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: $16.17
- 50 Day Moving Average: $15.91
- 200 Day Moving Average: $14.46
- 52-Week Range: $10.64 - $16.40
- Trailing P/E Ratio: 8.50
- Foreward P/E Ratio: 26.60
- 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 announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.1625 per share on Tuesday, February 28th. This represents a $0.65 dividend on an annualized basis and a yield of 4.07%. 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 brokers have issued 12-month target prices for Summit Hotel Properties' stock. Their forecasts range from $13.00 to $17.00. On average, they anticipate 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 Monday, May, 1st 2017.
What are analysts saying about Summit Hotel Properties stock?
Here are some recent quotes from research analysts about Summit Hotel Properties stock:
Cantor Fitzgerald analysts commented, "4Q Same Store RevPAR increase of 0.3% was within the guidance range of (0.5%)-1.5%, driven by a 2.0% increase in ADR offset by a 1.6% decline in occupancy. 2016 Same-Store RevPAR outperformed US upscale RevPAR (as reported by STR) by 120bps. The 2017 RevPAR outlook is 1.5% at MP." (2/23/2017)
According to Zacks Investment Research, "Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused primarily on owning premium-branded, select-service hotels in the upscale and upper midscale segments of the lodging industry. " (2/20/2017)
Who owns Summit Hotel Properties stock?
Summit Hotel Properties' stock is owned by a number 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 Numeric Investors LLC, Thrivent Financial for Lutherans, Menta Capital LLC, Franklin Resources Inc., Comerica Bank, GSA Capital Partners LLP, Pitcairn Co. and Systematic Financial Management LP.
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 $15.96.