NYSE:INN

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

$6.01
-0.06 (-0.99%)
(As of 05/17/2024 ET)
Today's Range
$5.98
$6.10
50-Day Range
$6.01
$6.62
52-Week Range
$5.31
$7.26
Volume
438,068 shs
Average Volume
567,478 shs
Market Capitalization
$650.23 million
P/E Ratio
N/A
Dividend Yield
5.32%
Price Target
N/A

Summit Hotel Properties MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
5.95% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
N/A
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.

1.18 out of 5 stars

Finance Sector

798th out of 864 stocks

Real Estate Investment Trusts Industry

159th out of 177 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

What Wall Street expects from Summit Hotel Properties's earnings
Ortigas' iconic hotels get revamp
Summit Hotel Properties Inc.
5 Hotels For The Sober Curious
INN: Rating decreased to a HOLD
$21M investment will bring new hotel to Leeds
See More Headlines
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Company Calendar

Ex-Dividend for 2/29 Dividend
2/14/2024
Dividend Payable
2/29/2024
Last Earnings
5/01/2024
Ex-Dividend for 5/31 Dividend
5/16/2024
Today
5/18/2024
Dividend Payable
5/31/2024
Next Earnings (Estimated)
8/07/2024
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
-2.67%

Debt

Sales & Book Value

Annual Sales
$741.89 million
Cash Flow
$1.36 per share
Book Value
$12.42 per share

Miscellaneous

Free Float
104,546,000
Market Cap
$650.23 million
Optionable
Optionable
Beta
1.94
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Key Executives

  • Mr. Jonathan P. Stanner (Age 43)
    President, CEO & Director
    Comp: $1.75M
  • Mr. William H. Conkling (Age 48)
    Executive VP & CFO
    Comp: $945.91k
  • Mr. Paul Ruiz CPA (Age 57)
    Senior VP & Chief Accounting Officer
    Comp: $591.8k
  • Mr. Christopher Russell Eng (Age 53)
    Chief Risk Officer, Executive VP, General Counsel & Secretary
    Comp: $807k
  • 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 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 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 stock has decreased by 10.6% and is now trading at $6.01.
View the best growth stocks for 2024 here
.

When is Summit Hotel Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our INN earnings forecast
.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) announced its quarterly earnings data on Wednesday, May, 1st. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.18 by $0.20. The real estate investment trust had revenue of $188.14 million for the quarter, compared to analyst estimates of $181.40 million. Summit Hotel Properties had a negative net margin of 1.04% and a negative trailing twelve-month return on equity of 0.56%. During the same quarter in the prior year, the business earned $0.22 EPS.

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 Wednesday, May 1st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.08 per share on Friday, May 31st. This represents a $0.32 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for INN
.

Is Summit Hotel Properties a good dividend stock?

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 3.92%.
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, May, 1st. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus estimate of 0.870. 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).

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.99%), Jennison Associates LLC (4.98%), Principal Financial Group Inc. (0.52%), CANADA LIFE ASSURANCE Co (0.22%), Allegheny Financial Group LTD (0.21%) and US Bancorp DE (0.14%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel.
View institutional ownership trends
.

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 5/18/2024 by MarketBeat.com Staff

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