About Summit Hotel Properties
Summit Hotel Properties, Inc. is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company's portfolio consists of 81 hotels with over 10,957 guestrooms located in 23 states. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company's portfolio is located in urban and suburban markets. Based on total number of guestrooms, approximately 86% of the Company's portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 95% is located within over 100 MSAs. Based on total number of guestrooms, approximately 99% of the Company's hotels operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, InterContinental Hotels 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
- Previous Close: $15.94
- 50 Day Moving Average: $15.86
- 200 Day Moving Average: $14.33
- 52-Week Range: $9.71 - $16.40
- Trailing P/E Ratio: 8.49
- Foreward P/E Ratio: 28.46
- P/E Growth: 0.00
- Market Cap: $1.39B
- Outstanding Shares: 87,353,000
- Beta: 1.01
- Net Margins: 38.34%
- Return on Equity: 19.64%
- Return on Assets: 11.13%
Companies Related to Summit Hotel Properties:
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 1.40%
- Quick Ratio: 1.40%
What is Summit Hotel Properties' stock symbol?
Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."
How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties?
Summit Hotel Properties declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Tuesday, February 14th will be given a dividend of $0.1625 per share on Tuesday, February 28th. This represents a $0.65 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, February 10th.
Where is Summit Hotel Properties' stock going? Where will Summit Hotel Properties' stock price be in 2017?
7 brokerages have issued 12 month target prices for Summit Hotel Properties' shares. Their predictions range from $13.00 to $17.00. On average, they expect Summit Hotel Properties' share price to reach $14.50 in the next year.
When will Summit Hotel Properties announce their earnings?
Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.
Who owns Summit Hotel Properties stock?
Summit Hotel Properties' stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (2.78%), Comerica Bank (1.99%), Systematic Financial Management LP (1.68%), Dimensional Fund Advisors LP (1.37%), Westwood Holdings Group Inc. (1.16%) and Franklin Resources Inc. (0.87%). Company insiders that own Summit Hotel Properties stock include Daniel P Hansen and Greg A Dowell.
Who sold Summit Hotel Properties stock? Who is selling Summit Hotel Properties stock?
Summit Hotel Properties' stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Menta Capital LLC, Franklin Resources Inc., Comerica Bank, GSA Capital Partners LLP, Pitcairn Co., Systematic Financial Management LP and Envestnet Asset Management Inc..
Who bought Summit Hotel Properties stock? Who is buying Summit Hotel Properties stock?
Summit Hotel Properties' stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace LLP, State Street Corp, Martingale Asset Management L P, Russell Investments Group Ltd., Guggenheim Capital LLC, Elgethun Capital Management and Two Sigma Investments LP.
How do I buy Summit Hotel Properties stock?
Shares of Summit Hotel Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Summit Hotel Properties stock cost?
One share of Summit Hotel Properties stock can currently be purchased for approximately $15.94.