Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares (SHO)
9.8100
-0.0600 (-0.61%)
Sunstone Hotel Investors is a real estate investment trust (REIT) focused on the acquisition, ownership, and management of premium-branded hotels in top-tier markets across the United States
The company specializes in investing in high-quality properties that are operated by leading hotel brands, aiming to capitalize on the hospitality sector's demand for upscale accommodations. Through strategic investments and a commitment to enhancing property performance, Sunstone Hotel Investors seeks to generate value for its shareholders while providing exceptional guest experiences.
Companies Reporting Before The Bell • Fomento Economico (NYSE:FMX) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
Companies Reporting Before The Bell • WPP (NYSE:WPP) is projected to report earnings for its first quarter. • Anglogold Ashanti (NYSE:AU) is likely to report earnings for its first quarter.
When Wall Street sustains a broad-based rally across different sectors, it’s a sign of market health. In a bull market, financials, energy, tech and healthcare stocks can all rise in tandem. Conversely, when multiple sectors are sold off, it’s usually a sign of a bearish market.
Most of 2022 was bad for real estate investment trusts (REITs), particularly the hotel REIT subsector, as inflation, Federal Reserve rate hikes, hurricanes, airline delays and the threat of a recession provided headwinds for the group. Several hotel REITs lost as much as 40% to 50% of their value throughout the year.
