Summit Hotel Properties Company Profile (NYSE:INN)

About Summit Hotel Properties

Summit Hotel Properties logoSummit 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 81 hotels with over 10,957 guestrooms located in 23 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:
  • Sector: Finance
  • Industry: Real Estate Development
  • Sub-Industry: Specialized REITs
  • Exchange: NYSE
  • Symbol: INN
  • CUSIP: 86608210
Key Metrics:
  • Previous Close: $16.17
  • 50 Day Moving Average: $15.91
  • 200 Day Moving Average: $14.46
  • 52-Week Range: $10.64 - $16.40
  • Trailing P/E Ratio: 8.50
  • Foreward P/E Ratio: 26.60
  • P/E Growth: 0.00
  • Market Cap: $1.39B
  • Outstanding Shares: 87,353,000
  • Beta: 1.01
Profitability:
  • Net Margins: 38.34%
  • Return on Equity: 19.64%
  • Return on Assets: 11.13%
Debt:
  • Debt-to-Equity Ratio: 0.63%
  • Current Ratio: 1.40%
  • Quick Ratio: 1.40%
Additional Links:
Companies Related to Summit Hotel Properties:

Analyst Ratings

Consensus Ratings for Summit Hotel Properties (NYSE:INN) (?)
Ratings Breakdown: 7 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $14.50 (9.15% downside)

Analysts' Ratings History for Summit Hotel Properties (NYSE:INN)
Show:
DateFirmActionRatingPrice TargetDetails
2/23/2017Cantor FitzgeraldReiterated RatingBuyView Rating Details
12/23/2016Canaccord GenuityReiterated RatingBuy$15.00 -> $17.00View Rating Details
8/4/2016JMP SecuritiesBoost Price TargetMarket Outperform$14.00 -> $15.50View Rating Details
6/26/2016Deutsche Bank AGReiterated 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 Co.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 CorpDowngradeBuy -> Underperform$14.50View Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Summit Hotel Properties (NYSE:INN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/23/2017Q416$0.03$0.30$110.08 million$110.33 millionViewN/AView Earnings Details
11/2/2016Q316$0.33$0.37$117.99 million$118.34 millionViewN/AView Earnings Details
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: $0.56 EPS
Next Year EPS Consensus Estimate: $0.60 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:$0.65
Dividend Yield:4.07%
Dividend Growth:6.60% (3 Year Average)
Payout Ratio:34.57% (Based on Trailing 12 Months of Earnings)
116.07% (Based on Current Year Consensus EPS Estimate)
108.33% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Summit Hotel Properties (NYSE:INN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/25/2017quarterly$0.164.03%2/10/20172/14/20172/28/2017
11/1/2016quarterly$0.165.06%11/14/201611/16/201611/30/2016
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)
Insider Ownership Percentage: 1.94%
Institutional Ownership Percentage: 92.76%
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
News IconSummit Hotel Properties, Inc. (INN) Updates Q1 Earnings Guidance (NYSE:INN)
latribunadecanarias.com - February 25 at 12:12 AM
seekingalpha.com logoSummit Hotel Properties' (INN) CEO Dan Hansen on Q4 2016 Results - Earnings Call Transcript (NYSE:INN)
seekingalpha.com - February 25 at 12:12 AM
finance.yahoo.com logoEdited Transcript of INN earnings conference call or presentation 24-Feb-17 2:00pm GMT (NYSE:INN)
finance.yahoo.com - February 25 at 12:12 AM
biz.yahoo.com logoQ4 2016 Summit Hotel Properties Inc Earnings Release - After Market Close (NYSE:INN)
us.rd.yahoo.com - February 23 at 5:55 PM
us.rd.yahoo.com logoSummit Hotel Properties Reports Fourth Quarter And Full Year 2016 Results (NYSE:INN)
us.rd.yahoo.com - February 23 at 5:55 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 10-K, Annual Report (NYSE:INN)
us.rd.yahoo.com - February 23 at 5:55 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition (NYSE:INN)
us.rd.yahoo.com - February 23 at 5:55 PM
sg.finance.yahoo.com logoSummit Hotel Properties reports 4Q results (NYSE:INN)
sg.finance.yahoo.com - February 23 at 5:55 PM
finance.yahoo.com logoSummit Hotel Properties Announces 2017 Annual Meeting of Shareholders (NYSE:INN)
finance.yahoo.com - February 22 at 12:37 PM
News IconDividend Stock Updates: LaSalle Hotel Properties (NYSE:LHO) (NYSE:INN)
www.graffiotech.com - February 16 at 9:48 PM
News IconThe Rhumbline Advisers Raises Position in LaSalle Hotel Properties (LHO) (NYSE:INN)
prensariotiretail.com - February 16 at 9:48 PM
nasdaq.com logoSummit Hotel Properties, Inc. (INN) Ex-Dividend Date Scheduled for February 10 ... (NYSE:INN)
www.nasdaq.com - February 11 at 4:42 AM
finance.yahoo.com logoSummit Hotel Properties Announces Fourth Quarter 2016 Earnings Release Date (NYSE:INN)
finance.yahoo.com - January 30 at 6:39 PM
finance.yahoo.com logoSummit Hotel Properties Announces Revised Fourth Quarter 2016 Earnings Call Time (NYSE:INN)
finance.yahoo.com - January 30 at 6:39 PM
finance.yahoo.com logoSummit Hotel Properties Declares Fourth Quarter 2016 Dividends (NYSE:INN)
finance.yahoo.com - January 24 at 6:40 PM
News IconSummit Hotel Properties Appoints CEO to Chairman (NYSE:INN)
www.hotelbusiness.com - January 20 at 5:46 AM
4-traders.com logoSUMMIT HOTEL PROPERTIES, INC. : Other Events, Financial Statements and Exhibits (form 8-K) (NYSE:INN)
www.4-traders.com - January 20 at 5:46 AM
streetinsider.com logoSummit Hotel Properties (INN) Appoints Daniel Hansen as Chairman of the Board (NYSE:INN)
www.streetinsider.com - January 20 at 5:46 AM
us.rd.yahoo.com logoSummit Hotel Properties Appoints Daniel P. Hansen To Chairman (NYSE:INN)
us.rd.yahoo.com - January 18 at 6:28 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:INN)
us.rd.yahoo.com - January 18 at 6:28 PM
us.rd.yahoo.com logo4:38 pm Summit Hotel appointed President and Chief Executive Officer, Daniel P. Hansen, to the additional post of Chairman of the Board (NYSE:INN)
us.rd.yahoo.com - January 18 at 6:28 PM
4-traders.com logoSUMMIT HOTEL PROPERTIES, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NYSE:INN)
www.4-traders.com - January 14 at 12:12 AM
News IconLarge Buying Action and Inflow of Money Witnessed in LaSalle Hotel Properties (NYSE:INN)
vgtoday.net - January 13 at 4:29 AM
capitalcube.com logoSummit Hotel Properties, Inc. : INN-US: Dividend Analysis : November 16th, 2016 (record date) : By the numbers : January 12, 2017 (NYSE:INN)
www.capitalcube.com - January 12 at 6:26 PM
marketexclusive.com logoSUMMIT HOTEL PROPERTIES, INC. (NASDAQ:SMMTP) Files An 8-K Entry into a Material Definitive Agreement (NYSE:INN)
marketexclusive.com - January 8 at 5:42 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements an (NYSE:INN)
biz.yahoo.com - January 6 at 6:35 PM
finance.yahoo.com logoWhy Lodging REITs Are Back in Style (NYSE:INN)
finance.yahoo.com - December 19 at 11:32 AM
News IconIs Summit Hotel Properties Inc (INN) A Good Stock to Buy? (NYSE:INN)
feedproxy.google.com - December 12 at 11:00 PM
nasdaq.com logoSummit Hotel Properties, Inc. (INN) Ex-Dividend Date Scheduled for November 14 ... (NYSE:INN)
www.nasdaq.com - November 12 at 5:45 PM
forbes.com logoEx-Dividend Reminder: Summit Hotel Properties, Simon Property Group and AFLAC (NYSE:INN)
www.forbes.com - November 10 at 5:07 PM
bizjournals.com logoNurse strike at Allina hospitals was good for this business (NYSE:INN)
www.bizjournals.com - November 8 at 5:04 PM
nasdaq.com logoSummit Hotel Properties' Series B Preferred Stock Yield Pushes Past 7.5% (NYSE:INN)
www.nasdaq.com - November 4 at 10:35 PM
finance.yahoo.com logoEdited Transcript of INN earnings conference call or presentation 3-Nov-16 1:00pm GMT (NYSE:INN)
finance.yahoo.com - November 4 at 8:19 AM
sg.finance.yahoo.com logoSummit Hotel Properties reports 3Q results (NYSE:INN)
sg.finance.yahoo.com - November 3 at 9:08 AM
publicnow.com logoSummit Hotel Properties Reports Third Quarter 2016 Results (NYSE:INN)
www.publicnow.com - November 2 at 5:54 PM
biz.yahoo.com logoQ3 2016 Summit Hotel Properties Inc Earnings Release - After Market Close (NYSE:INN)
biz.yahoo.com - November 2 at 9:03 AM
publicnow.com logoSummit Hotel Properties Increases Common Dividend By 23% And Declares Third Quarter 2016 Dividends (NYSE:INN)
www.publicnow.com - October 31 at 5:45 PM
capitalcube.com logoSummit Hotel Properties, Inc. breached its 50 day moving average in a Bearish Manner : INN-US : October 21, 2016 (NYSE:INN)
www.capitalcube.com - October 21 at 8:55 AM
capitalcube.com logoSummit Hotel Properties, Inc. : INN-US: Dividend Analysis : August 16th, 2016 (record date) : By the numbers : October 18, 2016 (NYSE:INN)
www.capitalcube.com - October 18 at 5:34 PM
bizjournals.com logoResearch Reports Initiation on Financial Stocks -- Zillow, Summit Hotel Properties, LGI Homes, and Acadia Realty Trust (NYSE:INN)
www.bizjournals.com - October 14 at 8:47 AM
publicnow.com logoSummit Hotel Properties Announces Third Quarter 2016 Earnings Release Date (NYSE:INN)
www.publicnow.com - October 11 at 5:50 PM
biz.yahoo.com logoSUMMIT HOTEL PROPERTIES, INC. Files SEC form 8-K, Regulation FD Disclosure, Other Events, Financial Statements and Ex (NYSE:INN)
biz.yahoo.com - September 8 at 5:32 PM
publicnow.com logoSummit Hotel Properties Announces the Redemption of 9.25% Series A Cumulative Redeemable Preferred Stock (NYSE:INN)
www.publicnow.com - September 8 at 5:32 PM
feeds.reuters.com logoBRIEF-Summit Hotel announces redemption of 9.25 pct series A cumulative redeemable preferred stock (NYSE:INN)
feeds.reuters.com - September 8 at 4:50 PM
capitalcube.com logoSummit Hotel Properties, Inc. breached its 50 day moving average in a Bearish Manner : INN-US : September 7, 2016 (NYSE:INN)
www.capitalcube.com - September 7 at 9:03 AM
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

Social

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 Wednesday, January 25th. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.1625 per share on Tuesday, February 28th. This represents a $0.65 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, February 10th.

Where is Summit Hotel Properties' stock going? Where will Summit Hotel Properties' stock price be in 2017?

7 brokers have issued 12-month target prices for Summit Hotel Properties' stock. Their forecasts range from $13.00 to $17.00. On average, they anticipate Summit Hotel Properties' share price to reach $14.50 in the next year.

When will Summit Hotel Properties announce their earnings?

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about Summit Hotel Properties stock?

Here are some recent quotes from research analysts about Summit Hotel Properties stock:

  • 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)

  • 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. " (2/20/2017)

Who owns Summit Hotel Properties stock?

Summit Hotel Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.78%), Comerica Bank (1.99%), Systematic Financial Management LP (1.68%), Dimensional Fund Advisors LP (1.37%), Westwood Holdings Group Inc. (1.16%) and Franklin Resources Inc. (0.87%). Company insiders that own Summit Hotel Properties stock include Daniel P Hansen and Greg A Dowell.

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 Numeric Investors LLC, Thrivent Financial for Lutherans, Menta Capital LLC, Franklin Resources Inc., Comerica Bank, GSA Capital Partners LLP, Pitcairn Co. and Systematic Financial Management LP.

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 Renaissance Technologies LLC, Marshall Wace LLP, State Street Corp, Martingale Asset Management L P, Russell Investments Group Ltd., Guggenheim Capital LLC, Elgethun Capital Management and Two Sigma Investments LP.

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.

How much does a share of Summit Hotel Properties stock cost?

One share of Summit Hotel Properties stock can currently be purchased for approximately $15.96.

Summit Hotel Properties (NYSE:INN) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Summit Hotel Properties (NYSE:INN)

Earnings History Chart

Earnings by Quarter for Summit Hotel Properties (NYSE:INN)

Dividend History Chart

Dividend Payments by Quarter for Summit Hotel Properties (NYSE:INN)

Last Updated on 2/25/2017 by MarketBeat.com Staff