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) : 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.
For the current week, the company shares have a recommendation consensus of Buy.
Sunstone Hotel Investors (NYSE:SHO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.73 and $12.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.84, notching a gain of 1.74% for the day. The total traded volume was 1,830,941 . The stock had closed at $12.62 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.