Sunstone Hotel Investors (NYSE:SHO): The mean short term price target for Sunstone Hotel Investors (NYSE:SHO) has been established at $14.22 per share. The higher price target estimate is at $16 and the lower price target estimate is expected at $13 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.06
Many analysts have stated their opinion on the company shares. Major Brokerage house, Credit Suisse maintains its ratings on Sunstone Hotel Investors (NYSE:SHO). In the latest research report, Credit Suisse raises the target price from $13.5 per share to $14.5 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on March 23, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sloan David Ryan, officer (Former SVP- General Counsel) of Sunstone Hotel Investors, Inc., had unloaded 35,209 shares at an average price of $12.44 in a transaction dated on May 3, 2016. The total value of the transaction was worth $438,000.
Sunstone Hotel Investors (NYSE:SHO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.06 points or 0.51% at $11.61 with 1,591,461 shares getting traded. Post opening the session at $11.68, the shares hit an intraday low of $11.6 and an intraday high of $11.85 and the price was in this range throughout the day. The company has a market cap of $2,515 million and the number of outstanding shares have been calculated to be 216,582,280 shares. The 52-week high of Sunstone Hotel Investors (NYSE:SHO) is $16.04 and the 52-week low is $9.525.
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.