Sunstone Hotel Investors (SHO)
Owner and asset manager of upper-upscale and luxury U.S. hotels and resorts.
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Owns upper-upscale and luxury hotels and resorts across U.S. convention, urban, and leisure markets, earning primarily room and food-and-beverage revenue. Properties are leased through a taxable REIT subsidiary and operated by independent managers, while acquisitions, renovations, and dispositions reshape the portfolio.
Owns 13 upper-upscale and luxury hotels and resorts in U.S. convention, urban, and leisure destinations following the sale of Hyatt Regency San Francisco. The portfolio spans Marriott, Hyatt, Hilton, Four Seasons, and Montage brands, plus the independent Oceans Edge Resort & Marina. Room sales provide most revenue, supplemented by food and beverage, parking, resort fees, spa, marina, and other hotel services.
Builds value through acquisitions, property investment, hotel repositioning, active asset management, and selective dispositions. Hotel demand, room rates, group business, leisure travel, and property-level labor and operating costs shape results. REIT rules restrict direct hotel operating income, so each property is leased to a taxable REIT subsidiary and run by an independent third-party manager under a long-term agreement.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Truist Financial | Target | Target: $11 | Target: $13 |
| Jun 24, 2026 | Wells Fargo | Reiterate | Rating: —Target: $11 | Target: $13 |
| Jan 12, 2026 | Robert W. Baird | Target | Target: $12 | Target: $10 |
| Jan 12, 2026 | Baird | Downgrade | ||
| Jan 5, 2026 | Wells Fargo | Upgrade | Target: $12 | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $94.4M · Total debt $974.9M · Total assets $3.03B · Shareholders' equity $1.88B
- Revenue
- $277.1M
- Operating income
- $34.2M
- Net income
- $26.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 105.15% | 195.52M shares | |
|---|---|---|---|
| 275 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.58% | 2.95M shares | |
| 13 holders · as of Jun 24, 2026 | |||
| Adds to | 106.73% | ||
185.94M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 106.73%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 18.89% | 35.12M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.61% | 19.74M | as of Jun 30, 2026 |
Daiwa Asset Management Co. Ltd.Institution | 7.55% | 14.05M | filed Feb 1, 2018 |
State Street CorpInstitution | 5.78% | 10.74M | as of Jun 30, 2026 |
Blackstone Inc.Institution | 4.61% | 8.58M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 24, 2026 | Robert C. Springer | officer: PRESIDENT AND CIO | −89,631 | $11.62 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sunstone Hotel Investors | $11.17 | +0.68% | $2.06B | 45.0 | 51.6 | 2.1 | +6.7% |
| Host Hotels & Resorts | $22.30 | −0.07% | $15.28B | 15.2 | 22.1 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.29 | +0.89% | $3.05B | — | 28.3 | 1.2 | +1.2% |
| Pebblebrook Hotel Trust | $18.38 | +0.82% | $2.06B | — | — | 1.4 | −0.1% |
| DiamondRock Hospitality | $12.39 | +0.97% | $2.51B | 16.8 | 19.5 | 2.2 | +4.1% |
| Xenia Hotels & Resorts | $17.92 | +0.34% | $1.65B | — | 39.0 | 1.5 | +2.8% |
| Ryman Hospitality Properties | $121.69 | +0.01% | $7.68B | 29.6 | 25.9 | 2.8 | +13.6% |
| Median | 16.8 | 25.9 | 1.9 | +3.1% |