Summit Hotel Properties Company Profile (NYSE:INN)

Analyst Ratings

Consensus Ratings for Summit Hotel Properties (NYSE:INN) (?)
Ratings Breakdown: 10 Buy Rating(s)
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $17.22 (23.02% upside)

Analysts' Ratings History for Summit Hotel Properties (NYSE:INN)
Show:
DateFirmActionRatingPrice TargetActions
6/26/2016Deutsche Bank AGReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/4/2016Cantor FitzgeraldReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/4/2016Canaccord GenuityReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/11/2016Leerink SwannInitiated CoverageBuy -> OutperformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/10/2016Janney Montgomery ScottInitiated CoverageBuy$13.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/1/2016Royal Bank Of CanadaReiterated RatingOutperform$15.00 -> $14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/8/2016BB&T Corp.Initiated CoverageBuy$14.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/7/2016Robert W. BairdLower Price Target$16.00 -> $14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/8/2015Summit ResearchReiterated RatingBuy$41.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/21/2015Raymond James Financial Inc.Lower Price Target$15.00 -> $14.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/4/2015MLV & Co.Reiterated RatingBuy$16.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/21/2015Bank of America Corp.DowngradeBuy -> Underperform$14.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/18/2015JMP SecuritiesReiterated RatingOutperform$15.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/29/2014 forward)

Earnings

Earnings History for Summit Hotel Properties (NYSE:INN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
8/2/2016Q216$0.39$127.70 millionN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/3/2016Q116$0.31$0.32$116.68 million$118.10 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/24/2016Q415$0.23$0.27$108.00 million$110.04 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/2/2015Q315$0.34$0.37$122.64 million$125.09 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/3/2015Q215$0.33$0.34$119.18 million$120.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/4/2015Q115$0.24$0.27$105.17 million$107.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/2/2015Q414$0.18$0.20$94.61 million$99.10 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/3/2014Q314$0.26$0.30$102.63 million$109.26 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/6/2014Q114$0.26$0.28$101.11 million$105.53 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/12/2014Q1($0.01)$0.19$87.33 million$89.50 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/17/2014Q4$0.13$0.14$80.09 million$77.96 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/7/2012Q312$0.25$0.26$49.71 million$51.23 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Summit Hotel Properties (NYSE:INN)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Summit Hotel Properties (NYSE:INN)
Annual Dividend:$0.53
Dividend Yield:3.79%
Payout Ratio:31.55% (Based on Trailing 12 Months of Earnings)
41.41% (Based on Current Year Consensus EPS Estimate)
37.06% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:1.50% (3 Year Average)

Dividend History for Summit Hotel Properties (NYSE:INN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
5/2/2016quarterly$0.134.58%5/12/20165/16/20165/31/2016Tweet This Announcement  Share This Announcement on StockTwits
2/1/2016quarterly$0.124.75%2/11/20162/16/20162/29/2016Tweet This Announcement  Share This Announcement on StockTwits
11/2/2015quarterly$0.123.54%11/12/201511/16/201511/30/2015Tweet This Announcement  Share This Announcement on StockTwits
7/31/2015quarterly$0.123.45%8/12/20158/14/20158/31/2015Tweet This Announcement  Share This Announcement on StockTwits
5/4/2015quarterly$0.123.57%5/13/20155/15/20155/29/2015Tweet This Announcement  Share This Announcement on StockTwits
2/2/2015quarterly$0.123.73%2/11/20152/16/20152/27/2015Tweet This Announcement  Share This Announcement on StockTwits
10/31/2014quarterly$0.124%11/12/201411/14/201411/28/2014Tweet This Announcement  Share This Announcement on StockTwits
8/1/2014quarterly$0.124.46%8/13/20148/15/20148/29/2014Tweet This Announcement  Share This Announcement on StockTwits
5/6/2014quarterly$0.114.93%5/14/20145/16/20145/30/2014Tweet This Announcement  Share This Announcement on StockTwits
1/30/2014quarterly$0.115.05%2/12/20142/14/20142/28/2014Tweet This Announcement  Share This Announcement on StockTwits
11/1/2013quarterly$0.115.01%11/13/201311/15/201311/29/2013Tweet This Announcement  Share This Announcement on StockTwits
8/1/2013quarterly$0.114.54%8/14/20138/16/20138/31/2013Tweet This Announcement  Share This Announcement on StockTwits
5/1/2013quarterly$0.114.51%5/14/20135/16/20135/31/2013Tweet This Announcement  Share This Announcement on StockTwits
1/31/2013quarterly$0.114.78%2/11/20132/13/20132/28/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Summit Hotel Properties (NYSE:INN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
8/14/2015Greg A DowellCFOSell2,000$12.21$24,420.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/12/2015Daniel P HansenCEOBuy10,000$12.19$121,900.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/15/2014Wayne WielgusDirectorBuy2,000$10.31$20,620.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/12/2014Wayne WielgusDirectorBuy8,000$10.51$84,080.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/10/2013Craig AniszewskiCOOBuy1,190$8.83$10,507.70View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/14/2013Daniel HansenCEOBuy10,000$8.83$88,300.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/11/2013Craig J AniszewskiCOOBuy2,129$9.38$19,970.02View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/8/2013Wayne WielgusDirectorBuy5,000$9.97$49,850.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/19/2012Troy L HesterCAOBuy25,000$8.45$211,250.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Summit Hotel Properties (NYSE:INN)
DateHeadline
07/20/16 02:40 PMSummit Hotel Properties, Inc. C (INN) – Deutsche Bank Holds Rating And Sets New Price Target
07/14/16 02:55 PMBetter Days Ahead for Biotech -
07/12/16 03:53 PMSummit Hotel Properties Announces Second Quarter 2016 Earnings Release Date - [at noodls] - Summit Hotel Properties Announces Second Quarter 2016 Earnings Release Date The text version of this document is not available at the moment. The original content was posted at original link . Summit Hotel ...
06/29/16 07:06 AMSummit Hotel Properties, Inc. breached its 50 day moving average in a Bullish Manner : INN-US : June 29, 2016 -
06/24/16 03:07 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendments to -
06/24/16 12:04 PMSUMMIT HOTEL PROPERTIES, INC. Financials -
06/22/16 09:18 AMHunton, Venable Guide Summit Hotel In $75M Offering
06/21/16 04:20 PMBRIEF: Austin's Summit Hotel Properties raises $75 million with stock offering
06/21/16 09:11 AMWith Shares Trading unchanged at $12.75 (INN) Summit Hotel Properties Prices Public…
06/21/16 07:59 AMSummit Hotel Properties Prices Public Offering Of 6.45% Series D Cumulative Redeemable Preferred Stock - [at noodls] - Summit Hotel Properties Prices Public Offering Of 6.45% Series D Cumulative Redeemable Preferred Stock The text version of this document is not available at the moment. The original content was posted ...
06/20/16 07:49 AMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K/A, Financial Statements and Exhibits -
06/17/16 08:02 AMSummit Hotel Properties (INN): Moving Average Crossover Alert -
06/14/16 08:40 AMLexington Realty Sells Office & Industrial Assets for $50M -
06/02/16 07:08 AMSummit Hotel Properties, Inc. breached its 50 day moving average in a Bullish Manner : INN-US : June 2, 2016 -
06/01/16 04:59 PMHoliday Inn Express & Suites Irving (Las Colinas), Texas Sold For $10.5 Million - Summit Hotel Properties, Inc. (NYSE: INN) announced yesterday that on May 13, 2016, it completed the sale of the Holiday Inn Express & Suites located in Irving (Las Colinas), Texas containing 128 guestrooms for a total sales price of $10.5 million.
05/31/16 04:43 PMSummit Hotel Properties Announces The Sale Of A Hotel For $10.5 Million - [at noodls] - Summit Hotel Properties Announces The Sale Of A Hotel For $10.5 Million The text version of this document is not available at the moment. The original content was posted at original link . Summit Hotel ...
05/30/16 01:34 PMSummit Hotel Properties, Inc. (NYSE:INN) Broker Price Targets For The Coming Week - Share Trading News - Summit Hotel Properties, Inc. (NYSE:INN) Broker Price Targets For The Coming WeekShare Trading NewsMarket analysts have recently updated their ratings and price targets on shares of Summit Hotel Properties, Inc. (NYSE:INN). The latest reports which are currently in issue on Monday 30th of May state 0 analysts have a rating of “strong buy”, 0 ...and more »
05/30/16 01:34 PMHow Analysts Feel About Summit Hotel Properties Inc (NYSE:INN)? - HNN - How Analysts Feel About Summit Hotel Properties Inc (NYSE:INN)?HNNOut of 10 analysts covering Summit Hotel Properties (NYSE:INN), 9 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 82% are positive. Summit Hotel Properties has been the topic of 11 analyst reports since July 21, 2015 according to ...
05/27/16 12:40 PMSUMMIT HOTEL PROPERTIES, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K) - Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The Board of Directors (the "Board") of Summit Hotel Properties, Inc. (the "Company") values the input and insights of the Company's stockholders and believes that ...
05/26/16 03:41 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fi -
05/26/16 11:45 AMSUMMIT HOTEL PROPERTIES, INC. : Submission of Matters to a Vote of Security Holders (form 8-K) - Daniel P. Hansen 74,792,720 644,563 5,280,259 Bjorn R. L. Hanson 74,564,022 873,261 5,280,259 Jeffrey W. Jones 74,619,275 818,008 5,280,259 Kenneth J. Kay 74,619,221 818,062 5,280,259 Thomas W. Storey 74,619,223 818,060 5,280,259 All director nominees were ...
05/25/16 03:37 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders -
05/23/16 01:06 PMThese 2 Under-the-Radar REITs Are Bargains Based on Total Returns -
05/20/16 07:28 AMSummit Hotel Properties, Inc. breached its 50 day moving average in a Bearish Manner : INN-US : May 20, 2016 -
05/19/16 06:35 PMETF’s with exposure to Summit Hotel Properties, Inc. : May 19, 2016 -
05/09/16 10:05 AMSummit Hotel Properties, Inc. :INN-US: Earnings Analysis: Q1, 2016 By the Numbers -
05/04/16 10:45 AMEdited Transcript of INN earnings conference call or presentation 4-May-16 1:00pm GMT -
05/03/16 04:00 PMSummit Hotel Properties Reports First Quarter 2016 Results And Increases 2016 Outlook - [at noodls] - Summit Hotel Properties Reports First Quarter 2016 Results And Increases 2016 Outlook
05/03/16 03:41 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 10-Q, Quarterly Report -
05/03/16 06:07 AMQ1 2016 Summit Hotel Properties Inc Earnings Release - After Market Close -
04/28/16 12:27 PMETF’s with exposure to Summit Hotel Properties, Inc. : April 28, 2016 -
04/26/16 11:37 AMNext Weeks Broker Price Targets For Summit Hotel Properties, Inc. (NYSE:INN) - Share Trading News - Next Weeks Broker Price Targets For Summit Hotel Properties, Inc. (NYSE:INN)Share Trading News03/01/2016 – Summit Hotel Properties, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 14 price target on the stock. 01/07/2016 – BB&T Capital Markets began new coverage on Summit Hotel Properties, Inc. giving ...and more »
04/26/16 11:37 AMSummit Hotel Properties, Inc. (NYSE:INN) Analyst Review - Risers & Fallers - Summit Hotel Properties, Inc. (NYSE:INN) Analyst ReviewRisers & FallersA number of investment brokers have recently updated their price targets on shares of Summit Hotel Properties, Inc. (NYSE:INN). According to the latest broker reports outstanding on Tuesday 26th of April, 0 analysts have a rating of “strong buy”, 0 ...and more »
04/15/16 03:30 PMSummit Hotel Properties Announces First Quarter 2016 Earnings Release Date - [PR Newswire] - AUSTIN, Texas, April 15, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2016 on ...
04/09/16 01:11 PMUpgrades And Downgrades For Summit Hotel Properties, Inc. (NYSE:INN) - Risers & Fallers - Upgrades And Downgrades For Summit Hotel Properties, Inc. (NYSE:INN)Risers & FallersRecently stock market analysts have updated their consensus ratings on shares of Summit Hotel Properties, Inc. (NYSE:INN). The latest broker reports which are currently outstanding on Friday 8th of April state 5 analysts have a rating of “strong buy”, ...
03/14/16 04:04 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers -
03/14/16 09:11 AMSummit Hotel Properties Inc (INN) Coverage Initiated by Analysts at Leerink Partner - MicroCap Magazine - Summit Hotel Properties Inc (INN) Coverage Initiated by Analysts at Leerink PartnerMicroCap MagazineSummit Hotel Properties Inc logo Leerink Partner assumed coverage on shares of Summit Hotel Properties Inc (NYSE:INN) in a research report released on Friday, Analyst Ratings Network.com reports. The firm issued an outperform rating on the real estate ...Research Firms Assign Price Target On Summit Hotel Properties, Inc. (NYSE:INN)Equities FocusSummit Hotel Properties (NYSE:INN): Target Price of 13.285 expectedHints News NetworkSummit Hotel Properties (NYSE:INN): 9 Analysts Continue to rate NYSE:INNEngelwood Dailyall 14 news articles »
03/01/16 09:13 AMSummit Hotel Properties, Inc. Earnings Analysis: 2015 By the Numbers -
02/26/16 08:19 AMSummit Hotel Properties' (INN) CEO Dan Hansen on Q4 2015 Results - Earnings Call Transcript - Good day, ladies and gentlemen, and welcome to the Summit Hotel Properties Q4 and Full Year 2015 Earnings Call ... excluding the newly built Minneapolis, Hampton Inn & Suites generated RevPAR of nearly $140, margins of 41.4% and that competes successfully ...
02/25/16 01:43 PMEdited Transcript of INN earnings conference call or presentation 25-Feb-16 2:00pm GMT -
02/24/16 06:47 PMSummit Hotel Properties reports 4Q results -
02/24/16 03:45 PMSummit Hotel Properties Reports Fourth Quarter And Full Year 2015 Results - [PR Newswire] - AUSTIN, Texas, Feb. 24, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced results for the fourth quarter and full year ended December 31, 2015. "We ...
02/24/16 03:36 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 10-K, Annual Report -
02/24/16 06:07 AMQ4 2015 Summit Hotel Properties Inc Earnings Release - After Market Close -
02/23/16 01:37 PMAnalyst Rating Update on LaSalle Hotel Properties - Summit Hotel Properties (NYSE:INN) opened at 10.24 on Friday ... trust's stock worth $12,921,000 after buying an additional 217,198 shares in the last quarter. Inc. increased its position in shares of LaSalle Hotel Properties by 319.4% in the fourth ...
02/22/16 03:30 PMSummit Hotel Properties Announces 2016 Annual Meeting of Shareholders - [PR Newswire] - AUSTIN, Texas, Feb. 22, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2016 Annual Meeting of Shareholders will be held Thursday, May ...
02/18/16 12:52 PMSummit Hotel Properties : Declares Fourth Quarter 2015 Dividends - AUSTIN, Texas, Jan. 29, 2016 /PRNewswire/ --Summit Hotel Properties, Inc. (NYSE:INN) ('the Company') announced today that its Board of Directors has authorized, and the Company declared, a cash dividend for the fourth quarter ended December 31, 2015 ...
02/16/16 03:39 PMSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisiti -
02/16/16 03:35 PMSummit Hotel Properties Portfolio Transformation Continues - [PR Newswire] - AUSTIN, Texas, Feb. 16, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) ("the Company") announced today the completion of the sale of six hotels with a total of 707 guestrooms to ...
02/16/16 03:05 PMAmerican Realty Capital Hospitality Trust Acquires Six Hotels from Summit Hotel Properties for $108.3 Million - [PR Newswire] - NEW YORK, Feb. 16, 2016 /PRNewswire/ -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has completed its previously announced acquisition of six hotels totaling 707 rooms for a purchase price of $108.3 million from Summit Hotel Properties, Inc. (INN) ("Summit"), a publicly-traded hotel real estate investment trust. The six hotels acquired are branded either by Marriott International or Hilton Hotels & Resorts and are located in Bellevue and Spokane, Washington, and Denver and Fort Collins, Colorado. In addition, the Company and Summit have also agreed to reinstate their previously terminated agreement in which the Company has agreed to acquire a portfolio of 10 hotels, representing the balance of the 26-hotel portfolio acquisition initially announced by the Company in June 2015.

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About Summit Hotel Properties

Summit Hotel Properties logoSummit Hotel Properties, Inc. is a holding company and conducts all of its operations through its Summit Hotel OP, LP (operating partnership). The Company is a real estate investments trust (REIT) and self-managed hotel investment company. The Company operates in the segment of activities related to investing in real estate. The Company is focused on owning premium-branded, select-service hotels in the Upscale and Upper-midscale segments of the United States lodging industry. The Company's portfolio consists of approximately 90 hotels with over 11,420 guestrooms located in approximately 20 states. Approximately 86.1% of its guestrooms are located in over 50 metropolitan statistical areas (MSAs); approximately 94.5% are located within over 100 MSAs, and approximately 97.3% of its hotel guestrooms operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, Intercontinental Hotel Group and an affiliate of Hyatt Hotels Corporation.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Real Estate Development
  • Sub-Industry: Specialized REITs
  • Exchange: NYSE
  • Symbol: INN
  • CUSIP: 86608210
Key Metrics:
  • Previous Close: $13.90
  • 50 Day Moving Average: $13.25
  • 200 Day Moving Average: $11.67
  • P/E Ratio: 8.34
  • P/E Growth: 2.26
  • Market Cap: $1.22B
  • Beta: 1.24
  • Current Year EPS Consensus Estimate: $1.28 EPS
  • Next Year EPS Consensus Estimate: $1.43 EPS
Additional Links:
Summit Hotel Properties (NYSE:INN) Chart for Friday, July, 29, 2016