Sunstone Hotel Investors, Inc.
In the published model solve dated 2026-Q2, anchored at $11.69, Sunstone Hotel Investors, Inc. (SHO) is priced for +10.7% AFFO growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Sunstone is a premium lodging REIT best read on funds from operations, not GAAP earnings, with Q1 2026 adjusted FFO of $0.27 per share (up 28.6%) and portfolio RevPAR up 14.6% to $255.04. • The defining risk is cyclicality plus leverage: hotel revenue re-prices nightly, and net debt near 6 times FFO with 3.8 times fixed-charge coverage tightens fast if the travel cycle softens. • Watch RevPAR and adjusted FFO against the lifted full-year guidance of $0.88 to $0.96 per share, the metrics that d
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235 institutional managers reported holding SHO in 13F filings for the quarter ended 2026-03-31. 27 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 10.2M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (5.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SHO has cut its share count 12.4% over the past five years, spending $323.82M on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $0.36 a share annually. Cash returned over the past three years: $232.36M in dividends and $193.90M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at SHO over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SHO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -0.5% | -1.9% |
| 2023-11-08 | -1.5% | +14.9% |
| 2024-02-24 | 0.0% | -7.3% |
| 2024-05-07 | +1.9% | -2.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SHO's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-23 (items 7.01, 9.01); 2026-06-01 (items 7.01, 9.01); 2026-05-05 (items 2.02, 5.02, 5.07, 9.01); 2026-02-27 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.