Sunstone Hotel Investors, Inc. (SHO): Andrew Batinovich , director of Sunstone Hotel Investors, Inc. sold 0 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $12.07 per share for a total value of $3.36 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, David Ryan Sloan (Former SVP- General Counsel) sold 35,209 shares at $12.44 per share price.On Mar 14, 2016, Marc Andrew Hoffman (Chief Operating Officer) sold 38,070 shares at $13.60 per share price.Also, On May 15, 2015, Lindsay Newton Monge (SVP – Treasurer) sold 30,000 shares at $15.53 per share price.On May 15, 2015, Keith Locker (director) sold 20,000 shares at $15.60 per share price.
Shares of Sunstone Hotel Investors Inc (SHO) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -1.89% at $11.97 with 40,28,766 shares getting traded. Post opening the session at $12.25, the shares hit an intraday low of $11.87 and an intraday high of $12.37 and the price vacillated in this range throughout the day. The company has a market cap of $2,592 M and the number of outstanding shares has been calculated to be 21,65,82,280 shares. The 52-week high of Sunstone Hotel Investors Inc is $16.04 and the 52-week low is $9.525.
Company has been under the radar of several Street Analysts.Sunstone Hotel Investors Inc is Initiated by BB&T Capital Mkts to Hold. The Rating was issued on May 18, 2016.
Sunstone Hotel Investors Inc. is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire own asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company holds interests in approximately 30 hotels which include around 14303 rooms located in 13 states and in Washington DC. The hotels are operated under the brands including Marriott Hilton Hyatt Fairmont and Sheraton among others. Its portfolio includes upper upscale hotels in the United States. Its 30 hotels include around 27 upper upscale two luxury and one upscale hotel. The Company’s property portfolio includes Boston Park Plaza Courtyard by Marriott Los Angeles Doubletree Guest Suites Times Square Embassy Suites Chicago Embassy Suites La Jolla Fairmont Newport Beach Marriott Houston Marriott Wailea Marriott Park City Renaissance Harborplace and Renaissance Los Angeles Airport among others.