NYSE:INNSummit Hotel Properties Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Hotel Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $5.83 +0.14 (+2.46 %) (As of 07/6/2020 04:00 PM ET) Add Compare Share Today's Range$5.61Now: $5.83▼$6.0150-Day Range$4.67MA: $6.32▼$8.5952-Week Range$2.32Now: $5.83▼$12.59Volume958,672 shsAverage Volume1.48 million shsMarket Capitalization$613.16 millionP/E Ratio15.76Dividend Yield13.19%Beta2.09 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.58, Summit Hotel Properties has a potential upside of 64.4% from its current price of $5.83.Amount of Analyst CoverageSummit Hotel Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 2.7 Community Rank Outperform VotesSummit Hotel Properties has received 389 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSummit Hotel Properties has received 329 “underperform” votes. (Add your “underperform” vote.)Community SentimentSummit Hotel Properties has received 54.18% “outperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipSummit Hotel Properties is a leading dividend payer. It pays a dividend yield of 13.19%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Hotel Properties has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Summit Hotel Properties is 57.60%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Summit Hotel Properties will have a dividend payout ratio of 144.00% in the coming year. This indicates that Summit Hotel Properties may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.60% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions98.40% of the stock of Summit Hotel Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow in the coming year, from ($0.08) to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is 15.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Hotel Properties is 15.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.30.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.61 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:INN Previous Symbol CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone512-538-2300Debt Debt-to-Equity Ratio0.96 Current Ratio2.09 Quick Ratio2.09Price-To-Earnings Trailing P/E Ratio15.76 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$549.35 million Price / Sales1.12 Cash Flow$1.79 per share Price / Cash Flow3.26 Book Value$11.82 per share Price / Book0.49Profitability EPS (Most Recent Fiscal Year)$1.25 Net Income$82.61 million Net Margins10.49% Return on Equity4.51% Return on Assets2.40%Miscellaneous Employees57 Outstanding Shares105,174,000Market Cap$613.16 million Next Earnings Date7/29/2020 (Estimated) OptionableOptionable INN Rates by TradingView 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 How has Summit Hotel Properties' stock been impacted by COVID-19 (Coronavirus)? Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, INN shares have decreased by 10.6% and is now trading at $5.83. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Summit Hotel Properties? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Summit Hotel Properties. When is Summit Hotel Properties' next earnings date? Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Summit Hotel Properties. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties Inc (NYSE:INN) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.34. The real estate investment trust earned $108.39 million during the quarter, compared to analysts' expectations of $110.52 million. Summit Hotel Properties had a return on equity of 4.51% and a net margin of 10.49%. View Summit Hotel Properties' earnings history. How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties? Summit Hotel Properties announced a quarterly dividend on Friday, January 31st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.18 per share on Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 12.35%. The ex-dividend date of this dividend is Thursday, February 13th. View Summit Hotel Properties' dividend history. What price target have analysts set for INN? 6 Wall Street analysts have issued 1 year target prices for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' share price to reach $9.58 in the next twelve months. This suggests a possible upside of 64.4% from the stock's current price. View analysts' price targets for Summit Hotel Properties. Has Summit Hotel Properties been receiving favorable news coverage? Press coverage about INN stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Hotel Properties earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Summit Hotel Properties. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,560,000 shares, a decrease of 15.0% from the June 15th total of 8,890,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is currently 4.2 days. Currently, 7.3% of the shares of the company 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 American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), HCP (HCP), Ventas (VTR), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA). View all 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), Two Harbors Investment (TWO), Simon Property Group (SPG), Starwood Property Trust (STWD), AT&T (T), AbbVie (ABBV), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Ford Motor (F) and Kimco Realty (KIM). Who are Summit Hotel Properties' key executives? Summit Hotel Properties' management team includes the following 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 OfficerMr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 48) What is Summit Hotel Properties' stock symbol? Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN." 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 $5.83. How big of a company is Summit Hotel Properties? Summit Hotel Properties has a market capitalization of $613.16 million and generates $549.35 million in revenue each year. The real estate investment trust earns $82.61 million in net income (profit) each year or $1.25 on an earnings per share basis. Summit Hotel Properties employs 57 workers across the globe. What is Summit Hotel Properties' official website? The official website for Summit Hotel Properties is 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] This page was last updated on 7/6/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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