Sunstone Hotel (NYSE:SHO) had declared $0.05/share quarterly dividend.Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept.
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Sunstone Hotel Investors Inc. (SHO)’s stock is trading at $10.72 at the moment marking a fall of -3.51% from the last session close. As of this writing, shares are priced at -22.93% less than their 52-week high of $13.91, and 15.33% over their 52-week low of $9.30. Based on the past 30-day period, the stock […]
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In Wednesday’s session, Sunstone Hotel Investors Inc. (NYSE:SHO) marked $11.36 per share, up from $11.19 in the previous session. While Sunstone Hotel Investors Inc. has overperformed by 1.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SHO fell by -6.50%, with highs and lows ranging from […]
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Sunstone Hotel Investors (SHO) said Wednesday that its operating statistics for all of its 15 hotels turned lower in August vs
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Sunstone Hotel Investors Inc. (NYSE:SHO) closed Thursday at $10.96 per share, down from $11.10 a day earlier. While Sunstone Hotel Investors Inc. has underperformed by -1.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SHO fell by -10.31%, with highs and lows ranging from $13.91 to […]
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Sunstone Hotel Investors Inc. (SHO)’s stock is trading at $11.03 at the moment marking a fall of -0.09% from the last session close. As of this writing, shares are priced at -20.70% less than their 52-week high of $13.91, and 18.67% over their 52-week low of $9.30. Based on the past 30-day period, the stock […]
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Sunstone Hotel Investors, Inc. (NYSE:NYSE:SHO) Q2 2022 Results Conference Call August 3, 2022 12:00 PM ET Company Participants Aaron Reyes - Chief Financial Officer Doug Pasquale -…
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SHO earnings call for the period ending June 30, 2022.
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Completes Acquisition of The Confidante Miami Beach and the Remaining 25% JV Interest in the Hilton San Diego Bayfront Amends Credit Agreement to Extend Maturities and Increase Debt Capacity Continues Share Repurchases and Reinstates Common Dividend IRVINE, Calif. , Aug. 3, 2022 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the lodging industry, today announced results for the second quarter ended June 30, 2022 . Second Quarter 2022 Operational Results (as compared to Second Quarter 2021): Net Income (Loss): Net income was $37.7 million as compared to a net loss of $27.9 million . Comparable Portfolio RevPAR: RevPAR at the comparable 12 hotels the Company owned during both 2022 and 2021 plus The Confidante Miami Beach (the "Comparable Portfolio"), increased 98.4% to $220.37 . The average daily rate was $295.40 and occupancy was 74.6%. Total Portfolio RevPAR: RevPAR at the 15 hotels, which includes the Comparable Portfolio, the Montage Healdsburg and the Four Seasons Resort Napa Valley (the "Total Portfolio"), was $237.28 .
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Sunstone Hotel Investors found using ticker (SHO) now have 10 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 13.5 and 10.5 and has a mean target at 12.1. With the stocks previous close at 11.17 this now indicates there is a potential upside of 8.3%. The 50 day moving average now sits at 10.77 while the 200 day moving average is 11.43. The company has a market capitalisation of $2,422m. Visit the company website at: https://www.sunstonehotels.com [stock_market_widget type="chart" template="basic" color="green" assets="SHO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,624m based on the market concensus. Sunstone Hotel Investors 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.
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Sunstone Hotel Investors (SHO) has entered into a second amended and restated credit agreement which expands the company''s unsecured borrowing capacity and extends the maturity of…
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Sunstone Hotel Investors Inc. (NYSE:SHO) price closed lower on Tuesday, July 26, dropping -1.48% below its previous close. A look at the daily price movement shows that the last close reads $10.78, with intraday deals fluctuated between $10.61 and $10.8675. The company’s 5Y monthly beta was ticking 1.33 while its P/E ratio in the trailing … Why Have Sunstone Hotel Investors Inc. (NYSE: SHO) Shares Declined So Much? Read More »
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Sunstone Hotel Investors with ticker code (SHO) now have 10 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 13.5 and 10.5 with a mean TP of 12.1. Given that the stocks previous close was at 10.89 this now indicates there is a potential upside of 11.1%. There is a 50 day moving average of 10.82 while the 200 day moving average is 11.46. The market cap for the company is $2,277m. Find out more information at: https://www.sunstonehotels.com [stock_market_widget type="chart" template="basic" color="green" assets="SHO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,530m based on the market concensus. Sunstone Hotel Investors 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.
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Sunstone Hotel Investors has a history of running a very clean balance sheet. Read why the preferred shares are an excellent idea for a portfolio.
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Sunstone Hotel Investors (SHO) will replace Vonage (VG) in the S&P SmallCap 600 effective July 21 after market opens.The replacement is led by Telefonaktiebolaget LM Ericsson…
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NEW YORK, July 18, 2022: Sunstone Hotel Investors Inc. (NYSE:SHO) will replace Vonage Holdings Corp. (NASD:VG) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 21. Telefonaktiebolaget LM Ericsson (XSTO:ERIC B/XNAS: ERIC) is acquiring Vonage Holdings in a deal expected to be completed soon pending final closing conditions.
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Sunstone Hotel Investors found using ticker (SHO) now have 10 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 14 and 11 with the average target price sitting at 12.5. With the stocks previous close at 9.83 this now indicates there is a potential upside of 27.2%. The day 50 moving average is 11.18 and the 200 moving average now moves to 11.57. The market capitalisation for the company is $2,078m. Visit the company website at: https://www.sunstonehotels.com [stock_market_widget type="chart" template="basic" color="green" assets="SHO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,642m based on the market concensus. Sunstone Hotel Investors 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.
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IRVINE, Calif. , June 27, 2022 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the lodging industry, announced that it will report financial results for the second quarter 2022 on Wednesday, August 3, 2022 , before the market opens. Management will hold its quarterly conference call the same day, … Full story available on Benzinga.com
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Sunstone Hotel Investors Inc (SHO) shares closed today at 0.3% above its 52 week low of $9.91, giving the company a market cap of $2B. The stock is currently down 14.8% year-to-date, down 24.5% over the past 12 months, and down 29.8% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Trading volume this week was 1.8% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 3.2% lower than its 5-day moving average, 13.4% lower than its 20-day moving average, and 13.6% lower than its 90-day moving average.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -53.8% The company's stock price performance over the past 12 months beats the peer average by -33.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 58.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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The following slide deck was published by Sunstone Hotel Investors, Inc.
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Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two real estate investment trusts (REITs) focused on the lodging sector: Chatham Lodging Trust (NYSE: CLDT ) and Sunstone Hotel Investors Inc (NYSE: SHO ). The Case For Chatham Lodging Trust: This REIT was organized in October 2009 by Jeffrey H. Fisher , who founded the lodging REIT Innkeepers USA Trust in 1994 and ran it through 2007, when he sold it for $1.5 billion. Prior to that, he was president and CEO of JF Hotel Management, Inc. Chatham Lodging Trust, which went public in April 2010, currently owns 43 hotels totaling 6,451 rooms/suites in 16 states and the District of Columbia. Among its recent corporate developments were last month’s sale of four hotels (three in Texas and one in Massachusetts) for approximately $80 million, and the first quarter opening of the 170-suite Home2 Suites by Hilton Woodland Hills Warner Center in Los Angeles and the off-market acquisition of the beachside 111-room Hilton Garden Inn Destin Miramar Beach in Florida for $31 million.
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Lodging REIT stocks have been standing out in the real estate sector YTD, as business travel starts to pick up, adding to the leisure sector recovery
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Lodging REIT Sunstone Hotel Investors (SHO) has priced their previously announced preferred stock issue. The issue prices at 5.70%.425% below their last new issue 2 months ago. The issue is cumulative and non-qualified. It is unrated. Proceeds from sale of 4 million shares will be used to redeem the SHO-F 6.45% issue which became redeemable Continue reading "Sunstone Hotel Investors Prices New Preferred" The post Sunstone Hotel Investors Prices New Preferred first appeared on Innovative Income Investor .
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IRVINE, Calif., July 13, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced that it has priced an underwritten public offering of 4,000,000 shares of its 5.70%
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Lodging REIT Sunstone Hotel Investors (SHO) is back to sell a new issue of preferred shares, just 2 months after their last issue. The company sold a 6.125% preferred (SHO-H) on 5/11/2021 and the shares have traded extremely strongas high as $28.30 or so. The new issue proceeds will be used to redeem the 6.45% Continue reading "Sunstone Hotels Investors Back for a New Preferred Offering" The post Sunstone Hotels Investors Back for a New Preferred Offering first appeared on Innovative Income Investor .
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IRVINE, Calif. , July 8, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced that it has completed amendments to the agreements governing its in-place unsecured debt, including the Company''s $500 million revolving credit facility, $185 million of funded term loan facilities and $205 million of outstanding private placement senior notes. Pursuant to the terms of the amendments, certain restrictions limiting the aggregate value of unencumbered hotel acquisitions that the Company can complete during the covenant waiver period have been removed. Following the amendments, the Company is no longer subject to the restrictive covenant limiting non-equity funded acquisitions to a maximum of $250 million . Additionally, provided that an event of default has not occurred, the agreement governing Sunstone''s revolving credit facility and funded term loans no longer requires a mandatory prepayment from net proceeds received from asset sales or equity issuances.
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IRVINE, Calif., June 30, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced that it will report financial results for the second
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IRVINE, Calif. , June 9, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced that its Board of Directors has declared a cash dividend of $0.157378 per share payable to its Series H cumulative redeemable preferred stockholders. The dividend on the Series H preferred stock reflects the time period from May 24, 2021 to June 30, 2021 and will be paid on July 15, 2021 to stockholders of record as of June 30, 2021 . About Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that as of the date of this release has interests in 18 hotels comprised of 9,147 rooms, the majority of which are operated under nationally recognized brands. Sunstone''s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®. For further information, please visit Sunstone''s website at www.sunstonehotels.com .
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Sunstone Hotel Investors with ticker code (SHO) now have 12 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 15 and 10 with a mean TP of 12.88. With the stocks previous close at 12.82 this now indicates there is a potential upside of .5%. The day 50 moving average is 12.64 and the 200 moving average now moves to 11.94. The market cap for the company is $2,789m. Find out more information at: /> [stock_market_widget type="chart" symbol="SHO" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Sunstone Hotel Investors 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. This article Sunstone Hotel Investors Consensus Indicates Potential .
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Wed, May 26, 2021 12:00 - Sunstone Hotel Investors, Inc. ( SHO.PRH : NYSE) - Venue Change - The symbol, SHO.PRH, no longer trades on OTC Link. As of Wed, May 26, 2021, SHO.PRH trades on NYSE. You may find a complete list of venue changes at otcmarkets.com .
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IRVINE, Calif. , May 12, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced that it has priced an underwritten public offering of 4,000,000 shares of its 6.125% Series H Cumulative Redeemable Preferred Stock (the "Series H Preferred Stock") for gross proceeds of $100 million . The Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares solely to cover over-allotments, if any. The joint book-running managers for this offering are Wells Fargo Securities, J.P. Morgan and BofA Securities. The joint lead managers for this offering are PNC Capital Markets LLC and US Bancorp. The co-managers for this offering are BBVA Securities, Citigroup and Scotiabank. The offering is expected to close on May 24, 2021 , subject to the satisfaction of customary closing conditions. The Company expects to contribute the net proceeds from this offering to Sunstone Hotel Partnership, LLC, its wholly owned subsidiary (the "Operating Partnership"), in exchange for preferred membership units in the Operating Partnership.
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Sunstone Hotel Investors (NYSE:SHO) had its target price upped by research analysts at Morgan Stanley from $11.00 to $12.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the real estate investment trusts stock. Morgan Stanleys price objective points to a potential downside of 1.96% from []
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Deutsche Bank Stick to Their Hold Rating for Sunstone Hotel Investors
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Robert W. Baird Stick to Their Hold Rating for Sunstone Hotel Investors
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Time To Go All-In The "Big Short 3.0"? 80% Of New York Hotels On Verge Of Default Tyler Durden Fri, 11/13/2020 - 17:59 Now that hedge funds have finally started piling into the " Big Short 3.0" trade, which as we first explained back in June is basically shifting the CMBS short from malls to hotels, every incremental development in the sector is closely scrutinized. And judging by the lack of appreciation in the fulcrum BBB- tranche of the CMBX Series 9 index which has the highest exposure to hotels - despite a very modest rebound earlier this week on vaccine hopes - developments continue to be adverse with little sign of recovery on the horizon. A recent tailwind blast for the CMBX 9 shorts came from a September report from NorthStar according to which, without aid 74% percent of US hotels said they expect to lay off more employees, with a whopping two thirds of properties warning they won't be able to last another six months at the current projected revenue and occupancy levels. Needless to say, should two-thirds of the US hotel industry fold, shorting the CMBX S9 BBB- could well be the most profitable (institutionally sized) short in recent history when the Fed has effectively made shorting impossible.
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Equities analysts expect Sunstone Hotel Investors, Inc. (NYSE:SHO) to report $55.82 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Sunstone Hotel Investors’ earnings. The lowest sales estimate is $30.25 million and the highest is $77.60 million. Sunstone Hotel Investors reported sales of $281.64 million during the same […]
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Hilton Times Square Set To Close As COVID Kills Hospitality Industry Tyler Durden Thu, 09/03/2020 - 14:19 Hilton Times Square is the latest causality of the virus-induced downturn that has crushed the global hospitality industry. A filing with the New York State Department of Labor on Aug. 31 said the iconic 478-room hotel situated on 234 West 42nd Street would 'permanently close' on Oct. 1. WSJ reached out to Sunstone Hotel Investors Inc., the real estate investment trust which manages the hotel for more color on the upcoming closing. A Sunstone spokesperson responded in an emailed statement by indicating the filing to New York state officials "was not intended to imply that there is a permanent closure." The spokesperson said the filing was intended to inform state officials that layoffs would be seen in the coming months as a result of the closing, adding that a "definitive reopening date has not been determined or established and will be impacted by negotiations with our lender, as well as market conditions." Last month, Sunstone revealed in an SEC filing that it had missed several months of mortgage payments on the property.
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Sunstone Hotel (SHO) delivered FFO and revenue surprises of -112.50% and 0.13%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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Sunstone Hotel (SHO) delivered FFO and revenue surprises of 0.00% and 2.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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SHO earnings call for the period ending March 31, 2019.
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Sunstone Hotel (SHO) delivered FFO and revenue surprises of 10.53% and 0.93%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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SHO earnings call for the period ending March 31, 2019.
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Sunstone Hotel (SHO) delivered FFO and revenue surprises of 10.53% and 0.93%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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