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 declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Friday, June 30th will be paid a dividend of $0.05 per share on Monday, July 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, June 28th. View Sunstone Hotel Investors' Dividend History.

Sunstone Hotel Investors announced that its board has approved a share repurchase plan on Friday, April 7th 2017, which authorizes the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 9.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Sunstone Hotel Investors, Inc. (NYSE:SHO) issued its earnings results on Tuesday, May, 2nd. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $280.74 million for the quarter, compared to analysts' expectations of $271.02 million. Sunstone Hotel Investors had a net margin of 16.42% and a return on equity of 8.31%. View Sunstone Hotel Investors' Earnings History.

Sunstone Hotel Investors is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Sunstone Hotel Investors.

Sunstone Hotel Investors updated its FY17 earnings guidance on Tuesday, May, 2nd. The company provided earnings per share guidance of $1.14-$1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.17. Sunstone Hotel Investors also updated its Q2 guidance to $0.35-$0.37 EPS.

11 equities research analysts have issued 1 year target prices for Sunstone Hotel Investors' stock. Their predictions range from $11.00 to $17.00. On average, they expect Sunstone Hotel Investors' share price to reach $15.30 in the next twelve months. 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. " (6/23/2017)
• 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)

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), Diamondrock Hospitality Company (DRH), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Summit Hotel Properties (INN), MGM Growth Properties LLC (MGP), 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 APG Asset Management US Inc. (1.60%), Peregrine Capital Management LLC (0.30%), Bank of Montreal Can (0.22%), State of Alaska Department of Revenue (0.07%), Aperio Group LLC (0.02%) and Forsta AP Fonden (0.02%). 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 Alpha Windward LLC, James Investment Research Inc. and Aperio Group LLC. Company insiders that have sold Sunstone Hotel Investors stock in the last year include Marc Andrew Hoffman, Robert C Springer and Thomas A Lewis. View Insider Buying and Selling for Sunstone Hotel Investors.

Sunstone Hotel Investors' stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, State of Alaska Department of Revenue, Forsta AP Fonden, Peregrine Capital Management LLC and US Bancorp DE. 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 $16.09.