Sunstone Hotel Investors, Inc. (SHO)
Market Cap | 2.01B |
Revenue (ttm) | 910.26M |
Net Income (ttm) | 154.04M |
Shares Out | 200.90M |
EPS (ttm) | 0.76 |
PE Ratio | 13.21 |
Forward PE | 78.25 |
Dividend | $0.36 (3.60%) |
Ex-Dividend Date | Sep 30, 2024 |
Volume | 1,366,387 |
Open | 9.99 |
Previous Close | 10.06 |
Day's Range | 9.95 - 10.07 |
52-Week Range | 9.39 - 11.59 |
Beta | 1.25 |
Analysts | Hold |
Price Target | 11.42 (+14.2%) |
Earnings Date | Nov 12, 2024 |
About SHO
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. [Read more]
Financial Performance
In 2023, Sunstone Hotel Investors's revenue was $985.98 million, an increase of 8.22% compared to the previous year's $911.05 million. Earnings were $191.73 million, an increase of 164.12%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for SHO stock is "Hold." The 12-month stock price forecast is $11.42, which is an increase of 14.20% from the latest price.
News
Sunstone Hotel Investors, Inc. (SHO) Q3 2024 Earnings Call Transcript
Sunstone Hotel Investors, Inc. (NYSE:SHO) Q3 2024 Earnings Conference Call November 12, 2024 12:00 PM ET Company Participants Aaron Reyes – Chief Financial Officer Bryan Giglia – Chief Executive Offi...
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2024
Refinances Only 2024 Maturity ALISO VIEJO, Calif. , Nov. 12, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the third quarter...
Sunstone Hotel Investors: 6.74% Preferred Shares Are Losing Appeal
Sunstone Hotel Investors' preferred shares are attractive due to a robust balance sheet and excellent dividend coverage, despite a recent AFFO guidance reduction. The preferred dividends are well-cove...
SUNSTONE HOTEL INVESTORS PROVIDES OPERATIONS UPDATE
ALISO VIEJO, Calif. , Oct. 10, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today provided an update on recent operating activity for the third quarter...
SUNSTONE HOTEL INVESTORS SCHEDULES THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
ALISO VIEJO, Calif. , Sept. 30, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the third quarter 2024...
Sunstone Hotel Investors, Inc. (SHO) Q2 2024 Earnings Call Transcript
Sunstone Hotel Investors, Inc. (NYSE:SHO) Q2 2024 Earnings Conference Call August 7, 2024 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Bryan Giglia - Chief Executive Officer...
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2024
ALISO VIEJO, Calif. , Aug. 7, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2024.
The Dangers Of High Yield Preferreds
Some high yield preferreds offer stable double-digit yields and potential for capital gains, trading at discounts to par value. Preferreds are paid through dividends, liquidation preference, and redem...
Sunstone Hotel: Better Wait For A Better Price
Sunstone manages a high-quality hotel portfolio located in coastal markets. It has good growth prospects and very low leverage, but also a low dividend yield. The valuation is not very attractive, whi...
SUNSTONE HOTEL INVESTORS SCHEDULES SECOND QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
ALISO VIEJO, Calif. , June 24, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the second quarter 2024...
Sunstone Hotel Investors: 7.2%-Yielding Preferred Shares Offer Great Risk/Reward
The Sunstone Hotel Investors, Inc. preferred share price of the Series H has come down from a Q1 spike. Sunstone Hotel Investors reported a net income of $13M in Q1, with a decrease in AFFO per share ...
Sunstone Hotel Investors, Inc. (SHO) Q1 2024 Earnings Call Transcript
Sunstone Hotel Investors, Inc. (NYSE:SHO) Q1 2024 Earnings Conference Call May 6, 2024 12:00 PM ET Company Participants Aaron Reyes - CFO Bryan Giglia - CEO Robert Springer - President and Chief Inve...
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2024
Acquires the Hyatt Regency San Antonio Riverwalk Increases Quarterly Dividend ALISO VIEJO, Calif. , May 6, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO)...
SUNSTONE HOTEL INVESTORS ANNOUNCES CHANGE IN LOCATION OF 2024 ANNUAL MEETING OF STOCKHOLDERS
ALISO VIEJO, Calif., April 11, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced that its upcoming 2024 Annual Meeting of Stockholders (the ...
SUNSTONE HOTEL INVESTORS TO ACQUIRE HYATT REGENCY SAN ANTONIO RIVERWALK
ALISO VIEJO, Calif. , April 10, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has entered into a definitive agreement with an affiliat...
SUNSTONE HOTEL INVESTORS SCHEDULES FIRST QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
ALISO VIEJO, Calif. , April 2, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the first quarter 2024 ...
Picking A Winner In Hotel REITs
Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards ser...
Sunstone Hotel: The 7% Yielding Preferred Shares Are Still Interesting
Sunstone Hotel Investors' preferred dividends are well covered and offer a reliable stream of quarterly dividends. The FFO and AFFO performance of Sunstone indicate the stock is currently relatively a...
Sunstone Hotel Investors, Inc. (SHO) Q4 2023 Earnings Call Transcript
Sunstone Hotel Investors, Inc. (SHO) Q4 2023 Earnings Call Transcript
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2023
Returned Nearly $120 Million to Common Stockholders in 2023 Through Dividends and Share Repurchases ALISO VIEJO, Calif. , Feb. 23, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or...
SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS
ALISO VIEJO, Calif. , Jan. 25, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced the following tax treatment of the 2023 distributions to holders ...
SUNSTONE HOTEL INVESTORS SCHEDULES FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
ALISO VIEJO, Calif. , Jan. 3, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the fourth quarter and f...
Sunstone Hotel Investors: Should You Buy The 2.76% Commons Dividend Yield?
Sunstone Hotel Investors is paying out a 2.76% base annualized dividend yield. The REIT also declared a 6 cents per share end-of-year supplemental. The REIT is trading hands for 11x its price to annua...
SUNSTONE HOTEL INVESTORS DECLARES FOURTH QUARTER DIVIDEND ON COMMON STOCK
ALISO VIEJO, Calif. , Dec. 6, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced that its Board of Directors has declared a fourth quarter di...
Sunstone Hotel Investors, Inc. (SHO) Q3 2023 Earnings Call Transcript
Sunstone Hotel Investors, Inc. (NYSE:SHO) Q3 2023 Earnings Call Transcript November 7, 2023 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Bryan Giglia - Chief Executive Offic...