Your email has been successfully added to our mailing list.

×
-0.00028320589068247 0 -0.000849617672047611 -0.00169923534409522 -0.00368167657887291 -0.00226564712546016 -0.00113282356273008 0.00169923534409522
Stock impact report

Exclusive-Tarsadia pushes Sunstone REIT to pursue a sale, or liquidate assets, letter says [Yahoo! Finance Canada]

Host Hotels (HST) 
Last host hotels earnings: 2/19 04:31 pm Check Earnings Report
US:NYSE Investor Relations: hosthotels.com
If the board does nothing, Tarsadia warned it may launch a fight for board seats later this year. "Sunstone's current trajectory as a subscale lodging REIT is simply not tenable," Tarsadia wrote to the board. "The Board needs immediate refreshment and must commence a robust strategic alternatives process to unlock value for shareholders." Tarsadia traditionally does not call for its portfolio companies to pursue dramatic changes like a sale or liquidation. But after months of constructive conversation with Sunstone's management and board and visiting all of the company's properties, it is dialing up the pressure now after hitting an impasse in negotiations, two people familiar with Tarsadia said. The firm sees no path forward for the company in its current state and senses an industry inflection point with more buying and selling ahead, especially after lodging REIT Braemar Hotels & Resorts last month announced a sales process, the letter said. Sunstone did not immediately re Show less Read more
Impact Snapshot
Event Time:
HST
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for HST alerts
Opt-in for
HST alerts

from News Quantified
Opt-in for
HST alerts

from News Quantified