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 October 30, 2018, the Company's portfolio consisted of 77 hotels with a total of 11,659 guestrooms located in 26 states.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:INN
Previous Symbol
CUSIP86608210
Phone512-538-2300
Debt
Debt-to-Equity Ratio0.80
Current Ratio1.52
Quick Ratio1.52
Price-To-Earnings
Trailing P/E Ratio8.18
Forward P/E Ratio8.70
P/E Growth5.9
Sales & Book Value
Annual Sales$515.38 million
Price / Sales2.23
Cash Flow$1.7938 per share
Price / Cash Flow6.11
Book Value$12.25 per share
Price / Book0.89
Profitability
EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins16.76%
Return on Equity7.79%
Return on Assets4.26%
Miscellaneous
Employees49
Outstanding Shares104,760,000
Market Cap$1.15 billion
OptionableOptionable
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 announced a quarterly dividend on Monday, October 29th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.18 per share on Friday, November 30th. This represents a $0.72 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, November 15th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Inc (NYSE:INN) released its quarterly earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.33 earnings per share (EPS) 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 analysts' expectations 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 was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. 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 issued an update on its fourth quarter earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $0.26-0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28.
What price target have analysts set for INN?
6 analysts have issued 12 month target prices for Summit Hotel Properties' stock. Their forecasts range from $14.00 to $17.00. On average, they expect Summit Hotel Properties' stock price to reach $15.40 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.
What is the consensus analysts' recommendation for 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 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Hotel Properties.
Has Summit Hotel Properties been receiving favorable news coverage?
News headlines about INN stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include Highwoods Properties (HIW), Hospitality Properties Trust (HPT), Blackstone Mortgage Trust (BXMT), AmeriCold Realty Trust (COLD), First Industrial Realty Trust (FR), Rayonier (RYN), Healthcare Realty Trust (HR), PS Business Parks (PSB), Equity Commonwealth (EQC), Ryman Hospitality Properties (RHP), Hammerson (HMSNF), Weingarten Realty Investors (WRI), Eastgroup Properties (EGP), CHIMERA INVT CO/SH NEW (CIM) and Two Harbors Investment (TWO).
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
Who are Summit Hotel Properties' major shareholders?
Summit Hotel Properties' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.88%), Vanguard Group Inc. (13.20%), Macquarie Group Ltd. (3.42%), LSV Asset Management (2.97%), Jennison Associates LLC (2.51%) and Victory Capital Management Inc. (2.31%). 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 JPMorgan Chase & Co., JPMorgan Chase & Co., Monarch Partners Asset Management LLC, Robeco Institutional Asset Management B.V., ClariVest Asset Management LLC, Morgan Stanley, Schroder Investment Management Group and Credit Suisse AG. View Insider Buying and Selling for Summit Hotel Properties.
Which major investors are buying Summit Hotel Properties stock?
INN stock was acquired by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, BlackRock Inc., Mackenzie Financial Corp, Robeco Institutional Asset Management B.V., GW&K Investment Management LLC, Putnam Investments LLC, Wasatch Advisors Inc. and Victory Capital Management 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 $10.96.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.15 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.
What is Summit Hotel Properties' official website?
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.
