Sunstone Hotel Investors (SHO) : 11 analysts are covering Sunstone Hotel Investors (SHO) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sunstone Hotel Investors (SHO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sunstone Hotel Investors (SHO) has been rated by 9 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 $14.22 and the expected standard deviation is $1.06.
Sunstone Hotel Investors (NYSE:SHO): The stock opened at $12.03 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.14 for the day. The stock traded down to $11.89 during the day, due to lack of any buying support eventually closed down at $12.10 with a loss of -0.33% for the day. The stock had closed at $12.14 on the previous day. The total traded volume was 1,795,248 shares.
The company shares have dropped -22.43% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $16.04 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.95 and the 200 Day Moving Average price is recorded at $12.47.
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.