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

$11.54
-0.13 (-1.11 %)
(As of 01/27/2020 04:00 PM ET)
Today's Range
$11.47
Now: $11.54
$11.60
50-Day Range
$11.54
MA: $12.07
$12.34
52-Week Range
$10.67
Now: $11.54
$12.63
Volume731,300 shs
Average Volume868,453 shs
Market Capitalization$1.21 billion
P/E Ratio18.92
Dividend Yield6.17%
Beta1.19
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 April 18, 2019, the Company's portfolio consisted of 69 hotels with a total of 10,714 guestrooms located in 24 states.

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$1.83 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

Employees57
Market Cap$1.21 billion
Next Earnings Date2/25/2020 (Confirmed)
OptionableOptionable

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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 Friday, November 1st. Shareholders 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 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, November 14th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) announced its earnings results on Tuesday, November, 5th. The real estate investment trust reported $0.07 EPS 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 analyst estimates of $133.52 million. Summit Hotel Properties had a net margin of 14.44% and a return on equity of 6.64%. The firm's revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. 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 Tuesday, February 25th 2020. 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 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.

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, November, 5th. The company provided earnings per share guidance of $1.23-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.26.

What price target have analysts set for INN?

3 analysts have issued 1-year price objectives for Summit Hotel Properties' stock. 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 year. This suggests a possible upside of 17.0% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

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

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.

Has Summit Hotel Properties been receiving favorable news coverage?

Press coverage about INN stock has been trending somewhat negative on Monday, InfoTrie reports. The research firm ranks the sentiment of press 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 five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a news impact score of -1.4 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Summit Hotel Properties.

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), 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).

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 & Treasurer (Age 38)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 56)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 48)

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Duff & Phelps Investment Management Co. (0.24%), California Public Employees Retirement System (0.24%), New York State Teachers Retirement System (0.15%), State of Alaska Department of Revenue (0.10%), Nisa Investment Advisors LLC (0.09%) and Zurcher Kantonalbank Zurich Cantonalbank (0.09%). 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., Arizona State Retirement System, California Public Employees Retirement System, Jaguar Listed Property LLC, Louisiana State Employees Retirement System and CWM Advisors LLC. 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 Virginia Retirement Systems ET AL, Bowling Portfolio Management LLC, Campbell & CO Investment Adviser LLC, State of Alaska Department of Revenue, Trinity Legacy Partners LLC, Zurcher Kantonalbank Zurich Cantonalbank , Nisa Investment Advisors LLC and CWM LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Summit Hotel Properties' stock price today?

One share of INN stock can currently be purchased for approximately $11.54.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.21 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.

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:  2.7 out of 5 (star star)
Outperform Votes:  383 (Vote Outperform)
Underperform Votes:  314 (Vote Underperform)
Total Votes:  697
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 1/27/2020 by MarketBeat.com Staff

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