The stock of Sunstone Hotel Investors Inc (NYSE:SHO) last traded at $9.50, up 1.71% from the previous session.
As we calculate the median target price by taking the range between a high of $11.50 and a low of $8.00, we find $10.00. Given the previous closing price of $9.34, this indicates a potential upside of 7.07 percent. SHO stock price is now 2.45% away from the 50-day moving average and -3.65% away from the 200-day moving average. The market capitalization of the company currently stands at $1.97B.
Brokers who have rated the stock have averaged $9.79 as their price target over the next twelve months.
Insiders disposed of 235,145 shares of company stock worth roughly $2.23 million over the past 1 year. A total of 1.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SHO stock. A new stake in Sunstone Hotel Investors Inc shares was purchased by PANAGORA ASSET MANAGEMENT INC during the first quarter worth $8,559,000. VISION CAPITAL CORP invested $7,142,000 in shares of SHO during the first quarter. In the first quarter, CAPITAL GROWTH MANAGEMENT LP acquired a new stake in Sunstone Hotel Investors Inc valued at approximately $6,650,000. LEGATO CAPITAL MANAGEMENT LLC acquired a new stake in SHO for approximately $2,930,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in SHO valued at around $2,305,000 in the second quarter. In total, there are 328 active investors with 105.38% ownership of the company’s stock.
With an opening price of $9.12 on Thursday morning, Sunstone Hotel Investors Inc (NYSE: SHO) set off the trading day. During the past 12 months, Sunstone Hotel Investors Inc has had a low of $8.60 and a high of $11.38. According to the stock market information, the enterprise value for the company is $2.97B, which is based on a 22.62 price-to-earnings ratio, a 1.14 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for SHO is $9.27 and a two-hundred day moving average price translates $9.86 for the stock.
The latest earnings results from Sunstone Hotel Investors Inc (NYSE: SHO) was released for Jun, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.14 by 0.05. This compares to $0.18 EPS in the same period last year. The net profit margin was 8.67% and return on equity was 4.83% for SHO. The company reported revenue of $276.11 million for the quarter, compared to $251.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.88 percent. For the current quarter, analysts expect SHO to generate $240.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/16/2023. Investors who held shares on 09/29/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.23 dividend and a 2.46% percent yield. There was an ex-dividend date of 09/28/2023 for this dividend. In terms of dividend payout ratio, SHO is presently at 29.29%.
Sunstone Hotel Investors Inc(SHO) Company Profile
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (“REIT”) that as of the date of this release owns 15 hotels comprised of 7,735 rooms, the majority of which are operated under nationally recognized brands. Sunstone’s strategy is to create long-term stakeholder value through the acquisition, active ownership and disposition of hotels considered to be Long-Term Relevant Real Estate.
