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 75 hotels with over 10,444 guestrooms located in 22 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:
- Industry: Real Estate Development
- Sub-Industry: Specialized REITs
- Symbol: NYSE:INN
- CUSIP: 86608210
- Web: www.shpreit.com
- Market Cap: $1.69 billion
- Outstanding Shares: 93,861,000
- 50 Day Moving Avg: $16.81
- 200 Day Moving Avg: $15.74
- 52 Week Range: $11.54 - $18.08
Sales & Book Value:
- Trailing P/E Ratio: 22.33
- Foreward P/E Ratio: 29.10
- P/E Growth: 0.00
- Annual Revenue: $473.84 million
- Price / Sales: 3.57
- Book Value: $10.92 per share
- Price / Book: 1.65
- Annual Dividend: $0.65
- Dividend Yield: 3.8%
- EBIDTA: $153.65 million
- Net Margins: 38.34%
- Return on Equity: 19.64%
- Return on Assets: 11.13%
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 1.40%
- Quick Ratio: 1.40%
- Average Volume: 1.06 million shs.
- Beta: 1.01
- Short Ratio: 2.89
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 declared a quarterly dividend on Monday, May 1st. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.17 per share on Wednesday, May 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, May 12th. This is a positive change from Summit Hotel Properties's previous quarterly dividend of $0.16. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Inc (NYSE:INN) announced its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $118.34 million for the quarter, compared to analysts' expectations of $117.99 million. Summit Hotel Properties had a return on equity of 19.64% and a net margin of 38.34%. The company's revenue was down 5.4% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. 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, May, 3rd. The company provided earnings per share guidance of $1.34-1.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. Summit Hotel Properties also updated its Q2 guidance to $0.38-0.40 EPS.
Where is Summit Hotel Properties' stock going? Where will Summit Hotel Properties' stock price be in 2017?
6 brokers have issued twelve-month price objectives for Summit Hotel Properties' stock. Their predictions range from $15.50 to $20.00. On average, they expect Summit Hotel Properties' share price to reach $17.92 in the next year. 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. " (5/9/2017)
- 2. 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)
Are investors shorting Summit Hotel Properties?
Summit Hotel Properties saw a decrease in short interest in May. As of May 15th, there was short interest totalling 1,770,557 shares, a decrease of 39.0% from the April 28th total of 2,903,155 shares. Based on an average trading volume of 1,836,542 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.9% of the shares of the stock are short sold.
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include BBVA Banco Frances S.A. (BFR), First Industrial Realty Trust (FR), BGC Partners (BGCP), Bank of Hawaii (BOH), Corporate Office Properties Trust (OFC), Chemical Financial (CHFC), Empire State Realty Trust (ESRT), LaSalle Hotel Properties (LHO), DDR Corp (DDR), Primerica (PRI), Ryman Hospitality Properties, Inc. (REIT) (RHP), Man Group Plc (MNGPY), ProAssurance (PRA), OneMain Holdings (OMF), Outfront Media (OUT), MFA Financial (MFA), Piedmont Office Realty Trust (PDM) and Physicians Realty Trust (DOC).
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
- Thomas W. Storey, Director
- Bjorn R. L. Hanson Ph.D., Independent Director
- Kenneth J. Kay, Independent Director
Who owns Summit Hotel Properties stock?
Summit Hotel Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.53%), Vanguard Group Inc. (13.89%), Wellington Management Group LLP (4.40%), LSV Asset Management (4.34%), State Street Corp (3.87%) and Principal Financial Group Inc. (3.57%). Company insiders that own Summit Hotel Properties stock include Daniel P Hansen and Greg A Dowell. View Institutional Ownership Trends for Summit Hotel Properties.
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 Comerica Bank, Investment Centers of America Inc., Renaissance Technologies LLC, LSV Asset Management, Morgan Stanley, United Services Automobile Association, Systematic Financial Management LP and Comerica Securities Inc.. View Insider Buying and Selling for Summit Hotel Properties.
Who bought Summit Hotel Properties stock? Who is buying Summit Hotel Properties stock?
Summit Hotel Properties' stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Vanguard Group Inc., Principal Financial Group Inc., Geode Capital Management LLC, New Amsterdam Partners LLC NY, Opus Capital Group LLC and Alliancebernstein L.P.. 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 $18.04.
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|
|7/31/2017|| || || || || || || || |
|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: $0.72 EPS
Next Year EPS Consensus Estimate: $0.62 EPS
Current Dividend Information for Summit Hotel Properties (NYSE:INN)
|Dividend Growth:||6.60% (3 Year Average)|
|Payout Ratio:||34.57% (Trailing 12 Months of Earnings) |
90.28% (Based on This Year's Estimates)
104.84% (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: 1.94%Insider Trades by Quarter for Summit Hotel Properties (NYSE:INN)
Institutional Ownership Percentage: 92.76%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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)
Summit Hotel Properties (INN) Chart for Tuesday, May, 30, 2017