Summit Hotel Properties, Inc. is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company's portfolio consists of 81 hotels with a total of 11,608 guestrooms located in 24 states. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company's portfolio is located in urban and suburban markets. Based on total number of guestrooms, approximately 92% of the Company's portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 96% is located within over 100 MSAs. Based on total number of guestrooms, approximately 99% of the Company's hotels operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, InterContinental Hotels Group, and an affiliate of Hyatt Hotels Corporation.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:INN
- CUSIP: 86608210
- Web: www.shpreit.com
- Market Cap: $1.86053 billion
- Outstanding Shares: 104,231,000
- 50 Day Moving Avg: $18.55
- 200 Day Moving Avg: $16.79
- 52 Week Range: $12.45 - $19.39
Sales & Book Value:
- Trailing P/E Ratio: 21.84
- Foreward P/E Ratio: 12.34
- P/E Growth: 0.00
- Annual Revenue: $473.84 million
- Price / Sales: 3.88
- Book Value: $10.92 per share
- Price / Book: 1.62
- Annual Dividend: $0.68
- Dividend Yield: 3.8%
- EBIDTA: $153.65 million
- Net Margins: 19.50%
- Return on Equity: 9.26%
- Return on Assets: 5.42%
- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 2.11%
- Quick Ratio: 2.11%
- Average Volume: 1.16 million shs.
- Beta: 1.18
- Short Ratio: 2.38
Frequently Asked Questions for Summit Hotel Properties (NYSE:INN)
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 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.
How were Summit Hotel Properties' earnings last quarter?
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.
When will Summit Hotel Properties make its next earnings announcement?
What guidance has Summit Hotel Properties issued on next quarter's earnings?
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.
Where is Summit Hotel Properties' stock going? Where will Summit Hotel Properties' stock price be in 2017?
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.
What are 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. " (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)
Who are some of Summit Hotel Properties' key competitors?
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).
Who are Summit Hotel Properties' key executives?
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
Who owns Summit Hotel Properties stock?
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.
Who sold Summit Hotel Properties stock? Who is selling Summit Hotel Properties stock?
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.
Who bought Summit Hotel Properties stock? Who is buying Summit Hotel Properties stock?
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.
How do I buy Summit Hotel Properties stock?
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.
What is Summit Hotel Properties' stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Summit Hotel Properties stock can currently be purchased for approximately $17.65.
Consensus Ratings for Summit Hotel Properties (NYSE:INN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.88)|
|Consensus Price Target: ||$17.93 (1.58% upside)|
Analysts' Ratings History for Summit Hotel Properties (NYSE:INN)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/14/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||High|
|6/16/2017||Robert W. Baird||Reiterated Rating||Outperform||$17.00 -> $18.00||Low|
|6/5/2017||Cantor Fitzgerald||Lower Price Target||Buy||$19.00||Low|
|5/25/2017||Canaccord Genuity||Boost Price Target||Buy||$18.00 -> $20.00||Low|
|5/25/2017||Deutsche Bank AG||Boost Price Target||Buy||$17.00 -> $18.00||Medium|
|5/8/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$18.00||Low|
|3/3/2017||Bank of America Corporation||Upgrade||Underperform -> Buy||$17.00||N/A|
|8/4/2016||JMP Securities||Boost Price Target||Market Outperform||$14.00 -> $15.50||N/A|
|3/11/2016||Leerink Swann||Initiated Coverage||Buy -> Outperform||N/A|
|3/10/2016||Janney Montgomery Scott||Initiated Coverage||Buy||$13.00||N/A|
|1/8/2016||BB&T Corporation||Initiated Coverage||Buy||$14.50||N/A|
|12/8/2015||Summit Research||Reiterated Rating||Buy||$41.00||N/A|
|8/4/2015||MLV & Co.||Reiterated Rating||Buy||$16.00||N/A|
Earnings History for Summit Hotel Properties (NYSE:INN)Earnings History by Quarter for Summit Hotel Properties (NYSE INN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|2/23/2017||Q416||$0.03||$0.30||$110.08 million||$110.33 million||View||N/A|
|11/2/2016||Q316||$0.33||$0.37||$117.99 million||$118.34 million||View||N/A|
|8/2/2016||Q216||$0.39||$0.42||$127.70 million||$127.19 million||View||N/A|
|5/3/2016||Q116||$0.31||$0.32||$116.68 million||$118.10 million||View||N/A|
|2/24/2016||Q415||$0.23||$0.27||$108.00 million||$110.04 million||View||Listen|
|11/2/2015||Q315||$0.34||$0.37||$122.64 million||$125.09 million||View||N/A|
|8/3/2015||Q215||$0.33||$0.34||$119.18 million||$120.60 million||View||N/A|
|5/4/2015||Q115||$0.24||$0.27||$105.17 million||$107.60 million||View||N/A|
|3/2/2015||Q414||$0.18||$0.20||$94.61 million||$99.10 million||View||N/A|
|11/3/2014||Q314||$0.26||$0.30||$102.63 million||$109.26 million||View||N/A|
|8/6/2014||Q114||$0.26||$0.28||$101.11 million||$105.53 million||View||N/A|
|5/12/2014||Q1||$0.18||$0.19||$87.33 million||$89.50 million||View||Listen|
|3/17/2014||Q4||$0.13||$0.14||$80.09 million||$77.96 million||View||Listen|
|11/7/2012||Q312||$0.25||$0.26||$49.71 million||$51.23 million||View||N/A|
Earnings Estimates for Summit Hotel Properties (NYSE:INN)
Current Year EPS Consensus Estimate: $1.32 EPS
Next Year EPS Consensus Estimate: $1.43 EPS
Current Dividend Information for Summit Hotel Properties (NYSE:INN)
|Most Recent Dividend:||5/31/2017|
|Dividend Growth:||6.60% (3 Year Average)|
|Payout Ratio:||85.00% (Trailing 12 Months of Earnings) |
51.52% (Based on This Year's Estimates)
47.55% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Summit Hotel Properties (NYSE INN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Summit Hotel Properties (NYSE:INN)
Insider Ownership Percentage: 1.94%Insider Trades by Quarter for Summit Hotel Properties (NYSE:INN)
Institutional Ownership Percentage: 88.03%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/14/2015||Greg A Dowell||CFO||Sell||2,000||$12.21||$24,420.00|| |
|8/12/2015||Daniel P Hansen||CEO||Buy||10,000||$12.19||$121,900.00|| |
|9/15/2014||Wayne Wielgus||Director||Buy||2,000||$10.31||$20,620.00|| |
|9/12/2014||Wayne Wielgus||Director||Buy||8,000||$10.51||$84,080.00|| |
|12/10/2013||Craig Aniszewski||COO||Buy||1,190||$8.83||$10,507.70|| |
|11/14/2013||Daniel Hansen||CEO||Buy||10,000||$8.83||$88,300.00|| |
|6/11/2013||Craig J Aniszewski||COO||Buy||2,129||$9.38||$19,970.02|| |
|3/8/2013||Wayne Wielgus||Director||Buy||5,000||$9.97||$49,850.00|| |
|11/19/2012||Troy L Hester||CAO||Buy||25,000||$8.45||$211,250.00|| |
Headline Trends for Summit Hotel Properties (NYSE:INN)
Latest Headlines for Summit Hotel Properties (NYSE:INN)
|Summit Hotel Properties, Inc. (NYSE:INN) Downgraded by UBS AG|
www.americanbankingnews.com - July 15 at 11:28 PM
|Summit Hotel Properties, Inc. (INN) Expected to Announce Quarterly Sales of $129.91 Million|
www.americanbankingnews.com - July 14 at 1:57 PM
|Summit Hotel Properties' (INN) Market Perform Rating Reaffirmed at Raymond James Financial, Inc.|
www.americanbankingnews.com - July 14 at 10:46 AM
|Summit Hotel Properties, Inc. breached its 50 day moving average in a Bullish Manner : INN-US : July 12, 2017|
finance.yahoo.com - July 13 at 3:18 AM
|$0.36 Earnings Per Share Expected for Summit Hotel Properties, Inc. (INN) This Quarter|
www.americanbankingnews.com - July 12 at 4:16 PM
|Downtown Louisville hotel sells for $50M|
www.bizjournals.com - July 12 at 5:00 AM
|Summit Hotel Properties Announces Second Quarter 2017 Earnings Release Date|
finance.yahoo.com - July 11 at 11:54 PM
|Summit Hotel Properties Appoints Independent Director|
finance.yahoo.com - July 10 at 7:53 PM
|Summit Hotel Properties, Inc. (INN) Upgraded to Buy at Zacks Investment Research|
www.americanbankingnews.com - July 9 at 1:40 PM
|Critical Analysis: Summit Hotel Properties (INN) versus MGM Growth Properties (MGP)|
www.americanbankingnews.com - July 4 at 8:25 AM
|Summit Hotel Properties, Inc. (NYSE:INN) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - July 3 at 11:02 AM
|Summit Hotel Properties, Inc. (INN) Rating Lowered to Buy at BidaskClub|
www.americanbankingnews.com - June 30 at 10:23 PM
|Xenia Hotels & Resorts Completes $163 Million, 5-Hotel Portfolio Sale to Summit Hotel Properties|
finance.yahoo.com - June 22 at 1:10 PM
|Summit Hotel Properties Completes $163 Million, 5-Hotel Portfolio Acquisition|
finance.yahoo.com - June 22 at 1:10 PM
|$130.52 Million in Sales Expected for Summit Hotel Properties, Inc. (INN) This Quarter|
www.americanbankingnews.com - June 18 at 8:55 AM
|Summit Hotel Properties, Inc. (INN) Receives Outperform Rating from Robert W. Baird|
www.americanbankingnews.com - June 16 at 7:38 PM
|Zacks: Brokerages Expect Summit Hotel Properties, Inc. (INN) Will Post Earnings of $0.37 Per Share|
www.americanbankingnews.com - June 16 at 4:42 PM
|Summit Hotel Properties Completes Acquisition Of Courtyard By Marriott Charlotte City Center|
finance.yahoo.com - June 16 at 5:26 AM
|Summit Hotel Properties Wins 2017 NAREIT Investor CARE Award|
finance.yahoo.com - June 12 at 6:31 PM
|Summit Hotel Properties Inc (INN) Upgraded by ValuEngine to "Strong-Buy"|
www.americanbankingnews.com - June 6 at 8:32 PM
|Summit Hotel Properties Inc (INN) Receives Average Rating of "Buy" from Brokerages|
www.americanbankingnews.com - June 6 at 9:26 AM
|Summit Hotel Properties Inc (INN) Receives "Buy" Rating from Cantor Fitzgerald|
www.americanbankingnews.com - June 5 at 11:44 AM
|Summit Hotel Properties Completes Acquisition of Courtyard by Marriott Fort Lauderdale|
finance.yahoo.com - June 1 at 6:45 PM
|Summit Hotel Properties Inc (INN) Short Interest Update|
www.americanbankingnews.com - May 31 at 9:14 AM
|Deutsche Bank AG Boosts Summit Hotel Properties Inc (INN) Price Target to $18.00|
www.americanbankingnews.com - May 27 at 5:40 PM
|Public company buys Fort Lauderdale beachfront hotel for $83M|
www.bizjournals.com - May 26 at 6:39 PM
|Summit Hotel Properties' (INN) Overweight Rating Reaffirmed at Cantor Fitzgerald|
www.americanbankingnews.com - May 25 at 9:52 PM
|Summit Hotel Properties Inc (INN) Price Target Increased to $20.00 by Analysts at Canaccord Genuity|
www.americanbankingnews.com - May 25 at 12:34 PM
|Summit Hotel Properties Inc (INN) Receives "Buy" Rating from Canaccord Genuity|
www.americanbankingnews.com - May 15 at 6:58 PM
|Summit Hotel Properties Announces Exercise Of Underwriters' Option To Purchase Additional Shares And Subsequent Closing Of Public Offering Of Common Stock|
finance.yahoo.com - May 15 at 5:24 PM
|Summit Hotel Properties, Inc. : INN-US: Dividend Analysis : May 16th, 2017 (record date) : By the numbers : May 12, 2017|
finance.yahoo.com - May 12 at 6:37 PM
|Summit Hotel Properties Inc (INN) Stock Rating Reaffirmed by Cantor Fitzgerald|
www.americanbankingnews.com - May 12 at 4:05 PM
|Summit Hotel Properties Inc (INN) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - May 12 at 10:25 AM
|Summit Hotel Properties 7.125% Series C Cumulative Redeemable Preferred Stock Ex-Dividend Reminder|
www.nasdaq.com - May 11 at 6:30 PM
|Summit Hotel Properties (INN) Prices 9M Offering of Common Stock at $16.50/Share|
www.streetinsider.com - May 11 at 6:30 PM
|Summit Hotel Properties Announces Pricing Of Public Offering Of Common Stock|
finance.yahoo.com - May 10 at 1:19 PM
|Summit Hotel Properties prices offering|
seekingalpha.com - May 10 at 7:28 AM
|Summit Hotel Properties Announces Public Offering Of Common Stock|
finance.yahoo.com - May 9 at 5:42 PM
|Summit Hotel Properties' (INN) Buy Rating Reaffirmed at Royal Bank of Canada|
www.americanbankingnews.com - May 8 at 1:34 PM
|Edited Transcript of INN earnings conference call or presentation 4-May-17 1:00pm GMT|
finance.yahoo.com - May 4 at 11:06 PM
|BRIEF-Summit Hotel Properties reports Q1 adjusted FFO per share $0.32|
www.reuters.com - May 4 at 8:14 AM
|Summit Hotel Properties reports 1Q results|
finance.yahoo.com - May 4 at 8:14 AM
|Summit Hotel Properties Reports First Quarter 2017 Results|
finance.yahoo.com - May 4 at 12:49 AM
|Summit Hotel Properties Inc (INN) Updates FY17 Earnings Guidance|
www.americanbankingnews.com - May 3 at 7:08 PM
|Summit Hotel Properties Inc (INN) Releases Q2 Earnings Guidance|
www.americanbankingnews.com - May 3 at 7:08 PM
|Somewhat Critical News Coverage Likely to Impact Summit Hotel Properties (INN) Share Price|
www.americanbankingnews.com - May 3 at 12:14 PM
|Summit Hotel Properties Inc (INN) Announces Dividend Increase - $0.17 Per Share|
www.americanbankingnews.com - May 1 at 8:36 PM
|Summit Hotel Properties Inc (INN) Set to Announce Quarterly Earnings on Wednesday|
www.americanbankingnews.com - May 1 at 7:42 PM
|Hospitality Investors Trust Completes $1.225 Billion Refinancing and Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million|
www.bizjournals.com - May 1 at 1:19 PM
|Summit Hotel Properties (INN) Receiving Favorable Press Coverage, Study Finds|
www.americanbankingnews.com - April 30 at 10:51 AM
Summit Hotel Properties (INN) Chart for Tuesday, July, 25, 2017