Summit Hotel Properties (NYSE:INN) Releases FY 2025 Earnings Guidance

Key Points

• Summit Hotel Properties has updated its FY 2025 earnings guidance, projecting EPS of $0.90, which is lower than the consensus estimate of $0.915.
• The company declared a quarterly dividend of $0.08, translating to an annualized dividend yield of 6.2%, with a current dividend payout ratio of 200%.
• Stock analysts have mixed views on Summit, with Bank of America raising its target price but other analysts downgrading the stock to a "sell" rating.

Summit Hotel Properties (NYSE:INN - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.900-0.900 for the period, compared to the consensus earnings per share estimate of 0.915. The company issued revenue guidance of -.

Analyst Ratings Changes

INN has been the subject of a number of analyst reports. 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 report on Monday, July 21st. Wall Street Zen lowered Summit Hotel Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Summit Hotel Properties Trading Up 0.5%

NYSE INN traded up $0.03 on Thursday, reaching $5.16. 303,268 shares of the company were exchanged, compared to its average volume of 1,296,296. The business's fifty day moving average price is $5.07 and its 200 day moving average price is $5.24. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08. Summit Hotel Properties has a fifty-two week low of $3.57 and a fifty-two week high of $7.22. The stock has a market capitalization of $578.49 million, a P/E ratio of -57.39 and a beta of 1.73.

Summit Hotel Properties (NYSE:INN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $192.92 million during the quarter, compared to the consensus estimate of $194.49 million. Summit Hotel Properties had a net margin of 1.00% and a return on equity of 0.55%. Analysts forecast that Summit Hotel Properties will post 0.88 earnings per share for the current year.

Summit Hotel Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, August 15th. Summit Hotel Properties's dividend payout ratio (DPR) is currently 200.00%.

Insider Activity at Summit Hotel Properties

In other Summit Hotel Properties news, Director Thomas W. Storey purchased 16,270 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $4.62 per share, with a total value of $75,167.40. Following the acquisition, the director owned 231,337 shares of the company's stock, valued at $1,068,776.94. The trade was a 7.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.83% of the company's stock.

Institutional Inflows and Outflows

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

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.