Summit Hotel Properties (NYSE:INN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Summit Hotel Properties (NYSE:INN - Get Free Report) released its earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02, Zacks reports. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.02%. The company had revenue of $185.05 million for the quarter, compared to analysts' expectations of $180.51 million. Summit Hotel Properties updated its FY 2026 guidance to 0.750-0.850 EPS.

Summit Hotel Properties Stock Up 3.9%

Shares of INN opened at $5.17 on Friday. The stock has a market capitalization of $561.95 million, a price-to-earnings ratio of -22.46 and a beta of 1.25. Summit Hotel Properties has a 1 year low of $3.97 and a 1 year high of $6.00. The business's 50 day simple moving average is $4.50 and its 200-day simple moving average is $4.81. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.70 and a quick ratio of 0.70.

Summit Hotel Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 6.2%. Summit Hotel Properties's payout ratio is presently -139.13%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $6.00 price objective on Summit Hotel Properties and gave the company a "buy" rating in a research report on Tuesday, January 13th. Weiss Ratings restated a "sell (d+)" rating on shares of Summit Hotel Properties in a research note on Friday, March 27th. Zacks Research raised shares of Summit Hotel Properties from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. Finally, Wall Street Zen raised shares of Summit Hotel Properties from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Summit Hotel Properties presently has a consensus rating of "Reduce" and a consensus price target of $5.00.

Institutional Investors Weigh In On Summit Hotel Properties

Several large investors have recently bought and sold shares of INN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 valued at $337,000 after buying an additional 2,528 shares during the last quarter. Jane Street Group LLC grew its position in Summit Hotel Properties by 1.7% in the 1st quarter. Jane Street Group LLC now owns 165,679 shares of the real estate investment trust's stock valued at $896,000 after acquiring an additional 2,793 shares during the last quarter. Amundi increased its stake in Summit Hotel Properties by 19.9% in the third quarter. Amundi now owns 18,320 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 3,040 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Summit Hotel Properties by 22.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,917 shares of the real estate investment trust's stock worth $92,000 after purchasing an additional 3,527 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Summit Hotel Properties by 53.6% during the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 3,773 shares during the last quarter. Institutional investors own 96.47% of the company's stock.

Key Summit Hotel Properties News

Here are the key news stories impacting Summit Hotel Properties this week:

• Positive Sentiment: Q1 results beat FFO/AFFO and revenue estimates — AFFO (FFO) of $0.21 per share topped consensus and revenue came in above analyst projections, showing improving operating performance. Summit Hotel Properties (INN) Surpasses Q1 FFO and Revenue Estimates
• Positive Sentiment: Management raised FY2026 EPS guidance to $0.75–$0.85 (above the prior consensus ~$0.73), signaling confidence in cash‑flow recovery for the year. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Operational metrics improved: management highlighted positive RevPAR growth in Q1 (better than expected) and reported operating income of ~$14.1M and AFFO of $25.5M — evidence RevPAR momentum is translating to cash flow. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Capital recycling: the company announced an agreement to sell the Courtyard and Residence Inn Dallas (Arlington South), consistent with a strategy to monetize non-core assets and strengthen the balance sheet. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Neutral Sentiment: Company and sell‑side commentary expect modest full‑year RevPAR growth (management/analysts ~0.5%–3% for 2026), though they noted pockets of stronger demand tied to event-driven activity (World Cup trends). That implies uneven recovery — tailwinds for some markets, muted for others. Summit hotel properties forecasts 0.5% to 3% 2026 RevPAR growth as World Cup pace trends up high teens
• Neutral Sentiment: Full earnings and management commentary (call/transcripts and slide deck) are available for detail; investors can review commentary on mix/market performance and capital allocation. Summit Hotel Properties, Inc. (INN) Q1 2026 Earnings Call Transcript Summit Hotel (INN) Q1 2026 Earnings Transcript
• Negative Sentiment: Profitability and leverage remain concerns: the company still reports a negative net margin and negative ROE, and leverage (debt/equity) is meaningful — factors that could limit upside if RevPAR recovery slows. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS

Summit Hotel Properties Company Profile

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company's portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.