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About Summit Hotel Properties (NYSE:INN)
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 February 21, 2018, the Company's portfolio consisted of 83 hotels with a total of 12,242 guestrooms located in 26 states.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:INN
CUSIP86608210
Phone512-538-2300
Debt
Debt-to-Equity Ratio0.83
Current Ratio1.46
Quick Ratio1.46
Price-To-Earnings
Trailing P/E Ratio11.01
Forward P/E Ratio11.01
P/E Growth3.05
Sales & Book Value
Annual Sales$515.38 million
Price / Sales3.00
Cash Flow$1.7944 per share
Price / Cash8.22
Book Value$11.28 per share
Price / Book1.31
Profitability
EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins14.10%
Return on Equity6.23%
Return on Assets3.58%
Miscellaneous
Employees49
Outstanding Shares104,700,000
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 Tuesday, May 1st. Stockholders of record on Wednesday, May 16th will be paid a dividend of $0.18 per share on Thursday, May 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Tuesday, May 15th. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Llc (NYSE:INN) released its quarterly earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.03. The real estate investment trust earned $140.20 million during the quarter, compared to analysts' expectations of $138.99 million. Summit Hotel Properties had a return on equity of 6.23% and a net margin of 14.10%. Summit Hotel Properties's revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 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 FY18 earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $1.33 to $1.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41. Summit Hotel Properties also updated its Q2 guidance to $0.37 to $0.40 EPS.
What price target have analysts set for INN?
10 equities research analysts have issued 1-year price objectives for Summit Hotel Properties' shares. Their predictions range from $14.00 to $18.00. On average, they expect Summit Hotel Properties' share price to reach $16.4375 in the next twelve months. View Analyst Ratings for Summit Hotel Properties.
What are Wall Street 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. " (5/12/2018)
- 2. Cantor Fitzgerald analysts commented, "Core FFO/sh. of $0.30 was $0.02 higher than our estimate. The variance to our estimate was higher hotel EBITDA and lower G&A. Pro-forma RevPAR was up 5.5%, 250bps higher than guidance at MP. Excluding the markets that benefited from hurricane, RevPAR would have been up 3.6% (60bps higher than guidance MP) which is 20bps lower than RevPAR for Upscale segment (as reported by STR). RevPAR growth in 4Q was largely driven by occupancy gains of 4.9% and modest ADR increase of 0.6%. The pro-forma hotel EBITDA margin was down 65bps (impacted by property taxes excluding which margin would be up 39bps)." (2/23/2018)
Who are some of Summit Hotel Properties' key competitors?
Some companies that are related to Summit Hotel Properties include Apartment Inv & Mgmt (AIV), New Residential Inv (NRZ), National Retail Properties (NNN), DCT Industrial Trust (DCT), RioCan Real Estate Investment Trust (RIOCF), Kimco Realty (KIM), American Homes 4 Rent (AMH), Hammerson (HMSNF), Starwood Property Trust (STWD), Omega Healthcare Investors (OHI), Howard Hughes (HHC), CubeSmart (CUBE), CyrusOne (CONE), STORE Capital (STOR) and American Campus Communities (ACC).
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. Craig J. Aniszewski, Exec. VP & COO (Age 55)
- Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
- Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 47)
- Mr. Gregory A. Dowell, Former Exec. VP, CFO & Treasurer (Age 54)
Has Summit Hotel Properties been receiving favorable news coverage?
News stories about INN stock have trended somewhat negative this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit Hotel Properties earned a news sentiment score of -0.08 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 44.43 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Summit Hotel Properties' major shareholders?
Summit Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.40%), Nuveen Asset Management LLC (6.66%), LSV Asset Management (3.27%), Westwood Holdings Group Inc. (2.08%), Northern Trust Corp (1.83%) and Victory Capital Management Inc. (1.76%). 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 Principal Financial Group Inc., Millennium Management LLC, Prudential Financial Inc., PNC Financial Services Group Inc., Allianz Asset Management GmbH, BlackRock Inc., Wells Fargo & Company MN and American Century Companies Inc.. View Insider Buying and Selling for Summit Hotel Properties.
Which major investors are buying Summit Hotel Properties stock?
INN stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Victory Capital Management Inc., Duff & Phelps Investment Management Co., Westwood Holdings Group Inc., Piermont Capital Management Inc., Robeco Institutional Asset Management B.V., JPMorgan Chase & Co. and Teachers Insurance & Annuity Association of America. 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 $14.75.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.54 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.
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 (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.
Summit Hotel Properties (NYSE:INN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Summit Hotel Properties in the last 12 months. Their average twelve-month price target is $16.4375, suggesting that the stock has a possible upside of 11.44%. The high price target for INN is $18.00 and the low price target for INN is $14.00. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.80 | 2.80 | 2.60 | 2.60 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $16.4375 | $16.4375 | $17.1875 | $17.1875 |
| Price Target Upside: | 11.44% upside | 20.51% upside | 13.08% upside | 13.08% upside |
Summit Hotel Properties (NYSE:INN) Consensus Price Target History
Summit Hotel Properties (NYSE:INN) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Summit Hotel Properties (NYSE:INN) Dividend Information
Summit Hotel Properties pays an annual dividend of $0.72 per share, with a dividend yield of 4.88%. INN's next quarterly dividend payment will be made on Thursday, May 31. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 13.50% each year. Summit Hotel Properties pays out 53.73% of its earnings out as a dividend.
| Next Dividend: | 5/31/2018 |
| Annual Dividend: | $0.72 |
| Dividend Yield: | 4.88% |
| Dividend Growth: | 13.50% (3 Year Average) |
| Payout Ratio(s): | 53.73% (Trailing 12 Months of Earnings)
53.73% (Based on This Year's Estimates)
52.94% (Based on Next Year's Estimates)
40.12% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Summit Hotel Properties (NYSE:INN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/1/2018 | quarterly | $0.18 | 4.95% | 5/15/2018 | 5/16/2018 | 5/31/2018 |
| 2/6/2018 | quarterly | $0.18 | 4.92% | 2/15/2018 | 2/16/2018 | 2/28/2018 |
| 10/30/2017 | Quarterly | $0.17 | 4.3% | 11/15/2017 | 11/16/2017 | 11/30/2017 |
| 7/31/2017 | quarterly | $0.17 | 3.79% | 8/14/2017 | 8/16/2017 | 8/31/2017 |
| 5/1/2017 | quarterly | $0.17 | 4.04% | 5/12/2017 | 5/16/2017 | 5/31/2017 |
| 1/25/2017 | quarterly | $0.1625 | 4.03% | 2/10/2017 | 2/14/2017 | 2/28/2017 |
| 11/1/2016 | quarterly | $0.1625 | 5.06% | 11/14/2016 | 11/16/2016 | 11/30/2016 |
| 8/1/2016 | quarterly | $0.1325 | 3.76% | 8/12/2016 | 8/16/2016 | 8/31/2016 |
| 5/2/2016 | quarterly | $0.1325 | 4.58% | 5/12/2016 | 5/16/2016 | 5/31/2016 |
| 2/1/2016 | quarterly | $0.1175 | 4.75% | 2/11/2016 | 2/16/2016 | 2/29/2016 |
| 11/2/2015 | quarterly | $0.1175 | 3.54% | 11/12/2015 | 11/16/2015 | 11/30/2015 |
| 7/31/2015 | quarterly | $0.1175 | 3.45% | 8/12/2015 | 8/14/2015 | 8/31/2015 |
| 5/4/2015 | quarterly | $0.1175 | 3.57% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 2/2/2015 | quarterly | $0.1175 | 3.73% | 2/11/2015 | 2/16/2015 | 2/27/2015 |
| 10/31/2014 | quarterly | $0.1175 | 4% | 11/12/2014 | 11/14/2014 | 11/28/2014 |
| 8/1/2014 | quarterly | $0.1175 | 4.46% | 8/13/2014 | 8/15/2014 | 8/29/2014 |
| 5/6/2014 | quarterly | $0.1125 | 4.93% | 5/14/2014 | 5/16/2014 | 5/30/2014 |
| 1/30/2014 | quarterly | $0.1125 | 5.05% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 11/1/2013 | quarterly | $0.1125 | 5.01% | 11/13/2013 | 11/15/2013 | 11/29/2013 |
| 8/1/2013 | quarterly | $0.1125 | 4.54% | 8/14/2013 | 8/16/2013 | 8/31/2013 |
| 5/1/2013 | quarterly | $0.1125 | 4.51% | 5/14/2013 | 5/16/2013 | 5/31/2013 |
| 1/31/2013 | quarterly | $0.1125 | 4.78% | 2/11/2013 | 2/13/2013 | 2/28/2013 |
(Data available from 1/1/2013 forward)
Summit Hotel Properties (NYSE INN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.12%
Institutional Ownership Percentage: 98.80%
Summit Hotel Properties (NYSE INN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/10/2017 | Craig J Aniszewski | COO | Buy | 750 | $15.52 | $11,640.00 | 321,075 |  |
| 8/9/2017 | Daniel P Hansen | Chairman | Buy | 10,000 | $15.60 | $156,000.00 | 800,256 | |
| 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 | 73,023 | |
| 11/14/2013 | Daniel Hansen | CEO | Buy | 10,000 | $8.83 | $88,300.00 | 237,359 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Summit Hotel Properties (NYSE INN) News Headlines
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Summit Hotel Properties (NYSE:INN) SEC Filings
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Summit Hotel Properties (NYSE:INN) Income Statement, Balance Sheet and Cash Flow Statement
Summit Hotel Properties (NYSE INN) Stock Chart for Sunday, May, 20, 2018
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