Sunstone Hotel Investors Inc. is Setting Up for a Big Move

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The company has been bouncing back from the pandemic as the company has seen recent acceleration in bookings across all its business segments. For instance, four of the company’s hotels including Oceans Edge, Chicago Embassy Suites, Hyatt Chicago and Wailea Beach Resort achieved higher room rates in the most recent quarter than in the first quarter of 2019.

While the company only had $320 million in cash as of the most recent quarter, it has almost no short-term debt. Recent sales growth is down, but sales are expected to soar 310% in the current quarter and earnings are forecasted to rise 60%. The stock appears undervalued with a trailing P/E of 15.94, but is up 43% over the past year.

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