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

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$11.20 -0.08 (-0.71 %)
(As of 11/14/2018 04:00 PM ET)
Previous Close$11.28
Today's Range$11.03 - $11.44
52-Week Range$10.91 - $16.15
Volume55,944 shs
Average Volume763,755 shs
Market Capitalization$1.21 billion
P/E Ratio8.39
Dividend Yield6.25%
Beta1.35
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 August 1, 2018, the Company's portfolio consisted of 77 hotels with a total of 11,657 guestrooms located in 26 states.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:INN
Previous Symbol
CUSIP86608210
Phone512-538-2300

Debt

Debt-to-Equity Ratio0.80
Current Ratio1.52
Quick Ratio1.52

Price-To-Earnings

Trailing P/E Ratio8.39
Forward P/E Ratio8.75
P/E Growth5.26

Sales & Book Value

Annual Sales$515.38 million
Price / Sales2.28
Cash Flow$1.7445 per share
Price / Cash6.42
Book Value$11.62 per share
Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins16.76%
Return on Equity7.79%
Return on Assets4.26%

Miscellaneous

Employees49
Outstanding Shares104,760,000
Market Cap$1.21 billion
OptionableOptionable

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 Monday, October 29th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.18 per share on Friday, November 30th. This represents a $0.72 annualized dividend and a dividend yield of 6.43%. The ex-dividend date is Thursday, November 15th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) posted its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.35 by $0.02. The real estate investment trust had revenue of $142.34 million for the quarter, compared to analyst estimates of $141.18 million. Summit Hotel Properties had a return on equity of 7.79% and a net margin of 16.76%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. 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 Wednesday, February 20th 2019. View Earnings Estimates for Summit Hotel Properties.

What guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties issued an update on its fourth quarter earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $0.26-0.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28.

What price target have analysts set for INN?

7 brokers have issued 12 month price targets for Summit Hotel Properties' shares. Their predictions range from $14.00 to $17.00. On average, they anticipate Summit Hotel Properties' share price to reach $15.40 in the next year. This suggests a possible upside of 37.5% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 2 hold ratings and 5 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?

News coverage about INN stock has been trending positive recently, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Hotel Properties earned a news impact score of 2.5 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near future.

Who are some of Summit Hotel Properties' key competitors?

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. Jonathan P. Stanner, Exec. VP, CFO & Chief Investment Officer (Age 36)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 55)
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.88%), LSV Asset Management (2.97%), Jennison Associates LLC (2.51%), Victory Capital Management Inc. (2.31%), Duff & Phelps Investment Management Co. (1.82%) and GW&K Investment Management LLC (1.71%). 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 institutional investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Monarch Partners Asset Management LLC, Robeco Institutional Asset Management B.V., ClariVest Asset Management LLC, Schroder Investment Management Group, Credit Suisse AG and Russell Investments Group Ltd.. View Insider Buying and Selling for Summit Hotel Properties.

Which institutional investors are buying Summit Hotel Properties stock?

INN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Robeco Institutional Asset Management B.V., GW&K Investment Management LLC, Wasatch Advisors Inc., Victory Capital Management Inc., Duff & Phelps Investment Management Co., American Century Companies Inc. and Virginia Retirement Systems ET AL. 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 $11.20.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.21 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.

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:  2.8 out of 5 (star star)
Outperform Votes:  343 (Vote Outperform)
Underperform Votes:  264 (Vote Underperform)
Total Votes:  607
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 11/14/2018 by MarketBeat.com Staff

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