Sunstone Hotel Investors (SHO) : Traders are bullish on Sunstone Hotel Investors (SHO) as it has outperformed the S&P 500 by a wide margin of 3.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.44% in the last 1 week, and is up 2.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.06% and the fifty day Moving Average is 5.87%. Sunstone Hotel Investors Inc. is up 14.11% in the last three month period. Year-to-Date the stock performance stands at 10.51%.
Sunstone Hotel Investors (SHO) : The highest level Sunstone Hotel Investors (SHO) is projected to reach is $16 for the short term and the lowest estimate is at $13. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $14.35 and the possibility the share price can swing is $1.11.
Sunstone Hotel Investors (NYSE:SHO): stock turned positive on Friday. Though the stock opened at $13.7, the bulls momentum made the stock top out at $13.78 level for the day. The stock recorded a low of $13.57 and closed the trading day at $13.69, in the green by 0.37%. The total traded volume for the day was 1,722,378. The stock had closed at $13.64 in the previous days trading.
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.