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. Shareholders 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 is Thursday, September 28th. View Sunstone Hotel Investors' Dividend History.

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

Sunstone Hotel Investors, Inc. (NYSE:SHO) posted its earnings results on Tuesday, August, 1st. The company reported $0.38 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.01. The firm 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%. The business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. 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 issued an update on its third quarter earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.29 to $0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32.

10 brokerages have issued 1-year price objectives for Sunstone Hotel Investors' shares. Their predictions range from $11.00 to $18.00. On average, they expect Sunstone Hotel Investors' share price to reach $15.56 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. " (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 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 days-to-cover ratio is currently 6.3 days. Approximately 5.6% of the shares of the stock are short sold.

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 investors 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 acquired 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.