NYSE:INN - Summit Hotel Properties Stock Price, News, & Analysis

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$11.58 +0.03 (+0.26 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$11.55
Today's Range$11.49 - $11.63
52-Week Range$9.29 - $15.61
Volume242,146 shs
Average Volume597,370 shs
Market Capitalization$1.22 billion
P/E Ratio8.58
Dividend Yield6.23%
Beta1.45
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP86608210
Phone512-538-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$567.27 million
Cash Flow$1.8323 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

EmployeesN/A
Market Cap$1.22 billion
Next Earnings Date5/1/2019 (Confirmed)
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 declared a quarterly dividend on Monday, February 4th. Stockholders 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 dividend yield of 6.22%. The ex-dividend date is Wednesday, February 13th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.02. The real estate investment trust earned $142.34 million during the quarter, compared to analyst estimates of $141.18 million. Summit Hotel Properties had a net margin of 16.03% and a return on equity of 7.60%. The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. View Summit Hotel Properties' Earnings History.

When is Summit Hotel Properties' next earnings date?

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Summit Hotel Properties.

How can I listen to Summit Hotel Properties' earnings call?

Summit Hotel Properties will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8779308101.

What guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties issued an update on its FY19 earnings guidance on Tuesday, February, 26th. The company provided EPS guidance of $1.22 to $1.34 for the period, compared to the Thomson Reuters consensus estimate of $1.32. Summit Hotel Properties also updated its FY 2019 guidance to $1.22-1.34 EPS.

What price target have analysts set for INN?

4 Wall Street analysts have issued twelve-month target prices for Summit Hotel Properties' stock. Their predictions range from $13.00 to $14.00. On average, they expect Summit Hotel Properties' share price to reach $13.6667 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

What is the consensus analysts' recommendation for Summit Hotel Properties?

4 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 3 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?

Media headlines about INN stock have been trending positive on Wednesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog 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 coverage optimism score of 2.5 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of Summit Hotel Properties' key competitors?

What other stocks do shareholders of Summit Hotel Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include AbbVie (ABBV), Blackstone Group (BX), New Residential Investment (NRZ), Vereit (VER), Micron Technology (MU), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Ford Motor (F), General Electric (GE) and AT&T (T).

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the folowing people:
  • Mr. Daniel P. Hansen, Chairman, Pres & CEO (Age 50)
  • Mr. Jonathan P. Stanner, Exec. VP, CFO & Chief Investment Officer (Age 37)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 56)
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 48)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include Duff & Phelps Investment Management Co. (1.35%), Grace & White Inc. NY (0.68%), Deprince Race & Zollo Inc. (0.54%), Strs Ohio (0.30%), Brinker Capital Inc. (0.15%) and Bank of Edwardsville (0.08%). 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 Duff & Phelps Investment Management Co., Strs Ohio and First Citizens Bank & Trust Co.. View Insider Buying and Selling for Summit Hotel Properties.

Which major investors are buying Summit Hotel Properties stock?

INN stock was bought by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Grace & White Inc. NY, Bank of Edwardsville, Brinker Capital Inc., Nisa Investment Advisors LLC, Denali Advisors LLC, Oppenheimer Asset Management Inc. and Versant 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 $11.58.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.22 billion and generates $567.27 million in revenue each year. The real estate investment trust earns $90.92 million in net income (profit) each year or $1.35 on an earnings per share basis.

What is Summit Hotel Properties' official website?

The official website for Summit Hotel Properties is http://www.shpreit.com.

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)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  368 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  655
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.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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