Marshall Wace LLP Sells 634,126 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Marshall Wace LLP cut its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 87.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,996 shares of the real estate investment trust's stock after selling 634,126 shares during the period. Marshall Wace LLP's holdings in Sunstone Hotel Investors were worth $952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. EntryPoint Capital LLC bought a new stake in shares of Sunstone Hotel Investors in the first quarter valued at about $30,000. Federated Hermes Inc. bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $34,000. Plato Investment Management Ltd acquired a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth approximately $49,000. 1620 Investment Advisors Inc. bought a new stake in shares of Sunstone Hotel Investors during the second quarter valued at approximately $52,000. Finally, Blue Trust Inc. raised its stake in shares of Sunstone Hotel Investors by 342.9% in the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 5,734 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHO. StockNews.com lowered shares of Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 target price on the stock in a research note on Friday, September 13th. Finally, Wolfe Research upgraded shares of Sunstone Hotel Investors from a "peer perform" rating to an "outperform" rating and set a $12.00 price target for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sunstone Hotel Investors has a consensus rating of "Hold" and an average target price of $11.42.

Sunstone Hotel Investors Trading Up 0.6 %

NYSE:SHO traded up $0.07 during trading hours on Tuesday, hitting $10.27. 1,807,231 shares of the stock were exchanged, compared to its average volume of 2,005,425. The company has a market capitalization of $2.09 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 4.33 and a beta of 1.24. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.43. The company's 50 day moving average is $10.17 and its two-hundred day moving average is $10.32. Sunstone Hotel Investors, Inc. has a twelve month low of $9.03 and a twelve month high of $11.59.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.16). The firm had revenue of $247.50 million for the quarter, compared to the consensus estimate 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 was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.51%. Sunstone Hotel Investors's dividend payout ratio is currently 35.56%.

Sunstone Hotel Investors Company 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.