Sunstone Hotel Investors, Inc. 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.
IPO Year: 2004
Exchange: NYSE
Website: sunstonehotels.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $10.50 | Underweight → Equal Weight | Wells Fargo |
| 7/10/2024 | $12.00 | Peer Perform → Outperform | Wolfe Research |
| 5/28/2024 | $11.00 → $12.00 | Neutral → Outperform | Robert W. Baird |
| 5/7/2024 | $10.00 → $12.00 | Sell → Neutral | Compass Point |
| 12/14/2023 | $9.00 → $10.00 | Underweight → Neutral | JP Morgan |
| 12/8/2023 | $10.00 → $9.50 | Equal Weight → Underweight | Wells Fargo |
| 9/28/2023 | Peer Perform | Wolfe Research | |
| 6/27/2023 | $9.00 → $10.00 | Underweight → Equal-Weight | Morgan Stanley |
| 3/22/2023 | $12.00 → $9.00 | Neutral → Sell | Compass Point |
| 12/9/2022 | Mkt Perform → Underperform | Raymond James |
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
4 - Sunstone Hotel Investors, Inc. (0001295810) (Issuer)
In the last three months, 4 analysts have published ratings on Sunstone Hotel Invts (NYSE:SHO), offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 1 0 0 Analysts have recently evaluated Sunstone Hotel Invts and provided 12-month price targets. The average target is $12.0, accompanied by a high estimate of $12.00 and a low estimate of $12.00. Marki
Wolfe Research analyst Keegan Carl upgrades Sunstone Hotel Invts (NYSE:SHO) from Peer Perform to Outperform and announces $12 price target.
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Sunstone Hotel Invts (NYSE:SHO) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts have set 12-month price targets for Sunstone Hotel Invts, revealing an average target of $12.25, a high estimate of $13.00, and a low estimate of $12.00. Observing a 6.52% increase, the c
Truist Securities analyst Patrick Scholes maintains Sunstone Hotel Invts (NYSE:SHO) with a Hold and lowers the price target from $13 to $12.
Baird analyst Michael Bellisario upgrades Sunstone Hotel Invts (NYSE:SHO) from Neutral to Outperform and raises the price target from $11 to $12.
Compass Point analyst Floris Van Dijkum upgrades Sunstone Hotel Invts (NYSE:SHO) from Sell to Neutral and raises the price target from $10 to $12.
2024 Outlook For the full year 2024, the Company expects: Metric ($ in millions, except per share data) Prior Full Year 2024 Guidance (1) Adjustments (2) Adjusted Prior Full Year 2024 Guidance Current Full Year 2024 Guidance (3) Change in Full Year 2024 Guidance Midpoint Net Income $46 to $71 + $4 $50 to $75 $56 to $77 + $4 Total Portfolio RevPAR Growth (4)
Sunstone Hotel Invts (NYSE:SHO) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.17 by 11.76 percent. The company reported quarterly sales of $217.166 million which beat the analyst consensus estimate of $214.595 million by 1.20 percent. This is a 10.79 percent decrease over sales of $243.443 million the same period last year.
Truist Securities analyst Patrick Scholes maintains Sunstone Hotel Invts (NYSE:SHO) with a Hold and raises the price target from $12 to $13.
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 ended September 30, 2024. Third Quarter 2024 Operational Results (as compared to Third Quarter 2023): Net Income: Net income was $3.2 million as compared to $15.6 million.Comparable RevPAR: Comparable RevPAR decreased 1.3% to $207.56. The average daily rate was $301.69 and occupancy was 68.8%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR decreased 0.1%. Excluding The Confidante Miami Beach and the Hilton San Diego Bayfront, which was negatively impacted by
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 and the estimated resulting impact on its previously provided full-year 2024 outlook. Operations Update The Company's operations for July and August 2024 were consistent with its prior expectations and reflect continued strength in group activity, an acceleration in business travel and an anticipated market-wide moderation in leisure demand in Maui. During the first two months of the quarter, the Company generated growth in total portfolio RevPAR and Total RevPAR, excluding The Confidante Miami
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 on Tuesday, November 12, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call. About
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. Second Quarter 2024 Operational Results (as compared to Second Quarter 2023): Net Income: Net income was $26.1 million as compared to $43.1 million.Comparable RevPAR: Comparable RevPAR decreased 2.0% to $232.59. The average daily rate was $322.60 and occupancy was 72.1%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR increased 0.4%. Excluding The Confidante Miami Beach and the Marriott Long Beach Downtown, which was also under renovation in the second quarter of 2024,
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 on Wednesday, August 7, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call. About
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) today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Operational Results (as compared to First Quarter 2023): Net Income: Net income was $13.0 million as compared to $21.1 million.Comparable RevPAR: Comparable RevPAR decreased 5.1% to $223.06. The average daily rate was $325.16 and occupancy was 68.6%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR decreased 0.7%.Adjusted EBITDAre: Adjusted EBITDAre decreased 9.2% to $54.5 mi
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 "Annual Meeting") will now be held at the Company's headquarters at 15 Enterprise, Suite 200, Aliso Viejo, California 92656. The Annual Meeting will be held at the originally scheduled date and time on Friday, May 3, 2024 at 8:00 a.m., Pacific Time. Further information regarding the change in the location of the Annual Meeting can be found in the proxy supplement filed by Sunstone with the Securities and Exchange Commission on April 11, 2024. About Sunstone Hotel Investors, Inc. Sunstone Hotel I
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 affiliate of Hyatt Hotels Corporation to acquire the fee-simple interest in the 630-room Hyatt Regency San Antonio Riverwalk (the "Hotel"). The exceptionally well-located Hotel is situated directly between San Antonio's famous Riverwalk and the Alamo, the two most visited tourist sites in Texas. The acquisition includes nearly two acres of riverfront land and a 516-space parking garage, located adjacent to the Alamo Visitor Center and Museum which is currently under development. The Hotel recently underwe
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 on Monday, May 6, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call. About Sunston
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") (NYSE:SHO) today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Operational Results (as compared to Fourth Quarter 2022): Net Income: Net income was $127.0 million as compared to $17.5 million. Excluding the gain on the hotel sold during the quarter, fourth quarter 2023 net income would have been $3.2 million.Comparable RevPAR: Comparable RevPAR decreased 2.2% to $206.58. The average daily rate was $318.80 and occupancy was 64.8%.
IRVINE, Calif., Sept. 2, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE:SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced the appointment of Douglas M. Pasquale, current Chairman of the Sunstone Board, as the Company's interim Chief Executive Officer, effective immediately. This appointment follows a mutual agreement to separate between the Board of Directors and John Arabia, who will leave his role as President & Chief Executive Officer and has resigned as a Director of the Company effective immediately. These actions were not related to any matter regarding the Company's financial condition, reported fina
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 ended September 30, 2024. Third Quarter 2024 Operational Results (as compared to Third Quarter 2023): Net Income: Net income was $3.2 million as compared to $15.6 million.Comparable RevPAR: Comparable RevPAR decreased 1.3% to $207.56. The average daily rate was $301.69 and occupancy was 68.8%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR decreased 0.1%. Excluding The Confidante Miami Beach and the Hilton San Diego Bayfront, which was negatively impacted by
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 on Tuesday, November 12, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call. About
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. Second Quarter 2024 Operational Results (as compared to Second Quarter 2023): Net Income: Net income was $26.1 million as compared to $43.1 million.Comparable RevPAR: Comparable RevPAR decreased 2.0% to $232.59. The average daily rate was $322.60 and occupancy was 72.1%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR increased 0.4%. Excluding The Confidante Miami Beach and the Marriott Long Beach Downtown, which was also under renovation in the second quarter of 2024,
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 on Wednesday, August 7, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call. About
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 on Monday, May 6, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-800-715-9871 and reference Conference ID 1026321 to listen to the live call. About Sunston
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 of the Company's common stock and Series H and Series I preferred stock. Record Date Payable Date Total Distribution Per Share Ordinary Dividend Capital Gain Distribution Section 199A Dividend Common Stock, Ticker: SHO, CUSIP: 867892101 3/31/2023 4/17/2023 $0.050000 $0.000000 $0.050000 $0.000000 6/30/2023 7/17/2023 $0.050000 $0.000000 $0.050000 $0.000000 9/29/2023 10/16/2023 $0.070000 $0.000000 $0.070000 $0.000000 12/29/2023 1/16/2024 $0.130000 $0.000000 $0.130000 $0.000000 Series H Preferred St
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 full year 2023 on Friday, February 23, 2024, before the market opens. Management will hold its quarterly conference call the same day, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-888-330-3573 and reference Conference ID 4831656 to listen to the live
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 dividend of $0.13 per share of common stock. The fourth quarter dividend includes the Company's recently increased recurring quarterly dividend of $0.07 per share plus an additional $0.06 per share to distribute more of the Company's expected taxable income for 2023. The dividend will be paid in cash on January 16, 2024 to holders of record as of December 29, 2023. The fourth quarter dividend, together with the dividends paid in the first three quarters of 2023, represent an annual yield of 3.0% bas
ALISO VIEJO, Calif., Oct. 4, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE:SHO) announced that it will report financial results for the third quarter 2023 on Tuesday, November 7, 2023, before the market opens. Management will hold its quarterly conference call the same day, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). A live webcast of the call will be available through the Investor Relations section of the Company's website at www.sunstonehotels.com. A transcript of the call will also be archived on the website. Alternatively, interested parties may dial 1-888-330-3573 and reference Conference ID 4831656 to listen to the live call. About Su
Increases Quarterly Dividend ALISO VIEJO, Calif., Aug. 4, 2023 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE:SHO) today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Operational Results (as compared to Second Quarter 2022): Net Income: Net income was $43.1 million as compared to $37.7 million.Comparable RevPAR: Comparable RevPAR increased 3.6% to $245.91. The average daily rate was $319.36 and occupancy was 77.0%. RevPAR at the Company's urban and group hotels increased 10.7%.Adjusted EBITDAre: Adjusted EBITDAre, excluding noncontrolling interest increased 15.0% to $85.1 million.Adjusted FFO: Adjusted FFO attributable t
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Wells Fargo upgraded Sunstone Hotel from Underweight to Equal Weight and set a new price target of $10.50
Wolfe Research upgraded Sunstone Hotel from Peer Perform to Outperform and set a new price target of $12.00
Robert W. Baird upgraded Sunstone Hotel from Neutral to Outperform and set a new price target of $12.00 from $11.00 previously
Compass Point upgraded Sunstone Hotel from Sell to Neutral and set a new price target of $12.00 from $10.00 previously
JP Morgan upgraded Sunstone Hotel from Underweight to Neutral and set a new price target of $10.00 from $9.00 previously
Wells Fargo downgraded Sunstone Hotel from Equal Weight to Underweight and set a new price target of $9.50 from $10.00 previously
Wolfe Research initiated coverage of Sunstone Hotel with a rating of Peer Perform
Morgan Stanley upgraded Sunstone Hotel from Underweight to Equal-Weight and set a new price target of $10.00 from $9.00 previously
Compass Point downgraded Sunstone Hotel from Neutral to Sell and set a new price target of $9.00 from $12.00 previously
Raymond James downgraded Sunstone Hotel from Mkt Perform to Underperform
10-Q - Sunstone Hotel Investors, Inc. (0001295810) (Filer)
8-K - Sunstone Hotel Investors, Inc. (0001295810) (Filer)
10-Q - Sunstone Hotel Investors, Inc. (0001295810) (Filer)
8-K - Sunstone Hotel Investors, Inc. (0001295810) (Filer)
10-Q - Sunstone Hotel Investors, Inc. (0001295810) (Filer)
8-K - Sunstone Hotel Investors, Inc. (0001295810) (Filer)
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