Sunstone Hotel Investors Inc [NYSE: SHO] slipped around -0.07 points on Thursday, while shares priced at $10.21 at the close of the session, down -0.68%.
Compared to the average trading volume of 2.09M shares, SHO reached a trading volume of 3647883 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Sunstone Hotel Investors Inc [SHO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHO shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHO stock is a recommendation set at 3.15. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Sunstone Hotel Investors Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 10, 2024. While these analysts kept the previous recommendation, Robert W. Baird raised their target price from $11 to $12. The new note on the price target was released on May 28, 2024, representing the official price target for Sunstone Hotel Investors Inc stock. Previously, the target price had yet another raise from $10 to $12, while Compass Point kept a Neutral rating on SHO stock. On December 14, 2023, analysts increased their price target for SHO shares from 9 to 10.
The Average True Range (ATR) for Sunstone Hotel Investors Inc is set at 0.23, with the Price to Sales ratio for SHO stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 1.15. Price to Free Cash Flow for SHO in the course of the last twelve months was 37.87.
How has SHO stock performed recently?
Sunstone Hotel Investors Inc [SHO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.49. With this latest performance, SHO shares dropped by -0.58% in over the last four-week period, additionally sinking by -8.10% over the last 6 months – not to mention a rise of 17.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHO stock in for the last two-week period is set at 53.72, with the RSI for the last a single of trading hit 57.22, and the three-weeks RSI is set at 51.87 for Sunstone Hotel Investors Inc [SHO]. The present Moving Average for the last 50 days of trading for this stock 10.17, while it was recorded at 10.17 for the last single week of trading, and 10.46 for the last 200 days.
Earnings analysis for Sunstone Hotel Investors Inc [SHO]
With the latest financial reports released by the company, Sunstone Hotel Investors Inc posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunstone Hotel Investors Inc go to 19.90%.
Insider trade positions for Sunstone Hotel Investors Inc [SHO]
There are presently around $100.99%, or 102.13%% of SHO stock, in the hands of institutional investors. The top three institutional holders of SHO stocks are: BLACKROCK INC. with ownership of 37.32 million shares, which is approximately 18.4184%. VANGUARD GROUP INC, holding 31.65 million shares of the stock with an approximate value of $$331.06 million in SHO stocks shares; and VANGUARD GROUP INC, currently with $$126.9 million in SHO stock with ownership which is approximately 5.9371%.
