Summit Hotel Properties Company Profile (NYSE:INN)

Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."

Summit Hotel Properties declared a quarterly dividend on Monday, May 1st. Stockholders of record on Tuesday, May 16th will be given a dividend of $0.17 per share on Wednesday, May 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, May 12th. This is an increase from Summit Hotel Properties's previous quarterly dividend of $0.16. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties, Inc. (NYSE:INN) issued its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.04. The business earned $118.34 million during the quarter, compared to analyst estimates of $117.99 million. Summit Hotel Properties had a return on equity of 9.26% and a net margin of 19.50%. The firm's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. View Summit Hotel Properties' Earnings History.

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.34-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.39. Summit Hotel Properties also updated its Q2 guidance to $0.38-0.40 EPS.

8 analysts have issued 12 month price objectives for Summit Hotel Properties' shares. Their forecasts range from $15.50 to $20.00. On average, they expect Summit Hotel Properties' share price to reach $17.93 in the next year. View Analyst Ratings for Summit Hotel Properties.

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. " (7/12/2017)
• 2. Cantor Fitzgerald analysts commented, "Today, Summit Hotel announced an agreement to acquire a portfolio of 5 hotels with 812 rooms for $163m (expected closing in 30 days), bringing YTD total to ~$308.2m. Our current acquisition estimates included $200m in 2H (for ’17 of $345.2m) and $150m in ’18." (6/5/2017)

Some companies that are related to Summit Hotel Properties include Sunstone Hotel Investors (SHO), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Diamondrock Hospitality Company (DRH), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), MGM Growth Properties LLC (MGP), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP), Ashford Hospitality Prime (AHP), Sotherly Hotels (SOHO) and Gaming and Leisure Properties (GLPIV).

Summit Hotel Properties' management team includes the folowing people:

• Daniel P. Hansen, Chairman of the Board, President, Chief Executive Officer
• Craig J. Aniszewski, Chief Operating Officer, Executive Vice President
• Jonathan P. Stanner, Executive Vice President, Chief Investment Officer
• Christopher R. Eng, Executive Vice President, Chief Risk Officer, General Counsel, Secretary
• Paul Ruiz, Chief Accounting Officer, Vice President
• Gregory A. Dowell, Chief Financial Officer, Executive Vice President, Treasurer
• Jeffrey W. Jones, Lead Independent Director
• Bjorn R. L. Hanson Ph.D., Independent Director
• Kenneth J. Kay, Independent Director
• Thomas W. Storey, Independent Director

Summit Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional investors include GW&K Investment Management LLC (0.91%), Bank of Montreal Can (0.19%), James Investment Research Inc. (0.12%), Crow Point Partners LLC (0.12%), Eqis Capital Management Inc. (0.10%) and Fisher Asset Management LLC (0.08%). Company insiders that own Summit Hotel Properties stock include Daniel P Hansen and Greg A Dowell. View Institutional Ownership Trends for Summit Hotel Properties.

Summit Hotel Properties' stock was sold by a variety of institutional investors in the last quarter, including Exane Derivatives, Banced Corp, Independent Portfolio Consultants Inc., First Citizens Bank & Trust Co. and Capstone Asset Management Co.. View Insider Buying and Selling for Summit Hotel Properties.

Summit Hotel Properties' stock was purchased by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Crow Point Partners LLC, Forsta AP Fonden, Eqis Capital Management Inc., Fisher Asset Management LLC, Bank of Montreal Can, State of Alaska Department of Revenue and James Investment Research Inc.. View Insider Buying and Selling for Summit Hotel Properties.

Shares of Summit Hotel Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Summit Hotel Properties stock can currently be purchased for approximately $17.65.