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

$12.24
+0.16 (+1.32 %)
(As of 12/8/2019 03:59 AM ET)
Today's Range
$12.15
Now: $12.24
$12.35
50-Day Range
$11.72
MA: $12.06
$12.50
52-Week Range
$9.29
Now: $12.24
$12.63
Volume526,822 shs
Average Volume683,189 shs
Market Capitalization$1.29 billion
P/E Ratio9.07
Dividend Yield5.96%
Beta1.18
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 April 18, 2019, the Company's portfolio consisted of 69 hotels with a total of 10,714 guestrooms located in 24 states.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP86608210
Phone512-538-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$567.27 million
Cash Flow$1.87 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

Employees57
Market Cap$1.29 billion
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Friday, November 1st. Investors of record on Friday, November 15th will be paid a dividend of $0.18 per share on Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, November 14th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) issued its earnings results on Tuesday, November, 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.24. The real estate investment trust had revenue of $133.69 million for the quarter, compared to the consensus estimate of $133.52 million. Summit Hotel Properties had a net margin of 14.44% and a return on equity of 6.64%. The firm's quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. 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, February 25th 2020. View Earnings Estimates for Summit Hotel Properties.

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

Summit Hotel Properties updated its FY19 earnings guidance on Tuesday, November, 5th. The company provided earnings per share (EPS) guidance of $1.23-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.26.

What price target have analysts set for INN?

4 Wall Street analysts have issued 12 month target prices for Summit Hotel Properties' stock. Their forecasts range from $13.00 to $14.00. On average, they expect Summit Hotel Properties' stock price to reach $13.33 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Summit Hotel Properties.

Has Summit Hotel Properties been receiving favorable news coverage?

News stories about INN stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Hotel Properties earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Summit Hotel Properties.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a decrease in short interest in the month of November. As of November 15th, there was short interest totalling 11,490,000 shares, a decrease of 6.6% from the October 31st total of 12,300,000 shares. Based on an average daily volume of 879,200 shares, the days-to-cover ratio is currently 13.1 days. Currently, 11.2% of the company's stock are short sold. View Summit Hotel Properties' Current Options Chain.

Who are some of Summit Hotel Properties' key competitors?

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 New Residential Investment (NRZ), Kimco Realty (KIM), AT&T (T), AbbVie (ABBV), Energy Transfer LP Unit (ET), Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), Enterprise Products Partners (EPD), Ford Motor (F) and Brixmor Property Group (BRX).

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the folowing people:
  • Mr. Daniel P. Hansen, Chairman, Pres & CEO (Age 50)
  • Mr. Jonathan P. Stanner, Exec. VP, CFO & Treasurer (Age 38)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 56)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 48)

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (5.66%), GW&K Investment Management LLC (2.01%), Systematic Financial Management LP (1.84%), Duff & Phelps Investment Management Co. (0.99%), Monarch Partners Asset Management LLC (0.80%) and Grace & White Inc. NY (0.68%). 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 institutional investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including Lincluden Management Ltd., Duff & Phelps Investment Management Co., Dupont Capital Management Corp, Strs Ohio, Jaguar Listed Property LLC, SG Americas Securities LLC, Gamco Investors INC. ET AL and First Trust Advisors LP. View Insider Buying and Selling for Summit Hotel Properties.

Which institutional investors are buying Summit Hotel Properties stock?

INN stock was acquired by a variety of institutional investors in the last quarter, including Mackay Shields LLC, GW&K Investment Management LLC, State Street Corp, Millennium Management LLC, Chicago Equity Partners LLC, State of New Jersey Common Pension Fund D, California Public Employees Retirement System and Russell Investments Group Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

What is Summit Hotel Properties' stock price today?

One share of INN stock can currently be purchased for approximately $12.24.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.29 billion and generates $567.27 million in revenue each year. The real estate investment trust earns $90.92 million in net income (profit) each year or $1.35 on an earnings per share basis. Summit Hotel Properties employs 57 workers across the globe.View Additional Information About Summit Hotel Properties.

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:  2.7 out of 5 (star star)
Outperform Votes:  380 (Vote Outperform)
Underperform Votes:  311 (Vote Underperform)
Total Votes:  691
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 12/8/2019 by MarketBeat.com Staff

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