Sunstone Hotel Investors (SHO) : Traders are bullish on Sunstone Hotel Investors (SHO) as it has outperformed the S&P 500 by a margin of 7.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.21%, 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 4.85% in the last 1 week, and is up 14.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Sunstone Hotel Investors (NYSE:SHO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.44 and $13.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.63, notching a gain of 1.64% for the day. The total traded volume was 1,722,578 . The stock had closed at $13.41 on the previous day.
The stock has recorded a 20-day Moving Average of 9.5% and the 50-Day Moving Average is 11.94%. Sunstone Hotel Investors Inc. is up 5.55% in the last 3-month period. Year-to-Date the stock performance stands at 10.02%.
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.