Sunstone Hotel Investors with ticker code (SHO) have now 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 11.5 and 9 calculating the mean target price we have $10.25. Given that the stocks previous close was at $8.87 this now indicates there is a potential upside of 15.6%. The 50 day moving average now sits at $10.31 and the 200 day MA is $10.46. The company has a market capitalization of $1,864m. Company Website: https://www.sunstonehotels.com
The potential market cap would be $2,154m based on the market consensus.
Sunstone Hotel Investors is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
The company has a dividend yield of 2.25% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 26.32, revenue per share of 4.29 and a 2.04% return on assets.
