Sunstone Hotel Investors, Inc. Aktie News

Sunstone Hotel Investors, Inc. (NYSE:SHO ) Q1 2024 Earnings Conference Call May 6, 2024 12:00 PM ET Company Participants Aaron Reyes - CFO Bryan Giglia - CEO Robert Springer - President and Chief Investment Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Smedes Rose - Citi Michael Bellisario - Baird Dany Asad - Bank of America Floris Van Dijkum - Compass Point Chris Darli...

Acquires the Hyatt Regency San Antonio Riverwalk Increases Quarterly Dividend ALISO VIEJO, Calif. , May 6, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the first quarter ended March 31, 2024.

ALISO VIEJO, Calif., April 11, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced that its upcoming 2024 Annual Meeting of Stockholders (the "Annual Meeting") will now be held at the Company's headquarters at 15 Enterprise, Suite 200, Aliso Viejo, California 92656.

ALISO VIEJO, Calif. , April 10, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the fee-simple interest in the 630-room Hyatt Regency San Antonio Riverwalk (the "Hotel").

Investors love dividends for a variety of reasons. They provide assurance that a company is financially healthy enough to reward investors.

ALISO VIEJO, Calif. , April 2, 2024 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) announced that it will report financial results for the first quarter 2024 on Monday, May 6, 2024, before the market opens.

Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.

Sunstone Hotel Investors' preferred dividends are well covered and offer a reliable stream of quarterly dividends. The FFO and AFFO performance of Sunstone indicate the stock is currently relatively attractively priced while the preferred stock is very attractive. The H-series preferred shares have a higher yield and are more likely to be called, making them a better investment option at this p...