Sunstone Hotel Investors, Inc.
In the published model solve dated 2026-Q2, anchored at $11.03, Sunstone Hotel Investors, Inc. (SHO) is priced for today's economics sustained for ~9.2 years. 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: 2026-08-11 (items 8.01, 9.01); 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).
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.