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 announced a quarterly dividend on Monday, February 4th. Investors of record on Thursday, February 14th will be given 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 6.11%. The ex-dividend date is Wednesday, February 13th. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties Inc (NYSE:INN) posted its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by $0.02. The real estate investment trust had revenue of $142.34 million for the quarter, compared to the consensus estimate of $141.18 million. Summit Hotel Properties had a net margin of 16.76% and a return on equity of 7.79%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. View Summit Hotel Properties' Earnings History.

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties will be holding an earnings conference call on Wednesday, February 27th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8779308101.

7 analysts have issued twelve-month price objectives for Summit Hotel Properties' shares. Their predictions range from $13.00 to $17.00. On average, they anticipate Summit Hotel Properties' share price to reach $15.00 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

7 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Hotel Properties.

Press coverage about INN stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Hotel Properties earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the next few days.

Some companies that are related to Summit Hotel Properties include Highwoods Properties (HIW), Life Storage (LSI), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), First Industrial Realty Trust (FR), AmeriCold Realty Trust (COLD), Blackstone Mortgage Trust (BXMT), Healthcare Realty Trust (HR), PS Business Parks (PSB), Cousins Properties (CUZ), Equity Commonwealth (EQC), CoreSite Realty (COR), Eastgroup Properties (EGP), Apple Hospitality REIT (APLE) and Rayonier (RYN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include Ford Motor (F), New Residential Investment (NRZ), Vereit (VER), Blackstone Group (BX), Energy Transfer LP Unit (ET), Hersha Hospitality Trust (HT), Kimco Realty (KIM), Stag Industrial (STAG), Starwood Property Trust (STWD) and Two Harbors Investment (TWO).

Summit Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional investors 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.

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.

INN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Oregon Public Employees Retirement Fund, GWM Advisors LLC, Two Sigma Investments LP, Grace & White Inc. NY, Prudential Financial Inc., Geode Capital Management LLC and Bank of New York Mellon Corp. 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.

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 $11.78.

Summit Hotel Properties has a market capitalization of $1.23 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.

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]