When is the right time to cash out of Sunstone Hotel Investors Inc [SHO] stock?

Stocks of Sunstone Hotel Investors Inc (NYSE:SHO) traded higher last session on Wall Street, up 0.21% to $9.47.

According to the data, Sunstone Hotel Investors Inc (NYSE:SHO) has 14 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $11.50 and a low of $9.00, we find $9.50. Given the previous closing price of $9.45, this indicates a potential upside of 0.53 percent. SHO stock price is now 2.05% away from the 50-day moving average and -3.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.

A total of 9 analysts have issued a hold rating and 0 have given it a buy rating. 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.

Thursday’s opening bell rang with an opening price of $9.50 for Sunstone Hotel Investors Inc (NYSE: SHO). 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 $2.95B, which is based on a 22.55 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for SHO is $9.28 and a two-hundred day moving average price translates $9.79 for the stock.

The latest earnings results from Sunstone Hotel Investors Inc (NYSE: SHO) was released for Sep, 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 $0.10 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 $247.7 million for the quarter, compared to $244.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.39 percent. For the current quarter, analysts expect SHO to generate $240.32M in revenue.

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.

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