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 February 21, 2018, the Company's portfolio consisted of 83 hotels with a total of 12,242 guestrooms located in 26 states.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:INN
CUSIP86608210
Phone512-538-2300
Debt
Debt-to-Equity Ratio0.83
Current Ratio1.46
Quick Ratio1.46
Price-To-Earnings
Trailing P/E Ratio10.72
Forward P/E Ratio10.60
P/E Growth2.93
Sales & Book Value
Annual Sales$515.38 million
Price / Sales2.89
Cash Flow$1.8033 per share
Price / Cash7.88
Book Value$12.25 per share
Price / Book1.16
Profitability
EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins14.10%
Return on Equity6.23%
Return on Assets3.58%
Miscellaneous
Employees49
Outstanding Shares104,700,000
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 Tuesday, May 1st. Investors of record on Wednesday, May 16th will be paid a dividend of $0.18 per share on Thursday, May 31st. This represents a $0.72 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, May 15th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Inc (NYSE:INN) released its quarterly earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.03. The real estate investment trust earned $140.20 million during the quarter, compared to analysts' expectations of $138.99 million. Summit Hotel Properties had a net margin of 14.10% and a return on equity of 6.23%. The business's revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. View Summit Hotel Properties' Earnings History.
When is Summit Hotel Properties' next earnings date?
What guidance has Summit Hotel Properties issued on next quarter's earnings?
Summit Hotel Properties issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share guidance of $1.33 to $1.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.41. Summit Hotel Properties also updated its Q2 guidance to $0.37 to $0.40 EPS.
What price target have analysts set for INN?
10 brokers have issued 1-year target prices for Summit Hotel Properties' shares. Their predictions range from $14.00 to $18.00. On average, they anticipate Summit Hotel Properties' stock price to reach $16.4375 in the next twelve months. 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. " (6/9/2018)
- 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?
Some companies that are related to Summit Hotel Properties include American Campus Communities (ACC), Starwood Property Trust (STWD), Howard Hughes (HHC), CyrusOne (CONE), CubeSmart (CUBE), Hammerson (HMSNF), Store Capital (STOR), Brixmor Property Group (BRX), Healthcare Trust Of America (HTA), Medical Properties Trust (MPW), Highwoods Properties (HIW), Rayonier (RYN), EPR Properties (EPR), Hospitality Properties Trust (HPT) and JBG SMITH Properties (JBGS).
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. Craig J. Aniszewski, Exec. VP & COO (Age 55)
- Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
- Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 47)
- Mr. Gregory A. Dowell, Former Exec. VP, CFO & Treasurer (Age 54)
Has Summit Hotel Properties been receiving favorable news coverage?
Headlines about INN stock have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Hotel Properties earned a media sentiment score of 0.41 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 47.43 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Summit Hotel Properties' major shareholders?
Summit Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.40%), Nuveen Asset Management LLC (6.66%), LSV Asset Management (3.27%), Heitman Real Estate Securities LLC (2.25%), Westwood Holdings Group Inc. (2.08%) and Northern Trust Corp (1.83%). 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 Principal Financial Group Inc., Principal Financial Group Inc., Millennium Management LLC, Prudential Financial Inc., PNC Financial Services Group Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH and BlackRock Inc.. View Insider Buying and Selling for Summit Hotel Properties.
Which institutional investors are buying Summit Hotel Properties stock?
INN stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Victory Capital Management Inc., Duff & Phelps Investment Management Co., Westwood Holdings Group Inc., Heitman Real Estate Securities LLC, Piermont Capital Management Inc., Robeco Institutional Asset Management B.V. and JPMorgan Chase & Co.. 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 $14.21.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.48 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.
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 (INN)
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.
