Sunstone Hotel Investors Inc (NYSE: SHO): Do Not Miss The Gain Train

Rush Island Management LP has recently announced that it has increased stake in Sunstone Hotel Investors Inc (NYSE:SHO) by 30.26%. After grabbing 9.58 million shares, the institutional investor is now in possession of 2.23 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 4.62% having worth around $89.09 million. Moreover, Tarsadia Capital LLC increased its share by 4.03 million to have a control over 5.57 million shares. And CBRE Investment Management Listed raised its holdings to 0.17 million shares by acquiring 5.07 million shares or 2.45% of the stake.

Sunstone Hotel Investors Inc (SHO) concluded trading on 12/07/23 at a closing price of $10.13, with 2.49 million shares of worth about $25.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.86% during that period and on Thursday the price saw a gain of about 2.84%. Currently the company’s common shares owned by public are about 209.32M shares, out of which, 203.31M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the SHO stock and their offered price forecasts bring an average price target of $9.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $11.50 and could fall to a lowest price of $9.00. The stock’s current price level is -2.53% below of average price target set by the analysts, while a dip to estimated low would result in loss of -12.56% for the stock. However, touching the estimated high of $11.50 would mean a gain of 11.91% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 27 times over the past 12 months. They bought 237,077 shares in 12 of the transactions. In 15 selling transactions, insiders dumped 235,145 shares.

iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Sunstone Hotel Investors Inc iShares Core S&P Small Cap ETF is currently holding 13.94 million shares of worth totaling $129.63 million. The company recently came selling 45212.0 shares which brought its stake up to 6.73% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 64986.0 shares, after which its hold over company’s outstanding shares shrunk to 3.92%, leaving 8.11 million shares with the mutual fund that have a worth of about $75.43 million. Vanguard Total Stock Market ETF, after buying 6.48 million shares, have now control over 3.13% of the stake in the company. It holds 14401.0 shares of worth $60.25 million.

Sunstone Hotel Investors Inc (NYSE: SHO) started trading at $9.93, above $0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 10.17, or with a gain of 2.84%. Stock saw a price change of 2.53% in past 5 days and over the past one month there was a price change of 5.63%. Year-to-date (YTD), SHO shares are showing a performance of 4.87% which decreased to -0.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.60 but also hit the highest price of $11.38 during that period. The average intraday trading volume for Sunstone Hotel Investors Inc shares is 2.46 million. The stock is currently trading 3.04% above its 20-day simple moving average (SMA20), while that difference is up 5.86% for SMA50 and it goes to 4.37% higher than SMA200.

Rush Island Management LP acquired 9.58 million shares of Sunstone Hotel Investors Inc having value of about $89.09 million. Data submitted at the U.S SEC by Rush Island Management LP revealed that the firm now holds 2.23 million shares in the company valued at close to $22545115.27, or have control over 30.26% stake in the company. Sunstone Hotel Investors Inc (NYSE: SHO) currently have 209.32M outstanding shares and institutions hold larger chunk of about 106.59% of that. Holding of mutual funds in the company is about 47.53% while other institutional holders and individual stake holders have control over 59.29% and 3.76% of the stake respectively.

The stock has a current market capitalization of $2.08B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 25.39, while it has posted earnings per share of $0.40 in the same period. Its PEG reads 1.28 while making debt-to-equity ratio of 0.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SHO, volatility over the week remained 2.49% while standing at 2.04% over the month.

Analysts are in expectations that Sunstone Hotel Investors Inc (SHO) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.24% while it is estimated to decrease by -41.98% in next year. EPS is likely to grow at an annualized rate of 19.90% for next 5-years, compared to annual growth of -9.48% made by the stock over the past 5-years.

Analysts at 14 brokerage firms have issued recommendations for the Sunstone Hotel Investors Inc (SHO)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.64. Out of those 14 Wall Street analysts, 0 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.

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