Summit Hotel Properties Company Profile (NYSE:INN)

About Summit Hotel Properties

Summit Hotel Properties logoSummit Hotel Properties, Inc. is a holding company and conducts all of its operations through its Summit Hotel OP, LP (operating partnership). The Company is a real estate investments trust (REIT) and self-managed hotel investment company. The Company operates in the segment of activities related to investing in real estate. The Company is focused on owning premium-branded, select-service hotels in the Upscale and Upper-midscale segments of the United States lodging industry. The Company's portfolio consists of approximately 90 hotels with over 11,420 guestrooms located in approximately 20 states. Approximately 86.1% of its guestrooms are located in over 50 metropolitan statistical areas (MSAs); approximately 94.5% are located within over 100 MSAs, and approximately 97.3% of its hotel guestrooms operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, Intercontinental Hotel 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
Key Metrics:
  • Previous Close: $14.22
  • 50 Day Moving Average: $14.06
  • 200 Day Moving Average: $12.29
  • Trailing P/E Ratio: 8.18
  • Foreward P/E Ratio: 10.09
  • P/E Growth: 1.67
  • Market Cap: $1.24B
  • Outstanding Shares: 87,275,000
  • Beta: 1.26
Additional Links:
Companies Related to Summit Hotel Properties:

Analyst Ratings

Consensus Ratings for Summit Hotel Properties (NYSE:INN) (?)
Ratings Breakdown: 9 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $17.28 (21.50% upside)

Analysts' Ratings History for Summit Hotel Properties (NYSE:INN)
Show:
DateFirmActionRatingPrice TargetDetails
8/16/2016Canaccord GenuityReiterated RatingBuy$16.00View Rating Details
8/4/2016JMP SecuritiesBoost Price TargetMarket Outperform$14.00 -> $15.50View Rating Details
6/26/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
5/4/2016Cantor FitzgeraldReiterated RatingBuyView Rating Details
3/11/2016Leerink SwannInitiated CoverageBuy -> OutperformView Rating Details
3/10/2016Janney Montgomery ScottInitiated CoverageBuy$13.00View Rating Details
3/1/2016Royal Bank Of CanadaReiterated RatingOutperform$15.00 -> $14.00View Rating Details
1/8/2016BB&T Corp.Initiated CoverageBuy$14.50View Rating Details
1/7/2016Robert W. BairdLower Price Target$16.00 -> $14.00View Rating Details
12/8/2015Summit ResearchReiterated RatingBuy$41.00View Rating Details
10/21/2015Raymond James Financial Inc.Lower Price Target$15.00 -> $14.50View Rating Details
8/4/2015MLV & Co.Reiterated RatingBuy$16.00View Rating Details
7/21/2015Bank of America Corp.DowngradeBuy -> Underperform$14.50View Rating Details
(Data available from 8/29/2014 forward)

Earnings

Earnings History for Summit Hotel Properties (NYSE:INN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2016        
8/2/2016Q216$0.39$0.42$127.70 million$127.19 millionViewN/AView Earnings Details
5/3/2016Q116$0.31$0.32$116.68 million$118.10 millionViewN/AView Earnings Details
2/24/2016Q415$0.23$0.27$108.00 million$110.04 millionViewListenView Earnings Details
11/2/2015Q315$0.34$0.37$122.64 million$125.09 millionViewN/AView Earnings Details
8/3/2015Q215$0.33$0.34$119.18 million$120.60 millionViewN/AView Earnings Details
5/4/2015Q115$0.24$0.27$105.17 million$107.60 millionViewN/AView Earnings Details
3/2/2015Q414$0.18$0.20$94.61 million$99.10 millionViewN/AView Earnings Details
11/3/2014Q314$0.26$0.30$102.63 million$109.26 millionViewN/AView Earnings Details
8/6/2014Q114$0.26$0.28$101.11 million$105.53 millionViewN/AView Earnings Details
5/12/2014Q1($0.01)$0.19$87.33 million$89.50 millionViewListenView Earnings Details
3/17/2014Q4$0.13$0.14$80.09 million$77.96 millionViewListenView Earnings Details
11/7/2012Q312$0.25$0.26$49.71 million$51.23 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Summit Hotel Properties (NYSE:INN)
Current Year EPS Consensus Estimate: $1.3 EPS
Next Year EPS Consensus Estimate: $1.41 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20161$0.30$0.30$0.30
Q4 20161$0.26$0.26$0.26
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Summit Hotel Properties (NYSE:INN)
Annual Dividend:$0.53
Dividend Yield:3.73%
Payout Ratio:30.46% (Based on Trailing 12 Months of Earnings)
40.77% (Based on Current Year Consensus EPS Estimate)
37.59% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:1.50% (3 Year Average)

Dividend History for Summit Hotel Properties (NYSE:INN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/1/2016quarterly$0.133.76%8/12/20168/16/20168/31/2016
5/2/2016quarterly$0.134.58%5/12/20165/16/20165/31/2016
2/1/2016quarterly$0.124.75%2/11/20162/16/20162/29/2016
11/2/2015quarterly$0.123.54%11/12/201511/16/201511/30/2015
7/31/2015quarterly$0.123.45%8/12/20158/14/20158/31/2015
5/4/2015quarterly$0.123.57%5/13/20155/15/20155/29/2015
2/2/2015quarterly$0.123.73%2/11/20152/16/20152/27/2015
10/31/2014quarterly$0.124%11/12/201411/14/201411/28/2014
8/1/2014quarterly$0.124.46%8/13/20148/15/20148/29/2014
5/6/2014quarterly$0.114.93%5/14/20145/16/20145/30/2014
1/30/2014quarterly$0.115.05%2/12/20142/14/20142/28/2014
11/1/2013quarterly$0.115.01%11/13/201311/15/201311/29/2013
8/1/2013quarterly$0.114.54%8/14/20138/16/20138/31/2013
5/1/2013quarterly$0.114.51%5/14/20135/16/20135/31/2013
1/31/2013quarterly$0.114.78%2/11/20132/13/20132/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Summit Hotel Properties (NYSE:INN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/14/2015Greg A DowellCFOSell2,000$12.21$24,420.00View SEC Filing  
8/12/2015Daniel P HansenCEOBuy10,000$12.19$121,900.00View SEC Filing  
9/15/2014Wayne WielgusDirectorBuy2,000$10.31$20,620.00View SEC Filing  
9/12/2014Wayne WielgusDirectorBuy8,000$10.51$84,080.00View SEC Filing  
12/10/2013Craig AniszewskiCOOBuy1,190$8.83$10,507.70View SEC Filing  
11/14/2013Daniel HansenCEOBuy10,000$8.83$88,300.00View SEC Filing  
6/11/2013Craig J AniszewskiCOOBuy2,129$9.38$19,970.02View SEC Filing  
3/8/2013Wayne WielgusDirectorBuy5,000$9.97$49,850.00View SEC Filing  
11/19/2012Troy L HesterCAOBuy25,000$8.45$211,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Summit Hotel Properties (NYSE:INN)
DateHeadline
finance.yahoo.com logoSummit Hotel Properties (INN) Acquires Marriott for $61.4M (NYSE:INN)
finance.yahoo.com - August 22 at 10:14 AM
News IconSummit Hotel Properties Acquires Marriott Boulder, CO (NYSE:INN)
m.hotelbusiness.com - August 20 at 9:49 AM
publicnow.com logoSummit Hotel Properties Completes Acquisition Of Marriott Boulder, CO (NYSE:INN)
www.publicnow.com - August 18 at 5:39 PM
nasdaq.com logoSummit Hotel Properties' Series C Preferred Stock Crosses Above 6.5% Yield Territory (NYSE:INN)
www.nasdaq.com - August 12 at 5:43 PM
nasdaq.com logoCash Dividend On The Way From Summit Hotel Properties Series A Cumulative Redeemable Preferred Stock (NYSE:INN)
www.nasdaq.com - August 11 at 8:40 AM
tradecalls.org logoSummit Hotel Properties Inc(NYSE:INN) Declares Dividend of $0.1325. (NYSE:INN)
www.tradecalls.org - August 9 at 5:50 PM
finance.yahoo.com logoEdited Transcript of INN earnings conference call or presentation 3-Aug-16 1:00pm GMT (NYSE:INN)
finance.yahoo.com - August 4 at 8:39 AM
seekingalpha.com logoSummit Hotel Properties' (INN) CEO Dan Hansen on Q2 2016 Results - Earnings Call Transcript (NYSE:INN)
seekingalpha.com - August 3 at 5:57 PM
reuters.com logoBRIEF-Summit Hotel Properties posts Q2 adj. FFO per share $0.42 (NYSE:INN)
www.reuters.com - August 3 at 8:51 AM
sg.finance.yahoo.com logoSummit Hotel Properties reports 2Q results (NYSE:INN)
sg.finance.yahoo.com - August 3 at 8:51 AM
finance.yahoo.com logo4:43 pm Summit Hotel beats by $0.03, reports revs in-line; guides Q3 FFO below consensus; guides FY16 FFO in-line (NYSE:INN)
finance.yahoo.com - August 2 at 5:52 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements (NYSE:INN)
biz.yahoo.com - August 2 at 5:52 PM
publicnow.com logoSummit Hotel Properties Reports Second Quarter 2016 Results (NYSE:INN)
www.publicnow.com - August 2 at 5:52 PM
biz.yahoo.com logoQ2 2016 Summit Hotel Properties Inc Earnings Release - After Market Close (NYSE:INN)
biz.yahoo.com - August 2 at 10:27 AM
streetinsider.com logoSummit Hotel Properties (INN) Declares $0.1325 Quarterly Dividend; 3.7% Yield (NYSE:INN)
www.streetinsider.com - July 30 at 8:33 AM
News IconSummit Hotel Properties Declares Second Quarter 2016 Dividends. South Carolina SC (NYSE:INN)
www.southcarolinasc.com - July 30 at 8:33 AM
publicnow.com logoSummit Hotel Properties Declares Second Quarter 2016 Dividends (NYSE:INN)
www.publicnow.com - July 29 at 4:58 PM
publicnow.com logoSummit Hotel Properties Declares Second Quarter 2016 Dividends (NYSE:INN)
www.publicnow.com - July 29 at 4:58 PM
fidaily.com logoSummit Hotel Properties, Inc. C (INN) – Deutsche Bank Holds Rating And Sets New Price Target (NYSE:INN)
www.fidaily.com - July 20 at 3:40 PM
blogs.barrons.com logoBetter Days Ahead for Biotech (NYSE:INN)
blogs.barrons.com - July 14 at 3:55 PM
publicnow.com logoSummit Hotel Properties Announces Second Quarter 2016 Earnings Release Date (NYSE:INN)
www.publicnow.com - July 12 at 4:53 PM
capitalcube.com logoSummit Hotel Properties, Inc. breached its 50 day moving average in a Bullish Manner : INN-US : June 29, 2016 (NYSE:INN)
www.capitalcube.com - June 29 at 8:06 AM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendments to (NYSE:INN)
biz.yahoo.com - June 24 at 4:07 PM
finance.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Financials (NYSE:INN)
finance.yahoo.com - June 24 at 1:04 PM
law360.com logoHunton, Venable Guide Summit Hotel In $75M Offering (NYSE:INN)
www.law360.com - June 22 at 10:18 AM
4-traders.com logoBRIEF: Austin's Summit Hotel Properties raises $75 million with stock offering (NYSE:INN)
www.4-traders.com - June 21 at 5:20 PM
fidaily.com logoWith Shares Trading unchanged at $12.75 (INN) Summit Hotel Properties Prices Public… (NYSE:INN)
www.fidaily.com - June 21 at 10:11 AM
publicnow.com logoSummit Hotel Properties Prices Public Offering Of 6.45% Series D Cumulative Redeemable Preferred Stock (NYSE:INN)
www.publicnow.com - June 21 at 8:59 AM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K/A, Financial Statements and Exhibits (NYSE:INN)
biz.yahoo.com - June 20 at 8:49 AM
finance.yahoo.com logoSummit Hotel Properties (INN): Moving Average Crossover Alert (NYSE:INN)
finance.yahoo.com - June 17 at 9:02 AM
finance.yahoo.com logoLexington Realty Sells Office & Industrial Assets for $50M (NYSE:INN)
finance.yahoo.com - June 14 at 9:40 AM
capitalcube.com logoSummit Hotel Properties, Inc. breached its 50 day moving average in a Bullish Manner : INN-US : June 2, 2016 (NYSE:INN)
www.capitalcube.com - June 2 at 8:08 AM
News IconHoliday Inn Express & Suites Irving (Las Colinas), Texas Sold For $10.5 Million (NYSE:INN)
www.hotelnewsresource.com - June 1 at 5:59 PM
publicnow.com logoSummit Hotel Properties Announces The Sale Of A Hotel For $10.5 Million (NYSE:INN)
www.publicnow.com - May 31 at 5:43 PM
News IconSummit Hotel Properties, Inc. (NYSE:INN) Broker Price Targets For The Coming Week - Share Trading News (NYSE:INN)
www.sharetrading.news - May 30 at 2:34 PM
News IconHow Analysts Feel About Summit Hotel Properties Inc (NYSE:INN)? - HNN (NYSE:INN)
hintsnewsnetwork.com - May 30 at 2:34 PM
4-traders.com logoSUMMIT HOTEL PROPERTIES, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K) (NYSE:INN)
www.4-traders.com - May 27 at 1:40 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fi (NYSE:INN)
biz.yahoo.com - May 26 at 4:41 PM
4-traders.com logoSUMMIT HOTEL PROPERTIES, INC. : Submission of Matters to a Vote of Security Holders (form 8-K) (NYSE:INN)
www.4-traders.com - May 26 at 12:45 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NYSE:INN)
biz.yahoo.com - May 25 at 4:37 PM
thestreet.com logoThese 2 Under-the-Radar REITs Are Bargains Based on Total Returns (NYSE:INN)
www.thestreet.com - May 23 at 2:06 PM
capitalcube.com logoSummit Hotel Properties, Inc. breached its 50 day moving average in a Bearish Manner : INN-US : May 20, 2016 (NYSE:INN)
www.capitalcube.com - May 20 at 8:28 AM
capitalcube.com logoETF’s with exposure to Summit Hotel Properties, Inc. : May 19, 2016 (NYSE:INN)
www.capitalcube.com - May 19 at 7:35 PM
capitalcube.com logoSummit Hotel Properties, Inc. :INN-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:INN)
www.capitalcube.com - May 9 at 11:05 AM
finance.yahoo.com logoEdited Transcript of INN earnings conference call or presentation 4-May-16 1:00pm GMT (NYSE:INN)
finance.yahoo.com - May 4 at 11:45 AM
publicnow.com logoSummit Hotel Properties Reports First Quarter 2016 Results And Increases 2016 Outlook (NYSE:INN)
www.publicnow.com - May 3 at 5:00 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 10-Q, Quarterly Report (NYSE:INN)
biz.yahoo.com - May 3 at 4:41 PM
biz.yahoo.com logoQ1 2016 Summit Hotel Properties Inc Earnings Release - After Market Close (NYSE:INN)
biz.yahoo.com - May 3 at 7:07 AM
capitalcube.com logoETF’s with exposure to Summit Hotel Properties, Inc. : April 28, 2016 (NYSE:INN)
www.capitalcube.com - April 28 at 1:27 PM
News IconNext Weeks Broker Price Targets For Summit Hotel Properties, Inc. (NYSE:INN) - Share Trading News (NYSE:INN)
www.sharetrading.news - April 26 at 12:37 PM

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Summit Hotel Properties (NYSE:INN) Chart for Monday, August, 29, 2016


Last Updated on 8/29/2016 by MarketBeat.com Staff