Natixis Advisors LLC Sells 20,811 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Natixis Advisors LLC decreased its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 22.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,426 shares of the real estate investment trust’s stock after selling 20,811 shares during the quarter. Natixis Advisors LLC’s holdings in Sunstone Hotel Investors were worth $737,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

SHO has been the topic of a number of analyst reports. Wolfe Research raised 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 report on Wednesday, July 10th. Baird R W raised Sunstone Hotel Investors to a “strong-buy” rating in a report on Tuesday, May 28th. StockNews.com downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Truist Financial dropped their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, Robert W. Baird raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $12.00 in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus price target of $11.00.

Sunstone Hotel Investors Trading Up 1.9 %

Shares of NYSE:SHO opened at $10.04 on Friday. 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, Inc. has a 1 year low of $8.89 and a 1 year high of $11.59. The company has a market cap of $2.04 billion, a P/E ratio of 11.16, a PEG ratio of 4.15 and a beta of 1.25. The stock’s fifty day moving average price is $10.16 and its 200-day moving average price is $10.42.

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 (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The company had revenue of $247.50 million for the quarter, compared to the consensus estimate of $248.12 million. During the same quarter in the prior year, the company posted $0.33 EPS. Sunstone Hotel Investors’s revenue was down 10.4% on a year-over-year basis. Sell-side analysts expect that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced 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. This represents a $0.36 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio is currently 33.33%.

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.