Sunstone Hotel Investors Inc (SHO) concluded trading on Thursday at a closing price of $10.58, with 3.39 million shares of worth about $35.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.94% during that period and on September 26, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 203.48M shares, out of which, 201.04M shares are available for trading.
Stock saw a price change of -1.67% in past 5 days and over the past one month there was a price change of 3.32%. Year-to-date (YTD), SHO shares are showing a performance of -1.40% which increased to 17.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.95 but also hit the highest price of $11.59 during that period. The average intraday trading volume for Sunstone Hotel Investors Inc shares is 2.37 million. The stock is currently trading 3.15% above its 20-day simple moving average (SMA20), while that difference is up 3.93% for SMA50 and it goes to 0.69% 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 99.36% of that.
The stock has a current market capitalization of $2.15B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 12.92, while it has posted earnings per share of $0.82 in the same period. Its PEG reads 0.65 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 1.83% while standing at 1.90% over the month.
Stock’s fiscal year EPS is expected to drop by -75.31% while it is estimated to increase by 23.64% 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 Wells Fargo on September 13, 2024 offering an Equal weight rating for the stock and assigned a target price of $10.50 to it. Coverage by Wolfe Research stated Sunstone Hotel Investors Inc (SHO) stock as an Outperform in their note to investors on July 10, 2024, suggesting a price target of $12 for the stock. On May 28, 2024, Robert W. Baird Upgrade their recommendations, while on May 07, 2024, Compass Point Upgrade their ratings for the stock with a price target of $12. Stock get a Neutral rating from JP Morgan on December 14, 2023.
