter. KBC Group NV grew its holdings in Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,249 shares during the period. Longboard Asset Management LP bought a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $141,000. Finally, Heritage Family Offices LLP lifted its holdings in shares of Sunstone Hotel Investors by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SHO. Truist Financial cut their price target on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group increased their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company lowered 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.57.

Sunstone Hotel Investors Price Performance

SHO opened at $9.78 on Wednesday. The company’s 50-day simple moving average is $10.82 and its two-hundred day simple moving average is $10.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market capitalization of $1.97 billion, a P/E ratio of 12.87, a P/E/G ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating 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 company had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. As a group, analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed 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. This represents a $0.36 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 257.14%.

Sunstone Hotel Investors Profile

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.