Sunstone Hotel Investors Company Profile (NYSE:SHO)

Sunstone Hotel Investors trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHO."

Sunstone Hotel Investors announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Saturday, September 30th will be paid a dividend of $0.05 per share on Monday, October 16th. This represents a $0.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 28th. View Sunstone Hotel Investors' Dividend History.

Sunstone Hotel Investors declared that its Board of Directors has authorized a stock repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Sunstone Hotel Investors, Inc. (NYSE:SHO) announced its earnings results on Tuesday, August, 1st. The company reported $0.38 EPS for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.01. The company had revenue of $318.80 million for the quarter, compared to analysts' expectations of $316.96 million. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. Sunstone Hotel Investors's revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. View Sunstone Hotel Investors' Earnings History.

Sunstone Hotel Investors is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Sunstone Hotel Investors.

Sunstone Hotel Investors updated its third quarter earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $0.29 to $0.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.32.

10 brokerages have issued 12 month target prices for Sunstone Hotel Investors' shares. Their predictions range from $11.00 to $18.00. On average, they expect Sunstone Hotel Investors' stock price to reach $15.56 in the next year. View Analyst Ratings for Sunstone Hotel Investors.

Here are some recent quotes from research analysts about Sunstone Hotel Investors stock:

• 1. According to Zacks Investment Research, "Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. " (8/8/2017)
• 2. Canaccord Genuity analysts commented, "We expect SHO to trade up tomorrow and believe it has the potential to bring other lodging REITs with it." (5/3/2017)

Sunstone Hotel Investors saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 12,298,911 shares, an increase of 54.0% from the July 31st total of 7,986,094 shares. Based on an average trading volume of 1,956,188 shares, the short-interest ratio is presently 6.3 days. Approximately 5.6% of the company's shares are sold short.

Some companies that are related to Sunstone Hotel Investors include Park Hotels & Resorts (PK), Hospitality Properties Trust (HPT), Apple Hospitality REIT (APLE), Strategic Hotels and Resorts (BEE), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP) and Ashford Hospitality Prime (AHP).

Sunstone Hotel Investors' management team includes the folowing people:

• John V. Arabia, President, Chief Executive Officer, Director
• Bryan Albert Giglia, Chief Financial Officer, Executive Vice President
• Marc Andrew Hoffman, Executive Vice President, Chief Operating Officer
• Robert C. Springer, Executive Vice President, Chief Investment Officer
• David M. Klein, Senior Vice President, General Counsel
• Douglas M. Pasquale, Non-Executive Independent Chairman of the Board
• W. Blake Baird, Independent Director
• Andrew Batinovich, Independent Director
• Z. Jamie Behar, Independent Director
• Thomas A. Lewis Jr., Independent Director

Sunstone Hotel Investors' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.75%), BlackRock Inc. (8.79%), Daiwa Securities Group Inc. (6.67%), Principal Financial Group Inc. (5.51%), State Street Corp (3.87%) and FMR LLC (2.67%). Company insiders that own Sunstone Hotel Investors stock include David Ryan Sloan, Keith Locker, Keith P Russell, Marc Andrew Hoffman, Robert C Springer and Thomas A Lewis. View Institutional Ownership Trends for Sunstone Hotel Investors.

Sunstone Hotel Investors' stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Adelante Capital Management LLC, Cbre Clarion Securities LLC, Daiwa Securities Group Inc., Presima Inc., Citigroup Inc., LSV Asset Management and Principal Financial Group Inc.. View Insider Buying and Selling for Sunstone Hotel Investors.

Sunstone Hotel Investors' stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Franklin Resources Inc., Frontier Capital Management Co. LLC, Ameriprise Financial Inc., American Century Companies Inc., Goldman Sachs Group Inc., Northern Trust Corp and Chicago Equity Partners LLC. View Insider Buying and Selling for Sunstone Hotel Investors.

Shares of Sunstone Hotel Investors can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sunstone Hotel Investors stock can currently be purchased for approximately $15.93.