Texas Permanent School Fund Corp Has $1.61 Million Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Texas Permanent School Fund Corp lowered its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 14.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 153,770 shares of the real estate investment trust’s stock after selling 26,032 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Sunstone Hotel Investors worth $1,608,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Sunstone Hotel Investors in the first quarter valued at about $30,000. Plato Investment Management Ltd bought a new stake in Sunstone Hotel Investors in the first quarter valued at about $49,000. 1620 Investment Advisors Inc. bought a new stake in Sunstone Hotel Investors in the second quarter valued at about $52,000. Quadrant Capital Group LLC grew its stake in Sunstone Hotel Investors by 35.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,387 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Sunstone Hotel Investors by 342.9% during the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 5,734 shares during the last quarter. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Up 0.2 %

Shares of NYSE SHO opened at $10.32 on Thursday. The company’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $10.39. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $11.59. The firm has a market capitalization of $2.10 billion, a P/E ratio of 11.47, a P/E/G ratio of 4.22 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). The firm had revenue of $247.50 million during the quarter, compared to analyst estimates of $248.12 million. Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. On average, analysts predict that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.09 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.49%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 35.56%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $11.00 to $12.00 in a research note on Tuesday, May 28th. Baird R W raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective on the stock in a research note on Friday, September 13th. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Wolfe Research raised shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and an average target price of $11.07.

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.