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

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 (EPS) guidance of $0.75-0.80 for the period, compared to the consensus estimate of $0.85.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock traded down $0.38 during trading on Tuesday, reaching $10.51. 8,238,696 shares of the company's stock were exchanged, compared to its average volume of 2,035,600. The stock has a market capitalization of $2.14 billion, a PE ratio of 13.28, a PEG ratio of 6.29 and a beta of 1.25. Sunstone Hotel Investors has a twelve month low of $9.39 and a twelve month high of $11.59. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average price is $10.32 and its 200-day moving average price is $10.25.

Analysts Set New Price Targets

Several research analysts recently weighed in on SHO shares. StockNews.com downgraded shares of Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 price target on the stock in a research note on Friday, September 13th. One equities research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.42.

Sunstone Hotel Investors Company Profile

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.