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

$11.94
-0.04 (-0.33 %)
(As of 09/17/2019 04:00 PM ET)
Today's Range
$11.85
Now: $11.94
$11.98
50-Day Range
$10.74
MA: $11.32
$12.03
52-Week Range
$9.29
Now: $11.94
$13.61
Volume21,667 shs
Average Volume695,447 shs
Market Capitalization$1.26 billion
P/E Ratio8.81
Dividend Yield6.03%
Beta1.19
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
CUSIP86608210
Phone512-538-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$567.27 million
Cash Flow$1.8483 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

Employees57
Market Cap$1.26 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

Receive INN News and Ratings via Email

Sign-up to receive the latest news and ratings for INN and its competitors with MarketBeat's FREE daily newsletter.


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 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 6.03%. The ex-dividend date of this dividend 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 results on Wednesday, July, 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.09. The real estate investment trust had revenue of $142.93 million for 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 business's revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 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 Tuesday, October 29th 2019. View Earnings Estimates for Summit Hotel Properties.

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

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

What price target have analysts set for INN?

5 analysts have issued 1 year target prices for Summit Hotel Properties' shares. Their forecasts range from $13.00 to $14.00. On average, they anticipate Summit Hotel Properties' share price to reach $13.50 in the next year. This suggests a possible upside of 13.1% 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?

Media stories about INN stock have trended negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Hotel Properties earned a news impact score of -2.9 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 news coverage is extremely likely to have an effect on the stock's share price in the next several 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 August. As of August 31st, there was short interest totalling 11,094,800 shares, an increase of 8.9% from the July 31st total of 10,184,400 shares. Based on an average trading volume of 613,900 shares, the short-interest ratio is presently 18.1 days. Approximately 10.8% of the company's stock are sold short. View Summit Hotel Properties' Current Options Chain.

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), AT&T (T), Energy Transfer LP Unit (ET), Kimco Realty (KIM), AbbVie (ABBV), Enterprise Products Partners (EPD), Ford Motor (F), Tanger Factory Outlet Centers (SKT), Blackstone Group (BX) and Altria Group (MO).

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 a number of of institutional and retail investors. Top institutional investors 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%). 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 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.

Which institutional investors are buying Summit Hotel Properties stock?

INN stock was acquired 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.

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 $11.94.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.26 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?

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:  372 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  673
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 9/17/2019 by MarketBeat.com Staff

Featured Article: CD Ladder

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel