Sunstone Hotel Investors Inc (SHO) concluded trading on Thursday at a closing price of $10.31, with 2.56 million shares of worth about $26.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.19% during that period and on June 27, 2024 the price saw a gain of about 1.98%. Currently the company’s common shares owned by public are about 203.48M shares, out of which, 201.37M shares are available for trading.
Stock saw a price change of 2.08% in past 5 days and over the past one month there was a price change of 0.78%. Year-to-date (YTD), SHO shares are showing a performance of -3.91% which increased to 6.00% 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 $11.59 during that period. The average intraday trading volume for Sunstone Hotel Investors Inc shares is 1.50 million. The stock is currently trading 1.75% above its 20-day simple moving average (SMA20), while that difference is up 0.70% for SMA50 and it goes to 0.43% higher than SMA200.
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Sunstone Hotel Investors Inc (NYSE: SHO) currently have 203.48M outstanding shares and institutions hold larger chunk of about 97.87% of that.
The stock has a current market capitalization of $2.10B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 11.47, while it has posted earnings per share of $0.90 in the same period. Its PEG reads 0.58 while making debt-to-equity ratio of 0.38. 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 1.48% while standing at 1.57% over the month.
Stock’s fiscal year EPS is expected to drop by -71.64% while it is estimated to increase by 30.26% in next year. EPS is likely to grow at an annualized rate of 19.90% for next 5-years, compared to annual growth of -2.30% 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 Robert W. Baird on May 28, 2024 offering an Outperform rating for the stock and assigned a target price range of between $11 and $12 to it. Coverage by Compass Point stated Sunstone Hotel Investors Inc (SHO) stock as a Neutral in their note to investors on May 07, 2024, suggesting a price target of $12 for the stock. On December 14, 2023, JP Morgan Upgrade their recommendations, while on December 08, 2023, Wells Fargo Downgrade their ratings for the stock with a price target of $9.50. Stock get a Peer perform rating from Wolfe Research on September 28, 2023.
