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 October 30, 2018, the Company's portfolio consisted of 77 hotels with a total of 11,659 guestrooms located in 26 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
EmployeesN/A
Next Earnings Date5/1/2019 (Estimated)
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, February 4th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.18 per share on Thursday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend is Wednesday, February 13th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Inc (NYSE:INN) announced its quarterly earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.02. The real estate investment trust earned $142.34 million during the quarter, compared to analyst estimates of $141.18 million. Summit Hotel Properties had a net margin of 16.03% and a return on equity of 7.60%. Summit Hotel Properties's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. 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 updated its FY19 earnings guidance on Tuesday, February, 26th. The company provided EPS guidance of $1.22 to $1.34 for the period, compared to the Thomson Reuters consensus estimate of $1.32. Summit Hotel Properties also updated its FY 2019 guidance to $1.22-1.34 EPS.
What price target have analysts set for INN?
4 Wall Street analysts have issued 12 month target prices for Summit Hotel Properties' stock. Their predictions range from $13.00 to $14.00. On average, they anticipate Summit Hotel Properties' share price to reach $13.6667 in the next twelve months. This suggests a possible upside of 24.4% 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 and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 on Saturday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring 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 five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a coverage optimism score of -1.9 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company's share price in the next few days.
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include AmeriCold Realty Trust (COLD), Life Storage (LSI), First Industrial Realty Trust (FR), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), Blackstone Mortgage Trust (BXMT), Pebblebrook Hotel Trust (PEB), PS Business Parks (PSB), Cousins Properties (CUZ), Eastgroup Properties (EGP), Healthcare Realty Trust (HR), Equity Commonwealth (EQC), Rayonier (RYN), CoreSite Realty (COR) 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 & Chief Investment Officer (Age 37)
- Mr. Craig J. Aniszewski, Exec. VP & COO (Age 56)
- Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 48)
- Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
Who are Summit Hotel Properties' major shareholders?
Summit Hotel Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.41%), Nuveen Asset Management LLC (5.98%), Macquarie Group Ltd. (3.44%), LSV Asset Management (2.93%), Jennison Associates LLC (2.55%) and Northern Trust Corp (2.43%). 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?
INN stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, LPL Financial LLC, Bank of America Corp DE, Millennium Management LLC, Duff & Phelps Investment Management Co., Northern Trust Corp, SG Americas Securities LLC and Virginia Retirement Systems ET AL. View Insider Buying and Selling for Summit Hotel Properties.
Which major investors are buying Summit Hotel Properties stock?
INN stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Oregon Public Employees Retirement Fund, GWM Advisors LLC, Two Sigma Investments LP, Grace & White Inc. NY, Prudential Financial Inc. and American Century Companies Inc.. 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 $10.99.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.15 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.
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.
