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

Sunstone Hotel Investors (NYSE:SHO) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $0.75-0.80 for the period, compared to the consensus EPS estimate of $0.85.

Analyst Upgrades and Downgrades

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

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $10.89 on Tuesday. The company’s 50-day moving average is $10.32 and its 200-day moving average is $10.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. The firm 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. Sunstone Hotel Investors has a fifty-two week low of $9.39 and a fifty-two week high of $11.59.

About Sunstone Hotel Investors

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.