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

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$11.22 -0.17 (-1.49 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$11.39
Today's Range$11.15 - $11.45
52-Week Range$9.29 - $15.61
Volume341,400 shs
Average Volume622,143 shs
Market Capitalization$1.18 billion
P/E Ratio8.31
Dividend Yield6.32%
Beta1.45
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.

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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$1.8515 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

EmployeesN/A
Market Cap$1.18 billion
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. Investors of record on Thursday, February 14th will be paid a dividend of $0.18 per share on Thursday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 6.42%. 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 earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.33 EPS for the quarter, missing the 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%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $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 Wednesday, May 1st 2019. View Earnings Estimates for Summit Hotel Properties.

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

Summit Hotel Properties issued an update on its FY19 earnings guidance on Tuesday, February, 26th. The company provided earnings per share 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 brokerages have issued 12 month target prices for Summit Hotel Properties' stock. Their predictions range from $13.00 to $14.00. On average, they expect Summit Hotel Properties' stock price to reach $13.6667 in the next twelve months. This suggests a possible upside of 21.8% 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?

Media coverage about INN stock has been trending somewhat negative recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

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), Energy Transfer LP Unit (ET), Ford Motor (F), Blackstone Group (BX), General Electric (GE), AbbVie (ABBV), Vereit (VER), Starwood Property Trust (STWD), Hersha Hospitality Trust (HT) and Cisco Systems (CSCO).

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 shareholders 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 institutional 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 institutional investors are buying Summit Hotel Properties stock?

INN stock was purchased 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 $11.22.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.18 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?

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:  2.8 out of 5 (star star)
Outperform Votes:  362 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  647
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 3/19/2019 by MarketBeat.com Staff

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