Sunstone Hotel Investors Inc (NYSE: SHO) is 1.03% higher on its value in year-to-date trading and has touched a low of $8.56 and a high of $11.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHO stock was last observed hovering at around $10.94 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $10.84, the stock is -2.97% and -0.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -0.91% at the moment leaves the stock 8.26% off its SMA200. SHO registered 22.88% gain for a year compared to 6-month gain of 21.78%. The firm has a 50-day simple moving average (SMA 50) of $2.93 and a 200-day simple moving average (SMA200) of $7.47.
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The stock witnessed a -2.43% loss in the last 1 month and extending the period to 3 months gives it a 0.09%, and is -1.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.91% over the month.
Sunstone Hotel Investors Inc (SHO) has around 40 employees, a market worth around $2.21B and $986.48M in sales. Current P/E ratio is 11.58 and Fwd P/E is 37.90. Profit margin for the company is 19.50%. Distance from 52-week low is 26.68% and -6.47% from its 52-week high. The company has generated returns on investments over the last 12 months (6.58%).
Sunstone Hotel Investors Inc quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $215.66M over the same period.The EPS is expected to shrink by -78.45% this year, but quarterly earnings will post -7.10% year-over-year. Quarterly sales are estimated to shrink -6.00% in year-over-year returns.
Sunstone Hotel Investors Inc (SHO) Top Institutional Holders
353 institutions hold shares in Sunstone Hotel Investors Inc (SHO), with institutional investors hold 102.56% of the company’s shares. The shares outstanding are 203.48M, and float is at 201.31M with Short Float at 6.69%. Institutions hold 101.44% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 38.22 million shares valued at $414.31 million. The investor’s holdings represent 18.76% of the SHO Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 32.21 million shares valued at $349.16 million to account for 15.81% of the shares outstanding. The other top investors are State Street Corporation which holds 13.48 million shares representing 6.62% and valued at over $146.13 million, while Rush Island Management, LP holds 4.49% of the shares totaling 9.14 million with a market value of $99.06 million.
