Log in

NYSE:INNSummit Hotel Properties Stock Price, Forecast & News

$5.69
-0.12 (-2.07 %)
(As of 07/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$5.68
Now: $5.69
$6.16
50-Day Range
$4.67
MA: $6.28
$8.59
52-Week Range
$2.32
Now: $5.69
$12.59
Volume853,991 shs
Average Volume1.84 million shs
Market Capitalization$598.42 million
P/E Ratio15.38
Dividend YieldN/A
Beta2.09
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.
Read More
Summit Hotel Properties logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


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$549.35 million
Cash Flow$1.75 per share
Book Value$11.82 per share

Profitability

Net Income$82.61 million

Miscellaneous

Employees57
Market Cap$598.42 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

Receive INN News and Ratings via Email

Sign-up to receive the latest news and ratings for INN and its competitors with MarketBeat's FREE daily newsletter.

Summit Hotel Properties (NYSE:INN) Frequently Asked Questions

How has Summit Hotel Properties' stock been impacted by COVID-19 (Coronavirus)?

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, INN shares have decreased by 12.7% and is now trading at $5.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Summit Hotel Properties?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Summit Hotel Properties.

When is Summit Hotel Properties' next earnings date?

Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Summit Hotel Properties.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) issued its earnings results on Monday, May, 11th. The real estate investment trust reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.34. The real estate investment trust had revenue of $108.39 million for the quarter, compared to analysts' expectations of $110.52 million. Summit Hotel Properties had a return on equity of 4.51% and a net margin of 10.49%. View Summit Hotel Properties' earnings history.

How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties?

Summit Hotel Properties announced a quarterly dividend on Friday, January 31st. Shareholders of record on Friday, February 14th will be given a dividend of $0.18 per share on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 12.65%. The ex-dividend date of this dividend is Thursday, February 13th. View Summit Hotel Properties' dividend history.

What price target have analysts set for INN?

6 brokerages have issued 1-year price targets for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' share price to reach $9.58 in the next twelve months. This suggests a possible upside of 68.4% from the stock's current price. View analysts' price targets for Summit Hotel Properties.

Has Summit Hotel Properties been receiving favorable news coverage?

News stories about INN stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days. View the latest news about Summit Hotel Properties.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a drop in short interest in June. As of June 30th, there was short interest totaling 7,560,000 shares, a drop of 15.0% from the June 15th total of 8,890,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is currently 4.2 days. Approximately 7.3% of the shares of the company are short sold. View Summit Hotel Properties' Current Options Chain.

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 New Residential Investment (NRZ), Two Harbors Investment (TWO), Simon Property Group (SPG), Starwood Property Trust (STWD), AT&T (T), AbbVie (ABBV), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Ford Motor (F) and Kimco Realty (KIM).

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the following 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)

What is Summit Hotel Properties' stock symbol?

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

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 $5.69.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $598.42 million and generates $549.35 million in revenue each year. The real estate investment trust earns $82.61 million in net income (profit) each year or $1.25 on an earnings per share basis. Summit Hotel Properties employs 57 workers across the globe.

What is Summit Hotel Properties' official website?

The official website for Summit Hotel Properties is 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]

This page was last updated on 7/5/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.