Wolverine Asset Management LLC Sells 57,942 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Wolverine Asset Management LLC reduced its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 26.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,189 shares of the real estate investment trust’s stock after selling 57,942 shares during the quarter. Wolverine Asset Management LLC’s holdings in Sunstone Hotel Investors were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its holdings in Sunstone Hotel Investors by 368.0% in the second quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust’s stock worth $18,489,000 after purchasing an additional 1,389,917 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Sunstone Hotel Investors by 318.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,367,061 shares of the real estate investment trust’s stock valued at $14,299,000 after purchasing an additional 1,039,986 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Sunstone Hotel Investors in the 2nd quarter worth about $2,165,000. Russell Investments Group Ltd. increased its stake in shares of Sunstone Hotel Investors by 572.0% in the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 186,413 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Sunstone Hotel Investors during the 2nd quarter valued at $1,664,000. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Stock Up 0.7 %

SHO opened at $10.89 on Tuesday. The firm’s fifty day moving average is $10.32 and its 200 day moving average is $10.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75. Sunstone Hotel Investors, Inc. has a fifty-two week low of $9.39 and a fifty-two week high of $11.59. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 6.29 and a beta of 1.25.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price target on the stock in a report on Friday, September 13th. StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.42.

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.