Sunstone Hotel Investors (SHO) has been under a strong bear grip, hence the stock is down -6.17% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.08% in the past 1 week. The stock has risen by 1.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.07% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 5.65% and the 50-Day Moving Average is 5.46%.The 200 Day SMA reached 0.4% Sunstone Hotel Investors Inc. is up 4.88% in the last 3-month period. Year-to-Date the stock performance stands at 1.14%.
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.
For the current week, the company shares have a recommendation consensus of Buy. Sunstone Hotel Investors (NYSE:SHO): The stock opened at $12.46 and touched an intraday high of $12.57 on Friday. During the day, the stock corrected to an intraday low of $12.35, however, the bulls stepped in and pushed the price higher to close in the green at $12.53 with a gain of 0.16% for the day. The total traded volume for the day was 3,827,167. The stock had closed at $12.53 in the previous trading session.
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.