Sunstone Hotel Investors (SHO) : The highest short term price target forecast on Sunstone Hotel Investors (SHO) is $16 and the lowest target price is $13. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $14.22 with a standard deviation of $1.06.
The short interest in Sunstone Hotel Investors (SHO) has increased from 12,507,726 on June 15,2016 to 13,573,067 on June 30,2016. The change was measured at 1,065,341 shares or 8.5%. The leftover shorts were 6.3% of the floated shares. The days to cover are 6, given the average daily volume of 2,413,320 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Sunstone Hotel Investors (NYSE:SHO): On Thursdays trading session , Opening price of the stock was $12.48 with an intraday high of $12.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.41. However, the stock managed to close at $12.47, a loss of 0.16% for the day. On the previous day, the stock had closed at $12.49. The total traded volume of the day was 2,469,160 shares.
Sunstone Hotel Investors, Inc. is a self-managed and self-administered real estate investment trust (REIT). The Companys 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 14,303 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 Companys 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.