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 May 2, 2018, the Company's portfolio consisted of 83 hotels with a total of 12,250 guestrooms located in 26 states. For additional information, please visit the Company's website, www.shpreit.com, and follow the Company on Twitter at @SummitHotel_INN.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:INN
CUSIP86608210
Phone512-538-2300
Debt
Debt-to-Equity Ratio0.79
Current Ratio1.51
Quick Ratio1.51
Price-To-Earnings
Trailing P/E Ratio10.07
Forward P/E Ratio10.55
P/E Growth2.93
Sales & Book Value
Annual Sales$515.38 million
Price / Sales2.74
Cash Flow$1.8024 per share
Price / Cash7.49
Book Value$12.25 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins14.16%
Return on Equity6.53%
Return on Assets3.65%
Miscellaneous
Employees49
Outstanding Shares104,740,000
Market Cap$1.41 billion
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 Tuesday, July 31st. Shareholders of record on Thursday, August 16th will be given a dividend of $0.18 per share on Friday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Wednesday, August 15th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Inc (NYSE:INN) announced its quarterly earnings data on Wednesday, August, 1st. The real estate investment trust reported $0.40 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.03. The real estate investment trust had revenue of $152.20 million for the quarter, compared to analyst estimates of $151.13 million. Summit Hotel Properties had a return on equity of 6.53% and a net margin of 14.16%. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. 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 FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share guidance of $1.30-$1.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.38. Summit Hotel Properties also updated its Q3 guidance to $0.33-$0.36 EPS.
What price target have analysts set for INN?
8 equities research analysts have issued 1 year target prices for Summit Hotel Properties' stock. Their predictions range from $16.00 to $17.50. On average, they expect Summit Hotel Properties' stock price to reach $16.5833 in the next year. This suggests a possible upside of 22.8% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.
What is the consensus analysts' recommendation for Summit Hotel Properties?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Hotel Properties.
What are Wall Street analysts saying about Summit Hotel Properties stock?
Here are some recent quotes from research analysts about Summit Hotel Properties stock:
- 1. According to Zacks Investment Research, "Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused primarily on owning premium-branded, select-service hotels in the upscale and upper midscale segments of the lodging industry. " (8/2/2018)
- 2. Cantor Fitzgerald analysts commented, "Core FFO/sh. of $0.30 was $0.02 higher than our estimate. The variance to our estimate was higher hotel EBITDA and lower G&A. Pro-forma RevPAR was up 5.5%, 250bps higher than guidance at MP. Excluding the markets that benefited from hurricane, RevPAR would have been up 3.6% (60bps higher than guidance MP) which is 20bps lower than RevPAR for Upscale segment (as reported by STR). RevPAR growth in 4Q was largely driven by occupancy gains of 4.9% and modest ADR increase of 0.6%. The pro-forma hotel EBITDA margin was down 65bps (impacted by property taxes excluding which margin would be up 39bps)." (2/23/2018)
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include American Campus Communities (ACC), Howard Hughes (HHC), Brixmor Property Group (BRX), Medical Properties Trust (MPW), Hammerson (HMSNF), Highwoods Properties (HIW), EPR Properties (EPR), Hospitality Properties Trust (HPT), Life Storage (LSI), Rayonier (RYN), JBG SMITH Properties (JBGS), Gramercy Property Trust (GPT), Ryman Hospitality Properties (RHP), Senior Housing Properties Trust (SNH) and First Industrial Realty Trust (FR).
Who are Summit Hotel Properties' key executives?
Summit Hotel Properties' management team includes the folowing people:
- Mr. Daniel P. Hansen, Chairman, Pres & CEO (Age 49)
- Mr. Jonathan P. Stanner, Exec. VP, CFO & Chief Investment Officer (Age 36)
- Mr. Craig J. Aniszewski, Exec. VP & COO (Age 55)
- Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 47)
- Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
Has Summit Hotel Properties been receiving favorable news coverage?
News stories about INN stock have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Hotel Properties earned a media and rumor sentiment score of 0.14 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 48.33 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Summit Hotel Properties.
Who are Summit Hotel Properties' major shareholders?
Summit Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.71%), Macquarie Group Ltd. (3.41%), LSV Asset Management (3.03%), Jennison Associates LLC (2.53%), Victory Capital Management Inc. (2.18%) and Duff & Phelps Investment Management Co. (1.74%). 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 Heitman Real Estate Securities LLC, Westpac Banking Corp, LSV Asset Management, Renaissance Technologies LLC, Boston Advisors LLC, Russell Investments Group Ltd., Bank of Montreal Can and Dupont Capital Management Corp. View Insider Buying and Selling for Summit Hotel Properties.
Which major investors are buying Summit Hotel Properties stock?
INN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Duff & Phelps Investment Management Co., Segall Bryant & Hamill LLC, Federated Investors Inc. PA, Victory Capital Management Inc., Robeco Institutional Asset Management B.V., First Trust Advisors LP 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 $13.50.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.41 billion and generates $515.38 million in revenue each year. The real estate investment trust earns $99.21 million in net income (profit) each year or $1.34 on an earnings per share basis. Summit Hotel Properties employs 49 workers across the globe.
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.
