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Sunstone Hotel Investors Inc - SHO STOCK NEWS

Welcome to our dedicated news page for Sunstone Hotel Investors (Ticker: SHO), a resource for investors and traders seeking the latest updates and insights on Sunstone Hotel Investors.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sunstone Hotel Investors's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sunstone Hotel Investors's position in the market.

News
SUNSTONE HOTEL INVESTORS ANNOUNCES CHANGE IN LOCATION OF 2024 ANNUAL MEETING OF STOCKHOLDERS
Rhea-AI Summary
Sunstone Hotel Investors, Inc. relocates its 2024 Annual Meeting of Stockholders to its headquarters in Aliso Viejo, California. The meeting will proceed as planned on May 3, 2024, at 8:00 a.m. Pacific Time. More details are available in the proxy supplement filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
none
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News
SUNSTONE HOTEL INVESTORS TO ACQUIRE HYATT REGENCY SAN ANTONIO RIVERWALK
Rhea-AI Summary
Sunstone Hotel Investors, Inc. announces acquisition of Hyatt Regency San Antonio Riverwalk for $230 million, enhancing its portfolio with a prime location hotel. The deal includes incentives from Hyatt, valued at $352,000 per key, and is expected to boost earnings and FFO per share in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
acquisition
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News
SUNSTONE HOTEL INVESTORS SCHEDULES FIRST QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
Rhea-AI Summary
Sunstone Hotel Investors, Inc. (NYSE: SHO) will release its first quarter 2024 financial results on May 6, 2024, before the market opens. The quarterly conference call will be held at 12:00 p.m. Eastern Time. A live webcast will be available on the company's website, and a call transcript will be archived.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
Tags
earnings
News
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2023
Rhea-AI Summary
Sunstone Hotel Investors, Inc. (SHO) reported strong financial results for Q4 2023 and FY 2023, with notable increases in net income, RevPAR, and Adjusted EBITDAre. The company returned nearly $120 million to common stockholders through dividends and share repurchases. Strategic capital recycling, investment in the portfolio, and strong earnings growth position Sunstone for success in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS
Rhea-AI Summary
Sunstone Hotel Investors, Inc. (SHO) has announced the tax treatment of the 2023 distributions to holders of the Company's common stock and Series H and Series I preferred stock. The distributions include total distribution per share, ordinary dividend, capital gain distribution, and Section 199A dividend. Stockholders are advised to consult with a personal tax advisor regarding their specific tax treatment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
dividends
-
News
SUNSTONE HOTEL INVESTORS SCHEDULES FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
Rhea-AI Summary
Sunstone Hotel Investors, Inc. (NYSE: SHO) to report Q4 and full year 2023 financial results on February 23, 2024. Quarterly conference call at 1:00 p.m. ET. Webcast available on company website. Dial 1-888-330-3573 for live call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
earnings
News
SUNSTONE HOTEL INVESTORS DECLARES FOURTH QUARTER DIVIDEND ON COMMON STOCK
Rhea-AI Summary
Sunstone Hotel Investors, Inc. (NYSE: SHO) declares a fourth quarter dividend of $0.13 per share of common stock, including a 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 fourth quarter dividend will be paid in cash on January 16, 2024, to holders of record as of December 29, 2023, representing an annual yield of 3.0% based on the closing stock price as of December 5, 2023. The Company has also returned over $55 million of capital to common stockholders to date in 2023 through its share repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.84%
Tags
dividends
-
News
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2023
Rhea-AI Summary
Sunstone Hotel Investors, Inc. (SHO) announced Q3 2023 results, including a net income of $15.6M, comparable RevPAR of $222.54, and adjusted EBITDAre of $63.7M. The company sold Boston Park Plaza for $370M and repurchased shares. The Westin Washington, DC Downtown was renovated, and Q4 2023 guidance was provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
SUNSTONE HOTEL INVESTORS ANNOUNCES THE DISPOSITION OF BOSTON PARK PLAZA
Rhea-AI Summary
Sunstone Hotel Investors, Inc. has completed the sale of the Boston Park Plaza for $370 million. The sale price represents a 12.1x multiple on Hotel Adjusted EBITDAre and a 7.1% cap rate on Hotel Net Operating Income. The company plans to reinvest the net proceeds from the sale through a tax deferred exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.21%
Tags
none
News
SUNSTONE HOTEL INVESTORS SCHEDULES THIRD QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
Rhea-AI Summary
Sunstone Hotel Investors, Inc. will report Q3 2023 financial results on November 7, 2023, before the market opens. A live webcast of the quarterly conference call will be available on the company's website. Interested parties may also listen to the call by dialing 1-888-330-3573.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
earnings
Stock SHO logo
Sunstone Hotel Investors Inc

NYSE:SHO

SHO Rankings

#1841 Ranked by Market Cap
#3258 Ranked by Stock Gains
#1193 Ranked by Dividends

SHO Stock Data

2.22B
190.46M
1.09%
101.86%
5.11%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
Link
US
Irvine

About SHO

sunstone hotel investors, inc. (nyse:sho) is a lodging real estate investment trust (reit) that invests in hotels primarily in the upper-upscale segment operated under nationally recognized brands such as marriott, hyatt, hilton, starwood and fairmont.