SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2024
Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares (SHO)
Last sunstone hotel investors, inc. sunstone hotel investors, inc. common shares earnings: 2/18 04:15 pm
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Source: PR Newswire
Acquires the Hyatt Regency San Antonio RiverwalkIncreases Quarterly DividendALISO 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.First Quarter 2024 Operational Results (as compared to First Quarter 2023):Net Income: Net income was $13.0 million as compared to $21.1 million.Comparable RevPAR: Comparable RevPAR decreased 5.1% to $223.06. The average daily rate was $325.16 and occupancy was 68.6%. Excluding The Confidante Miami Beach as it transitions to Andaz Miami Beach, RevPAR decreased 0.7%.Adjusted EBITDAre: Adjusted EBITDAre decreased 9.2% to $54.5 million.Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share decreased 14.3% to $0.18.Information regarding the non-GAAP financial measures disclosed in this release is provided below in "Non-GAAP Financial Measures." Reconciliations of non-GAAP financial measures to the most
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- Sunstone Hotel Investors, Inc. (NYSE: SHO) was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating. They now have a $12.00 price target on the stock, up previously from $11.00.MarketBeat
- Sunstone Hotel Investors, Inc. (NYSE: SHO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Sunstone Hotel Investors, Inc. (NYSE: SHO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- 7 REITs Receive Analyst Upgrades In The First Week Of May [Yahoo! Finance]Yahoo! Finance
- Sunstone Hotel Investors, Inc. (NYSE: SHO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
SHO
Earnings
- 5/6/24 - In-Line
SHO
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- SHO's page on the SEC website