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

Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."

Summit Hotel Properties declared a quarterly dividend on Monday, July 29th. Investors of record on Friday, August 16th will be given a dividend of $0.18 per share on Friday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Thursday, August 15th. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties Inc (NYSE:INN) issued its earnings results on Wednesday, July, 31st. The real estate investment trust reported $0.43 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $0.09. The real estate investment trust earned $142.93 million during the quarter, compared to analysts' expectations of $141.05 million. Summit Hotel Properties had a return on equity of 8.82% and a net margin of 18.95%. The company's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. View Summit Hotel Properties' Earnings History.

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties updated its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of $1.20-1.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.25.

5 brokerages 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' share price to reach $13.50 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price. View Analyst Price Targets 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.

Media headlines about INN stock have been trending positive this week, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Summit Hotel Properties.

Some companies that are related to Summit Hotel Properties include Eastgroup Properties (EGP), Highwoods Properties (HIW), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), CoreSite Realty (COR), Equity Commonwealth (EQC), Hospitality Properties Trust (HPT), Outfront Media (OUT), Macerich (MAC), Stag Industrial (STAG), Two Harbors Investment (TWO), CHIMERA INVT CO/SH NEW (CIM), National Health Investors (NHI) and Apple Hospitality REIT (APLE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include New Residential Investment (NRZ), AT&T (T), Energy Transfer LP Unit (ET), Kimco Realty (KIM), AbbVie (ABBV), Ford Motor (F), Tanger Factory Outlet Centers (SKT), Blackstone Group (BX), Enterprise Products Partners (EPD) and Altria Group (MO).

Summit Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.93%), BlackRock Inc. (17.93%), Vanguard Group Inc. (13.66%), Nuveen Asset Management LLC (4.71%), Westwood Holdings Group Inc. (2.59%) and Jennison Associates LLC (2.39%). View Institutional Ownership Trends for Summit Hotel Properties.

INN stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Duff & Phelps Investment Management Co., Victory Capital Management Inc., Westwood Holdings Group Inc., Jennison Associates LLC, Jennison Associates LLC, Invesco Ltd. and Teachers Insurance & Annuity Association of America. View Insider Buying and Selling for Summit Hotel Properties.

INN stock was bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Morgan Stanley, Deprince Race & Zollo Inc., Nuveen Asset Management LLC, Renaissance Technologies LLC, Mackenzie Financial Corp, Mackenzie Financial Corp and Virtus ETF Advisers LLC. View Insider Buying and Selling for 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.

One share of INN stock can currently be purchased for approximately $10.86.

Summit Hotel Properties has a market capitalization of $1.14 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.

The official website for Summit Hotel Properties is http://www.shpreit.com/.

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]