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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
NYSE:INN

Summit Hotel Properties (INN) Stock Price, News & Analysis

$6.67
-0.01 (-0.15%)
(As of 02/23/2024 ET)
Today's Range
$6.64
$6.75
50-Day Range
$6.30
$6.85
52-Week Range
$5.31
$8.09
Volume
1.31 million shs
Average Volume
763,006 shs
Market Capitalization
$717.56 million
P/E Ratio
N/A
Dividend Yield
3.60%
Price Target
$8.50

Summit Hotel Properties MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
27.4% Upside
$8.50 Price Target
Short Interest
Healthy
5.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.70mentions of Summit Hotel Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.02%
From $0.83 to $0.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.40 out of 5 stars

Finance Sector

205th out of 838 stocks

Real Estate Investment Trusts Industry

49th out of 180 stocks


INN stock logo

About Summit Hotel Properties Stock (NYSE:INN)

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.

INN Stock Price History

INN Stock News Headlines

9 U.S. Motor Lodges That Welcome Families
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
INN.PR.F Summit Hotel Properties, Inc. 5.875% RED PFD F
Summit Hotel: Collect 8.4% Yield On The Preferred Stock
Q3 2023 Summit Hotel Properties Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 11/30 Dividend
11/15/2023
Dividend Payable
11/30/2023
Ex-Dividend for 2/29 Dividend
2/14/2024
Today
2/24/2024
Next Earnings (Confirmed)
2/28/2024
Dividend Payable
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
86608210
Employees
74
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.50
High Stock Price Target
$8.50
Low Stock Price Target
$8.50
Potential Upside/Downside
+27.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-1,050,000.00
Pretax Margin
-2.50%

Debt

Sales & Book Value

Annual Sales
$675.70 million
Cash Flow
$1.50 per share
Book Value
$13.17 per share

Miscellaneous

Free Float
104,352,000
Market Cap
$717.56 million
Optionable
Optionable
Beta
1.96
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Key Executives

  • Mr. Jonathan P. Stanner (Age 43)
    President, CEO & Director
    Comp: $1.97M
  • Mr. William H. Conkling (Age 48)
    Executive VP & CFO
    Comp: $1.05M
  • Mr. Paul Ruiz CPA (Age 58)
    Senior VP & Chief Accounting Officer
    Comp: $579.2k
  • Mr. Christopher Russell Eng (Age 53)
    Chief Risk Officer, Executive VP, General Counsel & Secretary
    Comp: $837.2k
  • Mr. Adam Wudel
    Senior VP of Finance & Capital Markets














INN Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Hotel Properties stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" INN shares.
View INN analyst ratings
or view top-rated stocks.

What is Summit Hotel Properties' stock price target for 2024?

2 Wall Street research analysts have issued 12 month price objectives for Summit Hotel Properties' shares. Their INN share price targets range from $8.50 to $8.50. On average, they predict the company's share price to reach $8.50 in the next year. This suggests a possible upside of 27.4% from the stock's current price.
View analysts price targets for INN
or view top-rated stocks among Wall Street analysts.

How have INN shares performed in 2024?

Summit Hotel Properties' stock was trading at $6.72 at the beginning of 2024. Since then, INN stock has decreased by 0.7% and is now trading at $6.67.
View the best growth stocks for 2024 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,660,000 shares, a decrease of 5.5% from the December 31st total of 7,050,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is presently 6.5 days. Approximately 7.9% of the company's stock are short sold.
View Summit Hotel Properties' Short Interest
.

When is Summit Hotel Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our INN earnings forecast
.

How can I listen to Summit Hotel Properties' earnings call?

Summit Hotel Properties will be holding an earnings conference call on Thursday, February 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 0.94% and a negative trailing twelve-month return on equity of 0.49%. During the same period in the prior year, the company earned ($0.07) earnings per share.

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 Thursday, January 25th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.06 per share on Thursday, February 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for INN
.

Is Summit Hotel Properties a good dividend stock?

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.65%.
Read our dividend analysis for INN.

What ETFs hold Summit Hotel Properties' stock?

ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Invesco Real Assets ESG ETF (IVRA), Nuveen Short-Term REIT ETF (NURE) and Kelly Hotel & Lodging Sector ETF (HOTL).Intelligent Real Estate ETF (PRVT).

What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?

4 employees have rated Summit Hotel Properties Chief Executive Officer Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Summit Hotel Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include Pfizer (PFE), Southwest Airlines (LUV), Delta Air Lines (DAL), Ford Motor (F), Ladder Capital (LADR), AT&T (T), Two Harbors Investment (TWO), Alibaba Group (BABA), Boeing (BA) and Walt Disney (DIS).

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.66%), H 2 Credit Manager LP (4.66%), Jennison Associates LLC (4.63%), Nuveen Asset Management LLC (3.53%), Victory Capital Management Inc. (2.22%) and Balyasny Asset Management L.P. (1.84%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel.
View institutional ownership trends
.

How do I buy shares of Summit Hotel Properties?

Shares of INN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:INN) was last updated on 2/24/2024 by MarketBeat.com Staff