About Summit Hotel Properties (NYSE:INN)
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 79 hotels with a total of 11,590 guestrooms located in 24 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 92% of the Company's portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 96% 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: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:INN
- CUSIP: 86608210
- Web: www.shpreit.com
- Market Cap: $1.66 billion
- Outstanding Shares: 104,265,000
- 50 Day Moving Avg: $15.60
- 200 Day Moving Avg: $16.75
- 52 Week Range: $12.45 - $19.39
Sales & Book Value:
- Trailing P/E Ratio: 17.40
- Foreward P/E Ratio: 26.07
- P/E Growth: 0.00
- Annual Revenue: $475.7 million
- Price / Sales: 3.48
- Book Value: $11.53 per share
- Price / Book: 1.38
- Annual Dividend: $0.68
- Dividend Yield: 4.2%
- EBITDA: $154.58 million
- Net Margins: 21.97%
- Return on Equity: 9.89%
- Return on Assets: 5.83%
- Debt-to-Equity Ratio: 0.61%
- Current Ratio: 1.33%
- Quick Ratio: 1.33%
- Average Volume: 878,552 shs.
- Beta: 1.22
- Short Ratio: 2.38
Frequently Asked Questions for Summit Hotel Properties (NYSE:INN)
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 Monday, July 31st. Investors of record on Wednesday, August 16th will be paid a dividend of $0.17 per share on Thursday, August 31st. This represents a $0.68 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Monday, August 14th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties, Inc. (NYSE:INN) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by $0.02. The company earned $124.11 million during the quarter, compared to analyst estimates of $132.21 million. Summit Hotel Properties had a net margin of 21.97% and a return on equity of 9.89%. The business's revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. View Summit Hotel Properties' Earnings History.
When will Summit Hotel Properties make its next earnings announcement?
What guidance has Summit Hotel Properties issued on next quarter's earnings?
Summit Hotel Properties issued an update on its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $1.28 to $1.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.39. Summit Hotel Properties also updated its Q3 guidance to $0.32 to $0.35 EPS.
Where is Summit Hotel Properties' stock going? Where will Summit Hotel Properties' stock price be in 2017?
8 analysts have issued twelve-month price objectives for Summit Hotel Properties' shares. Their predictions range from $14.00 to $20.00. On average, they anticipate Summit Hotel Properties' stock price to reach $17.43 in the next twelve months. View Analyst Ratings for Summit Hotel Properties.
What are analysts saying about Summit Hotel Properties stock?
Here are some recent quotes from research analysts about Summit Hotel Properties stock:
- 1. 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. " (10/4/2017)
- 2. Cantor Fitzgerald analysts commented, "Today, Summit Hotel announced an agreement to acquire a portfolio of 5 hotels with 812 rooms for $163m (expected closing in 30 days), bringing YTD total to ~$308.2m. Our current acquisition estimates included $200m in 2H (for ’17 of $345.2m) and $150m in ’18." (6/5/2017)
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP), Ashford Hospitality Prime (AHP), Sotherly Hotels (SOHO) and Gaming and Leisure Properties (GLPIV).
Who are Summit Hotel Properties' key executives?
Summit Hotel Properties' management team includes the folowing people:
- Daniel P. Hansen, Chairman of the Board, President, Chief Executive Officer
- Craig J. Aniszewski, Chief Operating Officer, Executive Vice President
- Jonathan P. Stanner, Executive Vice President, Chief Investment Officer
- Christopher R. Eng, Executive Vice President, Chief Risk Officer, General Counsel, Secretary
- Paul Ruiz, Chief Accounting Officer, Vice President
- Gregory A. Dowell, Chief Financial Officer, Executive Vice President, Treasurer
- Jeffrey W. Jones, Lead Independent Director
- Bjorn R. L. Hanson Ph.D., Independent Director
- Kenneth J. Kay, Independent Director
- Thomas W. Storey, Independent Director
Who owns Summit Hotel Properties stock?
Summit Hotel Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.10%) and Eqis Capital Management Inc. (0.09%). Company insiders that own Summit Hotel Properties stock include Craig J Aniszewski and Daniel P Hansen. View Institutional Ownership Trends for Summit Hotel Properties.
Who sold Summit Hotel Properties stock? Who is selling Summit Hotel Properties stock?
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 Mutual of America Capital Management LLC. Company insiders that have bought Summit Hotel Properties stock in the last two years include Craig J Aniszewski and Daniel P Hansen. View Insider Buying and Selling for Summit Hotel Properties.
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.
What is Summit Hotel Properties' stock price today?
MarketBeat Community Rating for Summit Hotel Properties (NYSE INN)MarketBeat's community ratings are surveys of what our community members think about Summit Hotel Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Summit Hotel Properties stock can currently be purchased for approximately $15.90.
Consensus Ratings for Summit Hotel Properties (NYSE:INN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$17.43 (9.61% upside)|Consensus Price Target History for Summit Hotel Properties (NYSE:INN)
Analysts' Ratings History for Summit Hotel Properties (NYSE:INN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/26/2017||KeyCorp||Upgrade||Sector Weight -> Overweight||$17.00||High|
|9/8/2017||Robert W. Baird||Reiterated Rating||Buy||$17.00||Low|
|8/14/2017||Bank of America Corporation||Downgrade||Buy -> Underperform||$19.00 -> $14.00||Low|
|8/9/2017||Deutsche Bank AG||Reiterated Rating||Buy||$19.00 -> $17.00||Medium|
|8/4/2017||Canaccord Genuity||Lower Price Target||Buy||$21.00 -> $18.00||Low|
|8/4/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$20.00||Low|
|7/14/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||High|
|6/5/2017||Cantor Fitzgerald||Lower Price Target||Buy||$19.00||Low|
|8/4/2016||JMP Securities||Boost Price Target||Market Outperform||$14.00 -> $15.50||N/A|
|3/11/2016||Leerink Swann||Initiated Coverage||Buy -> Outperform||N/A|
|3/10/2016||Janney Montgomery Scott||Initiated Coverage||Buy||$13.00||N/A|
|1/8/2016||BB&T Corporation||Initiated Coverage||Buy||$14.50||N/A|
|12/8/2015||Summit Research||Reiterated Rating||Buy||$41.00||N/A|
Earnings History for Summit Hotel Properties (NYSE:INN)Earnings History by Quarter for Summit Hotel Properties (NYSE INN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.38||$0.36||$132.21 million||$124.11 million||View||Listen|
|2/23/2017||Q416||$0.03||$0.30||$110.08 million||$110.33 million||View||N/A|
|11/2/2016||Q316||$0.33||$0.37||$117.99 million||$118.34 million||View||N/A|
|8/2/2016||Q216||$0.39||$0.42||$127.70 million||$127.19 million||View||N/A|
|5/3/2016||Q116||$0.31||$0.32||$116.68 million||$118.10 million||View||N/A|
|2/24/2016||Q415||$0.23||$0.27||$108.00 million||$110.04 million||View||Listen|
|11/2/2015||Q315||$0.34||$0.37||$122.64 million||$125.09 million||View||N/A|
|8/3/2015||Q215||$0.33||$0.34||$119.18 million||$120.60 million||View||N/A|
|5/4/2015||Q115||$0.24||$0.27||$105.17 million||$107.60 million||View||N/A|
|3/2/2015||Q414||$0.18||$0.20||$94.61 million||$99.10 million||View||N/A|
|11/3/2014||Q314||$0.26||$0.30||$102.63 million||$109.26 million||View||N/A|
|8/6/2014||Q114||$0.26||$0.28||$101.11 million||$105.53 million||View||N/A|
|5/12/2014||Q1||$0.18||$0.19||$87.33 million||$89.50 million||View||Listen|
|3/17/2014||Q4||$0.13||$0.14||$80.09 million||$77.96 million||View||Listen|
|11/7/2012||Q312||$0.25||$0.26||$49.71 million||$51.23 million||View||N/A|
Earnings Estimates for Summit Hotel Properties (NYSE:INN)
Current Year EPS Consensus Estimate: $0.86 EPS
Next Year EPS Consensus Estimate: $0.61 EPS
Current Dividend Information for Summit Hotel Properties (NYSE:INN)
|Most Recent Dividend:||8/31/2017|
|Dividend Growth:||6.60% (3 Year Average)|
|Payout Ratio:||75.56% (Trailing 12 Months of Earnings) |
79.07% (Based on This Year's Estimates)
111.48% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Summit Hotel Properties (NYSE INN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Summit Hotel Properties (NYSE:INN)
Insider Ownership Percentage: 1.71%Insider Trades by Quarter for Summit Hotel Properties (NYSE:INN)
Institutional Ownership Percentage: 95.29%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/10/2017||Craig J Aniszewski||COO||Buy||750||$15.52||$11,640.00|| |
|8/9/2017||Daniel P Hansen||Chairman||Buy||10,000||$15.60||$156,000.00|| |
|8/14/2015||Greg A Dowell||CFO||Sell||2,000||$12.21||$24,420.00|| |
|8/12/2015||Daniel P Hansen||CEO||Buy||10,000||$12.19||$121,900.00|| |
|9/15/2014||Wayne Wielgus||Director||Buy||2,000||$10.31||$20,620.00|| |
|9/12/2014||Wayne Wielgus||Director||Buy||8,000||$10.51||$84,080.00|| |
|12/10/2013||Craig Aniszewski||COO||Buy||1,190||$8.83||$10,507.70|| |
|11/14/2013||Daniel Hansen||CEO||Buy||10,000||$8.83||$88,300.00|| |
|6/11/2013||Craig J Aniszewski||COO||Buy||2,129||$9.38||$19,970.02|| |
|3/8/2013||Wayne Wielgus||Director||Buy||5,000||$9.97||$49,850.00|| |
|11/19/2012||Troy L Hester||CAO||Buy||25,000||$8.45||$211,250.00|| |
Headline Trends for Summit Hotel Properties (NYSE:INN)
Latest Headlines for Summit Hotel Properties (NYSE:INN)
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Summit Hotel Properties (INN) Chart for Monday, October, 23, 2017