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Sunstone Hotel Investors Inc. (SHO) Falls -3.96%, Causing Bears To Lose

Sunstone Hotel Investors Inc. (NYSE:SHO) has a beta value of 1.24 and has seen 1.08 million shares traded in the recent trading session. The company, currently valued at $2.37B, closed the recent trade at $10.67 per share which meant it lost -$0.44 on the day or -3.96% during that session. The SHO stock price is -30.37% off its 52-week high price of $13.91 and 12.84% above the 52-week low of $9.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.34 million shares traded. The 3-month trading volume is 4.25 million shares.

The consensus among analysts is that Sunstone Hotel Investors Inc. (SHO) is a Hold stock at the moment, with a recommendation rating of 3.20. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 12 have rated it as a Hold, with 1 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.06.

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Sunstone Hotel Investors Inc. (NYSE:SHO) trade information

Sporting -3.96% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the SHO stock price touched $10.67 or saw a rise of 6.81%. Year-to-date, Sunstone Hotel Investors Inc. shares have moved -5.29%, while the 5-day performance has seen it change -0.71%. Over the past 30 days, the shares of Sunstone Hotel Investors Inc. (NYSE:SHO) have changed -5.45%. Short interest in the company has seen 13.04 million shares shorted with days to cover at 3.6.

Wall Street analysts have a consensus price target for the stock at $12.00, which means that the shares’ value could jump 11.08% from the levels at last check today. The projected low price target is $10.00 while the price target rests at a high of $13.00. In that case, then, we find that the latest price level in today’s session is -21.84% off the targeted high while a plunge would see the stock lose 6.28% from the levels at last check today.

Sunstone Hotel Investors Inc. (SHO) estimates and forecasts

Figures show that Sunstone Hotel Investors Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.98% over the past 6 months, with this year growth rate of 2,025.00%, compared to 4.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 137.50% and 153.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 63.00%.

9 analysts offering their estimates for the company have set an average revenue estimate of $218.61 million for the current quarter. 8 have an estimated revenue figure of $225.18 million for the next quarter concluding in Sep 2022. Year-ago sales stood $103.76 million and $156.5 million respectively for this quarter and the next, and analysts expect sales will grow by 110.70% for the current quarter and 43.90% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -35.10% over the past 5 years. Earnings growth for 2022 is a modest 103.20% while over the next 5 years, the company’s earnings are expected to increase by 19.90%.

SHO Dividends

Sunstone Hotel Investors Inc. is expected to release its next earnings report between May 02 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 1.80%. The company’s dividend yield has gone up over the past 12 months.

Sunstone Hotel Investors Inc. (NYSE:SHO)’s Major holders

Insiders own 1.71% of the company shares, while shares held by institutions stand at 105.21% with a share float percentage of 107.04%. Investors are also buoyed by the number of investors in a company, with Sunstone Hotel Investors Inc. having a total of 330 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 32.19 million shares worth more than $379.2 million. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 14.96% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 20.44 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $240.8 million and represent 9.50% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Janus Henderson Small Cap Value Fund. As of Apr 29, 2022, the former fund manager holds about 4.89% shares in the company for having 10.53 million shares of worth $129.01 million while later fund manager owns 6.63 million shares of worth $78.15 million as of Mar 30, 2022, which makes it owner of about 3.08% of company’s outstanding stock.

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