Sunstone Hotel Investors (SHO) : The consensus on Sunstone Hotel Investors (SHO) based on 12 analyst recommendation on the company stock is 1.92, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Sunstone Hotel Investors (SHO) : Average target price received by Sunstone Hotel Investors (SHO) is $14.2 with an expected standard deviation of $1.11. The most aggressive target on the stock is $16, whereas the most downbeat target is $13. 10 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Deutsche Bank maintains its rating on Sunstone Hotel Investors (NYSE:SHO). The global brokerage major lowers the current price target from $14 per share to $13 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on July 19, 2016.
Sunstone Hotel Investors (NYSE:SHO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.10 and $13.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.28, notching a gain of 1.30% for the day. The total traded volume was 3,046,783 . The stock had closed at $13.11 on the previous day.
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.