Summit Hotel Properties (INN) Projected to Post Earnings on Tuesday

Key Points

• Summit Hotel Properties (NYSE: INN) is expected to announce its Q2 2025 earnings on August 5th, with analysts predicting earnings of $0.26 per share and revenue of $194.49 million.
• In its last quarterly earnings report, the company posted $0.22 EPS, beating estimates and reporting revenues of $184.48 million, slightly below analyst expectations.
• Recent insider activity includes Director Thomas W. Storey purchasing 16,270 shares at an average price of $4.62, increasing ownership by 7.57%.

Summit Hotel Properties (NYSE:INN - Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $194.49 million for the quarter.

Summit Hotel Properties (NYSE:INN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Summit Hotel Properties had a return on equity of 2.98% and a net margin of 5.46%. The firm had revenue of $184.48 million during the quarter, compared to the consensus estimate of $184.93 million. On average, analysts expect Summit Hotel Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Summit Hotel Properties Stock Performance

Shares of NYSE INN traded down $0.18 during midday trading on Wednesday, hitting $5.27. The company's stock had a trading volume of 882,643 shares, compared to its average volume of 1,312,758. The firm has a market cap of $591.40 million, a P/E ratio of 32.94 and a beta of 1.66. The firm's fifty day moving average price is $4.98 and its 200-day moving average price is $5.30. Summit Hotel Properties has a 1-year low of $3.57 and a 1-year high of $7.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.91 and a current ratio of 0.91.

Insiders Place Their Bets

In other news, Director Thomas W. Storey bought 16,270 shares of Summit Hotel Properties stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $4.62 per share, for a total transaction of $75,167.40. Following the purchase, the director owned 231,337 shares of the company's stock, valued at approximately $1,068,776.94. This trade represents a 7.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INN. Strs Ohio acquired a new stake in shares of Summit Hotel Properties during the 1st quarter worth approximately $102,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Summit Hotel Properties by 1.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 721,875 shares of the real estate investment trust's stock worth $3,905,000 after purchasing an additional 9,879 shares in the last quarter. Amundi raised its stake in Summit Hotel Properties by 3.4% in the 1st quarter. Amundi now owns 109,185 shares of the real estate investment trust's stock valued at $591,000 after acquiring an additional 3,623 shares during the period. Jane Street Group LLC increased its position in Summit Hotel Properties by 1.7% during the 1st quarter. Jane Street Group LLC now owns 165,679 shares of the real estate investment trust's stock worth $896,000 after buying an additional 2,793 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Summit Hotel Properties by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,254 shares of the real estate investment trust's stock worth $337,000 after purchasing an additional 2,528 shares during the period. 96.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INN has been the subject of several recent analyst reports. Wall Street Zen cut shares of Summit Hotel Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Bank of America raised their price objective on Summit Hotel Properties from $5.00 to $5.75 and gave the company a "neutral" rating in a research note on Monday, July 21st.

About Summit Hotel Properties

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.