Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 86.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,728 shares of the real estate investment trust’s stock after selling 142,461 shares during the period. Wolverine Asset Management LLC’s holdings in Sunstone Hotel Investors were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SHO. New York State Common Retirement Fund boosted its holdings in shares of Sunstone Hotel Investors by 1.3% in the 4th quarter. New York State Common Retirement Fund now owns 345,449 shares of the real estate investment trust’s stock valued at $4,090,000 after acquiring an additional 4,520 shares during the last quarter. Principal Financial Group Inc. lifted its position in Sunstone Hotel Investors by 645.6% during the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock valued at $98,929,000 after purchasing an additional 7,234,862 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Sunstone Hotel Investors by 8.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 208,664 shares of the real estate investment trust’s stock valued at $2,471,000 after purchasing an additional 16,829 shares during the last quarter. Van ECK Associates Corp grew its position in Sunstone Hotel Investors by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 38,526 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 3,570 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Sunstone Hotel Investors during the 4th quarter valued at about $276,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHO has been the topic of a number of recent research reports. Morgan Stanley restated an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.71.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $10.64 on Monday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 12-month low of $9.39 and a 12-month high of $12.41. The business’s 50 day moving average is $11.63 and its two-hundred day moving average is $10.88. The company has a market capitalization of $2.14 billion, a P/E ratio of 13.99, a P/E/G ratio of 4.52 and a beta of 1.20.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $214.77 million for the quarter, compared to analysts’ expectations of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

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.