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 3.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.46%, 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 0.52% in the last 1 week, and is up 4.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.57% and the 50-Day Moving Average is 8.14%. Sunstone Hotel Investors (NYSE:SHO): stock turned positive on Friday. Though the stock opened at $13.47, the bulls momentum made the stock top out at $13.69 level for the day. The stock recorded a low of $13.45 and closed the trading day at $13.59, in the green by 0.22%. The total traded volume for the day was 1,087,658. The stock had closed at $13.56 in the previous days trading.
The company Insiders own 0.79% of Sunstone Hotel Investors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.19% . During last six month period, the net percent change held by insiders has seen a change of -18.07%. Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Sunstone Hotel Investors (NYSE:SHO). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $14 per share to $13 per share. The rating by the firm was issued on July 19, 2016.
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.