Summit Hotel Properties (NYSE:INN - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of 0.870. The company issued revenue guidance of -.
Analyst Ratings Changes
Separately, Wolfe Research started coverage on shares of Summit Hotel Properties in a research note on Wednesday, January 10th. They issued a peer perform rating on the stock.
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Summit Hotel Properties Stock Up 0.7 %
Shares of NYSE:INN traded up $0.04 on Wednesday, reaching $6.06. The company had a trading volume of 703,423 shares, compared to its average volume of 750,367. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $651.46 million, a PE ratio of -22.26 and a beta of 1.94. Summit Hotel Properties has a 52-week low of $5.31 and a 52-week high of $7.26. The firm's 50 day simple moving average is $6.38 and its 200-day simple moving average is $6.38.
About Summit Hotel Properties
(
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Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.
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