Sunstone Hotel Investors, Inc. (SHO): Keith Locker , director of Sunstone Hotel Investors, Inc. sold 10,000 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $11.81 per share for a total value of $118,046.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Keith P Russell (director) sold 10,000 shares at $11.54 per share price.On Jun 3, 2016, Andrew Batinovich (director) sold 0 shares at $12.07 per share price.Also, 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.
Sunstone Hotel Investors Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Sunstone Hotel Investors Inc which led to swings in the share price. The shares opened for trading at $11.73 and hit $11.99 on the upside , eventually ending the session at $11.96, with a gain of 3.46% or 0.4 points. The heightened volatility saw the trading volume jump to 16,71,149 shares. The 52-week high of the share price is $16.04 and the company has a market cap of $2,590 M . The 52-week low of the share price is at $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.