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
Phone512-538-2300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$567.27 million
Profitability
Miscellaneous
Employees57
Next Earnings Date11/5/2019 (Confirmed)
OptionableOptionable
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 Monday, July 29th. Investors of record on Friday, August 16th will be paid a dividend of $0.18 per share on Friday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Thursday, August 15th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings data on Wednesday, July, 31st. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.09. The real estate investment trust earned $142.93 million during the quarter, compared to the consensus estimate of $141.05 million. Summit Hotel Properties had a net margin of 18.95% and a return on equity of 8.82%. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. View Summit Hotel Properties' Earnings History.
When is Summit Hotel Properties' next earnings date?
How can I listen to Summit Hotel Properties' earnings call?
Summit Hotel Properties will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What guidance has Summit Hotel Properties issued on next quarter's earnings?
Summit Hotel Properties issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided EPS guidance of $1.20-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.25.
What price target have analysts set for INN?
5 analysts have issued 12 month price targets for Summit Hotel Properties' shares. Their predictions range from $13.00 to $14.00. On average, they anticipate Summit Hotel Properties' stock price to reach $13.50 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.
What is the consensus analysts' recommendation for Summit Hotel Properties?
5 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 3 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 headlines about INN stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of -1.9 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact 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 increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,650,000 shares, an increase of 8.4% from the August 15th total of 11,670,000 shares. Based on an average daily trading volume, of 716,600 shares, the days-to-cover ratio is presently 17.7 days. Currently, 12.3% of the company's shares are short sold. View Summit Hotel Properties' Current Options Chain.
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include Life Storage (LSI), Blackstone Mortgage Trust (BXMT), Eastgroup Properties (EGP), Highwoods Properties (HIW), Sabra Health Care REIT (SBRA), Healthcare Realty Trust (HR), CoreSite Realty (COR), Ryman Hospitality Properties (RHP), Hospitality Properties Trust (SVC), Outfront Media (OUT), Macerich (MAC), Stag Industrial (STAG), Equity Commonwealth (EQC), CHIMERA INVT CO/SH NEW (CIM) and Weingarten Realty Investors (WRI).
What other stocks do shareholders of Summit Hotel Properties own?
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 many different of institutional and retail investors. Top institutional shareholders include Duff & Phelps Investment Management Co. (0.99%), Envestnet Asset Management Inc. (0.20%), Nisa Investment Advisors LLC (0.09%), State of Alaska Department of Revenue (0.08%), Jaguar Listed Property LLC (0.06%) and Meeder Asset Management Inc. (0.02%). 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 major investors are selling Summit Hotel Properties stock?
Which major investors are buying Summit Hotel Properties stock?
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 $11.75.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.24 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?
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)
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.
