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

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

Summit Hotel Properties declared a quarterly dividend on Friday, November 1st. Investors of record on Friday, November 15th will be paid a dividend of $0.18 per share on Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Thursday, November 14th. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties Inc (NYSE:INN) posted its earnings results on Tuesday, November, 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.24. The real estate investment trust earned $133.69 million during the quarter, compared to analysts' expectations of $133.52 million. Summit Hotel Properties had a net margin of 14.44% and a return on equity of 6.64%. The company's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the company 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 25th 2020. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Summit Hotel Properties issued an update on its FY19 earnings guidance on Tuesday, November, 5th. The company provided EPS guidance of $1.23-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.26.

3 equities research analysts have issued 1 year target prices for Summit Hotel Properties' shares. Their forecasts range from $13.00 to $14.00. On average, they anticipate Summit Hotel Properties' stock price to reach $13.50 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Hotel Properties.

News articles about INN stock have been trending very negative recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Hotel Properties earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Summit Hotel Properties.

Some companies that are related to Summit Hotel Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Host Hotels and Resorts (HST), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), EPR Properties (EPR), Life Storage (LSI), Ryman Hospitality Properties (RHP) and Healthcare Realty Trust (HR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include AbbVie (ABBV), New Residential Investment (NRZ), Energy Transfer LP Unit (ET), Ford Motor (F), Kimco Realty (KIM), Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), AT&T (T), Apple Hospitality REIT (APLE) and Enterprise Products Partners (EPD).

Summit Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.10%), Nisa Investment Advisors LLC (0.09%), Bowling Portfolio Management LLC (0.07%), Louisiana State Employees Retirement System (0.03%) and Trinity Legacy Partners LLC (0.01%). 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 Louisiana State Employees Retirement System. View Insider Buying and Selling for Summit Hotel Properties.

INN stock was purchased by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, State of Alaska Department of Revenue, Trinity Legacy Partners LLC and Nisa Investment Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of INN stock can currently be purchased for approximately $12.11.

Summit Hotel Properties has a market capitalization of $1.27 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. Summit Hotel Properties employs 57 workers across the globe.View Additional Information About Summit Hotel Properties.

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]