Sunstone Hotel Investors (SHO) : 6 brokerage houses believe that Sunstone Hotel Investors (SHO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sunstone Hotel Investors (SHO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.92.
Sunstone Hotel Investors (SHO) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $13. The average forecast of all the analysts is $14.2 and the expected standard deviation is $1.11.
For the current week, the company shares have a recommendation consensus of Buy. Sunstone Hotel Investors (NYSE:SHO): The stock opened at $13.82 on Thursday but the bulls could not build on the opening and the stock topped out at $13.82 for the day. The stock traded down to $13.52 during the day, due to lack of any buying support eventually closed down at $13.56 with a loss of -1.09% for the day. The stock had closed at $13.71 on the previous day. The total traded volume was 1,209,939 shares.
In a related news,The Director of Sunstone Hotel Investors, Inc., Locker Keith sold 10,000 shares at $11.81 on June 29, 2016. The Insider selling transaction had a total value worth of $118,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.