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Last $15.26 USD
Change Today -0.11 / -0.72%
Volume 3.0M
SHO On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

sunstone hotel investors inc (SHO) Snapshot

Open
$15.35
Previous Close
$15.37
Day High
$15.41
Day Low
$15.20
52 Week High
01/26/15 - $18.01
52 Week Low
10/15/14 - $12.80
Market Cap
3.2B
Average Volume 10 Days
1.7M
EPS TTM
$0.38
Shares Outstanding
208.7M
EX-Date
06/26/15
P/E TM
39.9x
Dividend
$0.20
Dividend Yield
3.34%
Current Stock Chart for SUNSTONE HOTEL INVESTORS INC (SHO)

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sunstone hotel investors inc (SHO) Details

Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset management, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also includes mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in Aliso Viejo, California.

79 Employees
Last Reported Date: 02/19/15
Founded in 1995

sunstone hotel investors inc (SHO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $423.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $331.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $412.9K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $316.0K
Compensation as of Fiscal Year 2014.

sunstone hotel investors inc (SHO) Key Developments

Sunstone Hotel Investors Inc. Announces Executive Changes

On May 1, 2015, the Board of Directors of Sunstone Hotel Investors Inc. appointed Douglas M. Pasquale to succeed Keith M. Locker as Non-Executive Chairman of the Board, approved certain changes to the membership composition of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee and elected to discontinue the Investment and Finance Committee. Specifically, Mr. Locker will join the Audit Committee, Andrew Batinovich will join and serve as Chair of the Compensation Committee, Thomas A. Lewis, Jr. will join the Nominating Committee, and Lewis N. Wolff will no longer serve as a member of the Nominating Committee.

Sunstone Hotel Investors Inc. Declares Cash Dividend of Common Stock and Series D Cumulative Redeemable Preferred Stockholders Payable on July 15, 2015; Provides Dividend Guidance for the Full Year of 2015; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

On May 1, 2015, the board of directors of Sunstone Hotel Investors Inc. declared a cash dividend of $0.05 per share of common stock, as well as a cash dividend of $0.50 per share payable to its Series D cumulative redeemable preferred stockholders. The dividends will be paid on July 15, 2015 to common and preferred stockholders of record as of June 30, 2015. The company expects to continue to pay a regular quarterly dividend of $0.05 per share of common stock throughout 2015. To the extent that the expected regular quarterly dividends for 2015 do not satisfy the company's annual distribution requirements, the company expects to satisfy the annual distribution requirement by paying a 'catch up' dividend in January 2016, which dividend may be paid in cash and/or a combination of cash and shares of common stock. However, the level of any future quarterly dividends will be determined by the company's board of directors after considering long-term operating projections, expected capital requirements, and risks affecting the company's business. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $284,385,000 against $247,431,000 a year ago. Operating income was $17,668,000 against $14,295,000 a year ago. Income before income taxes was $1,288,000 against loss before income taxes of $3,272,000 a year ago. Net income was $1,203,000 against net loss of $3,496,000 a year ago. Loss attributable to common stockholders was $3,278,000 against $8,030,000 a year ago. Basic and diluted loss attributable to common stockholders per common share was $0.02 against $0.04 a year ago. EBITDA was $56,943,000 against $50,032,000 a year ago. Adjusted EBITDA was $65,709,000 against $49,366,000 a year ago. FFO was $39,513,000 against $31,697,000 a year ago. Adjusted FFO available to common stockholders was $45,058,000 against $27,607,000 a year ago. FFO per diluted share was $0.19 against $0.17 a year ago. Adjusted FFO available to common stockholders per diluted share was $0.22 against $0.15 a year ago. For the second quarter of 2015, the company expects net income in the range of $46,500,000 to $50,900,000. Depreciation and amortization expected to be in the range of $40,500,000 to $40,500,000. Adjusted EBITDA expected to be in the range of $103,000,000 to $107,000,000. Adjusted FFO available to common stockholders expected to be in the range of $82,600,000 to $86,700,000. Adjusted FFO available to common stockholders per diluted share expected to be in the range of $0.40 to $0.42. For the full year of 2015, the company expects net income in the range of $108,800,000 to $123,100,000. Depreciation and amortization expected to be in the range of $162,000,000 to $162,000,000. Adjusted EBITDA expected to be in the range of $344,000,000 to $356,000,000. Adjusted FFO available to common stockholders expected to be in the range of $262,000,000 to $274,000,000. Adjusted FFO available to common stockholders per diluted share expected to be in the range of $1.26 to $1.32. The company expects to invest approximately $145 million to $160 million into its portfolio in 2015.

Sunstone Hotel Investors Inc. Completes $400 Million Credit Facility

Sunstone Hotel Investors Inc. announced that it has entered into a new senior unsecured credit facility (Facility). Under the facility, the company's total available capacity increases from $150 million to $400 million. Facility pricing ranges from 155 to 230 basis points over LIBOR, depending on the company's leverage, and represents a decline in pricing of approximately 30 to 60 basis points. The facility term is four years, expiring in April 2019, with an option to extend for an additional one year subject to satisfaction of certain customary conditions. The facility also includes an accordion option which allows the company to request additional lender commitments for up to a total capacity of $800 million. The company currently has no outstanding balance on the $400 million revolving credit facility. The company's $400 million unsecured credit facility is led jointly by Wells Fargo Securities LLC, Merrill Lynch, Pierce, Fenner & Smith, Incorporated, and J.P. Morgan Securities, LLC. Wells Fargo Bank, National Association serves as the Administrative Agent, Bank of America, N.A. and JP Morgan Chase Bank, N.A. serve as the Syndication Agents and Citibank, N.A., PNC Bank, National Association and U.S. Bank, National Association serve as the Documentation Agents.

 

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Industry Analysis

SHO

Industry Average

Valuation SHO Industry Range
Price/Earnings 43.1x
Price/Sales 2.7x
Price/Book 1.5x
Price/Cash Flow 13.1x
TEV/Sales 1.2x
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