A share price of Sunstone Hotel Investors Inc [SHO] is currently trading at $11.30, up 0.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The SHO shares have gain 1.71% over the last week, with a monthly amount glided 5.90%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2023. In a post published today on Yahoo Finance, Returned Nearly $120 Million to Common Stockholders in 2023 Through Dividends and Share Repurchases.
From an analyst’s perspective:
Sunstone Hotel Investors Inc [NYSE: SHO] stock has seen the most recent analyst activity on December 14, 2023, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $10 from $9. Previously, Wells Fargo downgraded its rating to Underweight on December 08, 2023, and dropped its price target to $9.50. On September 28, 2023, Wolfe Research initiated with a Peer Perform rating. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $10 on June 27, 2023. Compass Point downgraded its rating to a Sell and reduced its price target to $9 on March 22, 2023. Raymond James downgraded its rating to Underperform for this stock on December 09, 2022. In a note dated December 05, 2022, Morgan Stanley initiated an Underweight rating and provided a target price of $10 on this stock.
Sunstone Hotel Investors Inc experienced fluctuations in its stock price throughout the past year between $8.56 and $11.55. Currently, Wall Street analysts expect the stock to reach $10.17 within the next 12 months. Sunstone Hotel Investors Inc [NYSE: SHO] shares were valued at $11.30 at the most recent close of the market. An investor can expect a potential drop of -10.0% based on the average SHO price forecast.
Analyzing the SHO fundamentals
Trailing Twelve Months sales for Sunstone Hotel Investors Inc [NYSE:SHO] were 986.48M which represents -10.21% decline. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.19 points at the first support level, and at 11.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.39, and for the 2nd resistance point, it is at 11.49.
Sunstone Hotel Investors Inc [SHO] reported earnings per share of $0 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.01 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.06 per share as compared to estimates of $0.04 per share, a difference of $0.02 representing a surprise of 50.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 12.08.
