As of Thursday close, Sunstone Hotel Investors Inc.’s (NYSE:SHO) stock was down -$0.08, moving down -0.88 percent to $9.02. The average number of shares traded per day over the past five days has been 2,253,560 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 2,224,065, while in the previous 50 days, it was 2,343,678.
Since last month, SHO stock rose 3.44%. Shares of the company fell to $8.61 on 08/25/23, the lowest level in the past month. A 52-week high of $11.38 was reached on 02/02/23 after having rallying from a 52-week low of $8.60. Since the beginning of this year, SHO’s stock price has dropped by -6.63% or -$0.64, and marked a new high 12 times. However, the stock has declined by -20.70% since its 52-week high.
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Valuation Metrics
Right now, Sunstone Hotel Investors Inc. (SHO) has a P/E ratio of about 21.53. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.82, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 8.14 may also be considered.
The latest dividend of $0.07 per share was paid out, which is 40.0% more than last year’s $0.05.
Financial Health
In the three months ended June 29, Sunstone Hotel Investors Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.45, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 62.40% percent. In the year ended June 29, EBITDA margin amounted to 25.17%, whereas operating margins totaled 14.00%. Based on annual data, SHO earned $592.62 million in gross profit and brought in $912.05 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.60%. Return on equity (ROE) for the past 12 months was 4.80%.
In Sunstone Hotel Investors Inc.’s quarter-end financial report for June 29, it reported total debt of $812.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SHO’s revenue rose 8.99% to $243.44 million during the quarter, while net income inched up to $276.11 million. While analysts expected Sunstone Hotel Investors Inc. to report $0.14 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 35.70%. During the quarter, the company generated $84.83 million in EBITDA. The liabilities of Sunstone Hotel Investors Inc. were 985.09 million at the end of its most recent quarter ended June 29, and its total debt was $833.84 million. The value of shareholders’ equity is $207.19 million.
Technical Picture
This quick technical analysis looks at Sunstone Hotel Investors Inc.’s (SHO) price momentum. With a historical volatility rate of 24.19%, the RSI 9-day stood at 43.94% on 21 September.
With respect to its five-day moving average, the current Sunstone Hotel Investors Inc. price is down by -1.53% percent or -$0.14. At present, SHO shares trade +2.62% above its 20-day simple moving average and -5.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.51% below its SMA50 and -17.10% below its SMA200.
Stochastic coefficient K was 51.94% and Stochastic coefficient D was 64.84%, while ATR was 0.21. Given the Stochastic reading of 36.43% for the 14-day period, the RSI (14) reading has been calculated as 44.99%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at 0.01.
Analyst Ratings
Morgan Stanley upgraded its rating on Sunstone Hotel Investors Inc. (NYSE: SHO) to an Equal-weight in a note to investors on June 27, 2023. The analysts firm previously had an Underweight rating on the stock.Sunstone Hotel Investors Inc. (SHO) has been rated Underweight by analysts. According to 4 brokerage firms, SHO is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Sunstone Hotel Investors Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $8.00 – $11.50. Based on these forecasts, analysts predict Sunstone Hotel Investors Inc. (SHO) will achieve an average price target of $9.88.
