Sunstone Hotel Investors (NYSE:SHO) Upgraded by Zacks Investment Research to Buy

Sunstone Hotel Investors stock has undergone multiple analysts rating changes in the recent past.  Sunstone Hotel Investors Upgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Sunstone Hotel Investors traded down -$0.24 on Wednesday, reaching $12.17. 0 shares of the stock traded hands, compared to its average volume of 3332718. Shares of Sunstone Hotel Investors were trading at $12.17 on Wednesday. The firm’s 50 day moving average is $11.75 and its 200 day moving average is $12.11.Sunstone Hotel Investors has a 12 month low of $12.02 and a 12 month high of $13.74. While on yearly highs and lows, Sunstone Hotel Investors’s today has traded high as $12.39 and has touched $12.02 on the downward trend. See More Analyst Rating at: RATING

Sunstone Hotel Investors Earnings and What to expect: 

Sunstone Hotel Investors last issued its quarterly earnings data on August 3rd, 2021. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.11. The firm had revenue of $117.21 million for the quarter, compared to analysts’ expectations of $94.92 million. Sunstone Hotel Investors has generated ($0.73) earnings per share over the last year (($1.04) diluted earnings per share). Earnings for Sunstone Hotel Investors are expected to grow by 1,875.00% in the coming year, from $0.04 to $0.79 per share. Sunstone Hotel Investors has confirmed that its next quarterly earnings report will be published on Thursday, November 4th, 2021. Sunstone Hotel Investors will be holding an earnings conference call on Friday, November 5th at 12:00 PM Eastern. Interested parties can or dial in at 844-915-4230 with passcode “2757771”.

Earnings for Sunstone Hotel Investors are expected to grow by 1,875.00% in the coming year, from $0.04 to $0.79 per share. The P/E ratio of Sunstone Hotel Investors is -11.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Sunstone Hotel Investors is -11.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Sunstone Hotel Investors has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Sunstone Hotel Investors (NYSE:SHO) Moving Average Technical Analysis

5 day Moving Average is $12.40 And 5 day price change is -$0.21 (-1.70%)  with average volume for 5 day average is 2,123,920. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $12.22 and 20 day price change is $0.10 (0.83%) and average 20 day moving volume is 3,107,880. 50 day moving average is $11.75  and 50 day price change is $0.82 ( 7.22%)  and with average volume for 50 days is : 2,898,036. 200 day moving average is $12.11  and 200 day price change is $0.75 (6.57%)  and with average volume for 200 days is : 2,250,434.

Other owners latest trading in Sunstone Hotel Investors :

  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 111,966 which equates to market value of $1.34M and appx 0.00% owners of Sunstone Hotel Investors
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 3,261,160 which equates to market value of $40.50M and appx 0.10% owners of Sunstone Hotel Investors
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 433,972 which equates to market value of $5.39M and appx 0.00% owners of Sunstone Hotel Investors
  • In total Institutional ownership equates to Institutional Ownership Percentage: 97.17% for Sunstone Hotel Investors

See More Analyst Rating at: RATING