Sunstone Hotel Investors Inc (SHO) concluded trading on Thursady at a closing price of $11.11, with 4.21 million shares of worth about $46.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.11% during that period and on Thursady the price saw a gain of about 0.91%. Currently the company’s common shares owned by public are about 209.32M shares, out of which, 203.08M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 82,552 shares in 7 of the transactions. In 6 selling transactions, insiders dumped 92,631 shares.
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Stock saw a price change of 2.59% in past 5 days and over the past one month there was a price change of 5.41%. Year-to-date (YTD), SHO shares are showing a performance of 3.54% which increased to 10.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.56 but also hit the highest price of $11.15 during that period. The average intraday trading volume for Sunstone Hotel Investors Inc shares is 2.13 million. The stock is currently trading 3.20% above its 20-day simple moving average (SMA20), while that difference is up 3.55% for SMA50 and it goes to 12.18% higher than SMA200.
Sunstone Hotel Investors Inc (NYSE: SHO) currently have 209.32M outstanding shares and institutions hold larger chunk of about 99.46% of that.
The stock has a current market capitalization of $2.28B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 27.85, while it has posted earnings per share of $0.40 in the same period. Its PEG reads 1.40 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 1.96% while standing at 2.03% 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 $0.01 and it is $0.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is $0.01 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 rise by 0.47% while it is estimated to decrease by -44.33% 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.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on December 14, 2023 offering a Neutral rating for the stock and assigned a target price range of between $9 and $10 to it. Coverage by Wells Fargo stated Sunstone Hotel Investors Inc (SHO) stock as an Underweight in their note to investors on December 08, 2023, suggesting a price target of $9.50 for the stock. On September 28, 2023, Wolfe Research Initiated their recommendations, while on June 27, 2023, Morgan Stanley Upgrade their ratings for the stock with a price target of $10. Stock get a Sell rating from Compass Point on March 22, 2023.
