Sunstone Hotel Investors (NYSE:SHO) Releases FY24 Earnings Guidance

by · The Markets Daily

Sunstone Hotel Investors (NYSE:SHO – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.75-0.80 for the period, compared to the consensus earnings per share estimate of $0.85.

Sunstone Hotel Investors Stock Performance

Shares of Sunstone Hotel Investors stock opened at $10.89 on Tuesday. Sunstone Hotel Investors has a 12 month low of $9.39 and a 12 month high of $11.59. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.21 billion, a PE ratio of 13.28, a PEG ratio of 6.29 and a beta of 1.25. The stock’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $10.25.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective for the company in a research report on Friday, September 13th. StockNews.com downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.42.

Check Out Our Latest Analysis on Sunstone Hotel Investors

About Sunstone Hotel Investors

(Get Free Report)

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.

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