Wolverine Asset Management LLC Has $1.69 Million Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Wolverine Asset Management LLC lessened its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 26.1% in the third quarter, according to its most recent filing with the 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 owned about 0.08% of Sunstone Hotel Investors worth $1,694,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHO. Vanguard Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 0.4% in the first quarter. Vanguard Group Inc. now owns 32,326,254 shares of the real estate investment trust's stock valued at $360,114,000 after buying an additional 115,899 shares during the period. Westwood Holdings Group Inc. lifted its holdings in Sunstone Hotel Investors by 1.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,818,270 shares of the real estate investment trust's stock valued at $29,479,000 after buying an additional 51,203 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Sunstone Hotel Investors by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,651,189 shares of the real estate investment trust's stock worth $27,731,000 after purchasing an additional 25,086 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Sunstone Hotel Investors by 368.0% during 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 buying an additional 1,389,917 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Sunstone Hotel Investors by 318.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,367,061 shares of the real estate investment trust's stock worth $14,299,000 after acquiring an additional 1,039,986 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO traded down $0.38 during trading on Tuesday, reaching $10.51. The company had a trading volume of 8,238,695 shares, compared to its average volume of 2,042,275. The stock has a market capitalization of $2.14 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 6.29 and a beta of 1.25. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $11.59. The company has a fifty day moving average of $10.32 and a two-hundred day moving average of $10.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com lowered Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. Wells Fargo & Company raised 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.42.

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.