Sunstone Hotel Investors Inc (NYSE:SHO) has been downgraded to Underweight in a report by Morgan Stanley earlier today.
- Updated: September 25, 2016
Morgan Stanley has downgraded Sunstone Hotel Investors Inc (NYSE:SHO) to Underweight in a report released on Monday September 26, 2016.
Previously on 7/15/2016, Canaccord Genuity released a statement about Sunstone Hotel Investors Inc (NYSE:SHO) increased the target price from $14.00 to $15.00. At the time, this indicated a possible upside of 0.15%.
Just yesterday Sunstone Hotel Investors Inc (NYSE:SHO) traded -2.61% lower at $13.04. Sunstone Hotel Investors Inc’s 50-day moving average is $13.27 and its 200-day moving average is $12.89. The last stock price is up -1.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 311,374 shares of SHO traded hands, down from an average trading volume of 2,244,150
Recent Performance Chart
Sunstone Hotel Investors Inc has 52 week low of $9.53 and a 52 week high of $15.08 with a PE ratio of 7.79 and has a market capitalization of $0.
Also covering Sunstone Hotel Investors Inc's target price, a total of 13 firms have issued a research note on the company. The average target is $13.96 with four firms rating the stock a strong buy, three analysts rating the company a buy, 8 brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell.
About Sunstone Hotel Investors Inc (NYSE:SHO)
Sunstone Hotel Investors, Inc. is a self-managed and self-administered real estate investment trust (REIT). The Company's business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment. It has interests in approximately 30 hotels, which include approximately 13,640 rooms. Its hotels operate under the brands, including Marriott, Hilton, Hyatt and Fairmont. Its portfolio primarily consists of urban, upper upscale hotels in the United States. Its hotels include Boston Park Plaza, Courtyard by Marriott Los Angeles, Embassy Suites Chicago, Fairmont Newport Beach, Hilton North Houston, Hilton Times Square, Hyatt Regency Newport Beach, Hyatt Regency San Francisco and Marriott Houston.
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