S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
NYSE:INN

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

$6.15
+0.01 (+0.16%)
(As of 04/19/2024 ET)
Today's Range
$6.09
$6.20
50-Day Range
$6.13
$6.68
52-Week Range
$5.31
$7.26
Volume
505,796 shs
Average Volume
639,844 shs
Market Capitalization
$661.68 million
P/E Ratio
N/A
Dividend Yield
3.90%
Price Target
N/A

Summit Hotel Properties MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
6.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.45mentions of Summit Hotel Properties in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.90%
From $0.84 to $0.94 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.

2.17 out of 5 stars

Finance Sector

607th out of 857 stocks

Real Estate Investment Trusts Industry

120th 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

Double your money before lunch?
Unlike bacterial infections, viral infections can be difficult to treat with medicine. Usually, if you've got a virus, your doctor's best advice is to simply rest and allow your immune system to fight back. Antiviral medications prevent viruses from reproducing, but they can't actually stop the virus. However, scientists may have just found a new way to fight back.
5 Hotels For The Sober Curious
Double your money before lunch?
Unlike bacterial infections, viral infections can be difficult to treat with medicine. Usually, if you've got a virus, your doctor's best advice is to simply rest and allow your immune system to fight back. Antiviral medications prevent viruses from reproducing, but they can't actually stop the virus. However, scientists may have just found a new way to fight back.
INN: Rating decreased to a HOLD
$21M investment will bring new hotel to Leeds
Summit Hotel Properties Inc
INN Apr 2024 5.000 put
Q4 2023 Summit Hotel Properties Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 2/29 Dividend
2/14/2024
Dividend Payable
2/29/2024
Today
4/21/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
86608210
Employees
78
Year Founded
N/A

Profitability

Net Income
$-12,110,000.00
Pretax Margin
-3.44%

Debt

Sales & Book Value

Annual Sales
$736.13 million
Cash Flow
$1.37 per share
Book Value
$12.52 per share

Miscellaneous

Free Float
103,967,000
Market Cap
$661.68 million
Optionable
Optionable
Beta
1.94
A Guide To High-Short-Interest Stocks Cover

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Key Executives

  • Mr. Jonathan P. Stanner (Age 42)
    President, CEO & Director
    Comp: $1.97M
  • Mr. William H. Conkling (Age 48)
    Executive VP & CFO
    Comp: $1.05M
  • Mr. Paul Ruiz CPA (Age 57)
    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?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INN, but not buy additional shares or sell existing shares.
View INN analyst ratings
or view top-rated stocks.

How have INN shares performed in 2024?

Summit Hotel Properties' stock was trading at $6.72 at the start of the year. Since then, INN shares have decreased by 8.5% and is now trading at $6.15.
View the best growth stocks for 2024 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 6,320,000 shares, a decline of 6.2% from the March 15th total of 6,740,000 shares. Based on an average daily trading volume, of 780,700 shares, the days-to-cover ratio is presently 8.1 days. Currently, 6.1% of the shares of the company 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, May 1st 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, May 2nd 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) issued its quarterly earnings data 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 trailing twelve-month return on equity of 0.83% and a negative net margin of 1.56%. During the same period in the prior year, the business posted ($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. Shareholders 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 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend 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 3.90%.
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 guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of 0.880. The company issued revenue guidance of -.

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).

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 4/21/2024 by MarketBeat.com Staff

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