NYSE:INN - Summit Hotel Properties Stock Price, News, & Analysis

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$11.21 -0.66 (-5.56 %)
(As of 10/23/2018 09:42 AM ET)
Previous Close$11.87
Today's Range$10.91 - $11.59
52-Week Range$11.81 - $16.35
Volume185,833 shs
Average Volume535,802 shs
Market Capitalization$1.26 billion
P/E Ratio8.37
Dividend Yield5.98%
Beta1.21
Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. As of August 1, 2018, the Company's portfolio consisted of 77 hotels with a total of 11,657 guestrooms located in 26 states.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:INN
CUSIP86608210
Phone512-538-2300

Debt

Debt-to-Equity Ratio0.79
Current Ratio1.51
Quick Ratio1.51

Price-To-Earnings

Trailing P/E Ratio8.37
Forward P/E Ratio8.76
P/E Growth4.28

Sales & Book Value

Annual Sales$515.38 million
Price / Sales2.28
Cash Flow$1.6706 per share
Price / Cash6.71
Book Value$12.25 per share
Price / Book0.92

Profitability

EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins14.16%
Return on Equity6.53%
Return on Assets3.65%

Miscellaneous

Employees49
Outstanding Shares104,740,000
Market Cap$1.26 billion

Summit Hotel Properties (NYSE:INN) Frequently Asked Questions

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 Tuesday, July 31st. Shareholders of record on Thursday, August 16th will be paid a dividend of $0.18 per share on Friday, August 31st. This represents a $0.72 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend is Wednesday, August 15th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) announced its earnings results on Wednesday, August, 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The real estate investment trust earned $152.20 million during the quarter, compared to analyst estimates of $151.13 million. Summit Hotel Properties had a net margin of 14.16% and a return on equity of 6.53%. The business's revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. View Summit Hotel Properties' Earnings History.

When is Summit Hotel Properties' next earnings date?

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for Summit Hotel Properties.

What guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties updated its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share guidance of $1.30-$1.36 for the period, compared to the Thomson Reuters consensus estimate of $1.38. Summit Hotel Properties also updated its Q3 guidance to $0.33-$0.36 EPS.

What price target have analysts set for INN?

8 equities research analysts have issued 1 year price targets for Summit Hotel Properties' stock. Their forecasts range from $16.00 to $17.50. On average, they expect Summit Hotel Properties' stock price to reach $16.5833 in the next twelve months. This suggests a possible upside of 39.7% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

What is the consensus analysts' recommendation for Summit Hotel Properties?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Hotel Properties.

What are Wall Street 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. " (10/12/2018)
  • 2. Cantor Fitzgerald analysts commented, "Core FFO/sh. of $0.30 was $0.02 higher than our estimate. The variance to our estimate was higher hotel EBITDA and lower G&A. Pro-forma RevPAR was up 5.5%, 250bps higher than guidance at MP. Excluding the markets that benefited from hurricane, RevPAR would have been up 3.6% (60bps higher than guidance MP) which is 20bps lower than RevPAR for Upscale segment (as reported by STR). RevPAR growth in 4Q was largely driven by occupancy gains of 4.9% and modest ADR increase of 0.6%. The pro-forma hotel EBITDA margin was down 65bps (impacted by property taxes excluding which margin would be up 39bps)." (2/23/2018)

Who are some of Summit Hotel Properties' key competitors?

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the folowing people:
  • Mr. Daniel P. Hansen, Chairman, Pres & CEO (Age 49)
  • Mr. Jonathan P. Stanner, Exec. VP, CFO & Chief Investment Officer (Age 36)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 55)
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include Duff & Phelps Investment Management Co. (1.82%), Strs Ohio (0.31%), State of New Jersey Common Pension Fund D (0.21%) and Bank of Montreal Can (0.02%). Company insiders that own Summit Hotel Properties stock include Craig J Aniszewski and Daniel P Hansen. View Institutional Ownership Trends for Summit Hotel Properties.

Which major investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Strs Ohio. View Insider Buying and Selling for Summit Hotel Properties.

Which major investors are buying Summit Hotel Properties stock?

INN stock was purchased by a variety of institutional investors in the last quarter, including Duff & Phelps Investment Management Co. and State of New Jersey Common Pension Fund D. 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 shares of Summit Hotel Properties?

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

What is Summit Hotel Properties' stock price today?

One share of INN stock can currently be purchased for approximately $11.87.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.26 billion and generates $515.38 million in revenue each year. The real estate investment trust earns $99.21 million in net income (profit) each year or $1.34 on an earnings per share basis. Summit Hotel Properties employs 49 workers across the globe.

What is Summit Hotel Properties' official website?

The official website for Summit Hotel Properties is http://www.shpreit.com.

How can I contact Summit Hotel Properties?

Summit Hotel Properties' mailing address is 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738. The real estate investment trust can be reached via phone at 512-538-2300 or via email at [email protected]


MarketBeat Community Rating for Summit Hotel Properties (NYSE INN)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  336 (Vote Outperform)
Underperform Votes:  260 (Vote Underperform)
Total Votes:  596
MarketBeat's community ratings are surveys of what our community members think about Summit Hotel Properties and other stocks. Vote "Outperform" if you believe INN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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