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, 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 annualized dividend and a yield of 7.30%. The ex-dividend date is Thursday, February 13th. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings data on Tuesday, February, 25th. The real estate investment trust reported $0.05 EPS for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.03. The real estate investment trust earned $133.78 million during the quarter, compared to analysts' expectations of $130.67 million. Summit Hotel Properties had a return on equity of 6.64% and a net margin of 14.44%. The company's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. View Summit Hotel Properties' Earnings History.

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties updated its FY20 earnings guidance on Tuesday, February, 25th. The company provided earnings per share guidance of $1.15-1.27 for the period, compared to the Thomson Reuters consensus estimate of $1.24.

3 analysts have issued 12-month price objectives for Summit Hotel Properties' stock. Their forecasts range from $13.00 to $14.00. On average, they expect Summit Hotel Properties' share price to reach $13.50 in the next year. This suggests a possible upside of 36.9% 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.

Media headlines about INN stock have been trending somewhat positive recently, InfoTrie reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. 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 news impact score of 2.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Summit Hotel Properties.

Summit Hotel Properties saw a decrease in short interest during the month of February. As of February 14th, there was short interest totalling 14,150,000 shares, a decrease of 10.2% from the January 30th total of 15,760,000 shares. Based on an average trading volume of 732,800 shares, the short-interest ratio is currently 19.3 days. Currently, 13.8% of the shares of the company are sold short. View Summit Hotel Properties' Current Options Chain.

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

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

Summit Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (5.31%), LSV Asset Management (3.25%), Goldman Sachs Group Inc. (2.79%), Westwood Holdings Group Inc. (2.52%), Victory Capital Management Inc. (2.21%) and Victory Capital Management Inc. (2.15%). 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 Duff & Phelps Investment Management Co., State Street Corp, Mackay Shields LLC, Renaissance Technologies LLC, Victory Capital Management Inc., Bank of America Corp DE, GW&K Investment Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling for Summit Hotel Properties.

INN stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, LSV Asset Management, Jennison Associates LLC, Great West Life Assurance Co. Can, Alberta Investment Management Corp, Driehaus Capital Management LLC and KBC Group NV. 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 $9.86.

Summit Hotel Properties has a market capitalization of $1.04 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]