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 Ratio0.68%
Current Ratio1.29%
Quick Ratio1.29%
Price-To-Earnings
Trailing P/E Ratio10.92
Forward P/E Ratio10.76
P/E Growth2.8
Sales & Book Value
Annual Sales$515.38 million
Price / Sales2.96
Cash Flow$1.7951 per share
Price / Cash8.15
Book Value$12.25 per share
Price / Book1.19
Profitability
EPS (Most Recent Fiscal Year)$1.34
Net Income$99.21 million
Net Margins19.25%
Return on Equity8.41%
Return on Assets4.93%
Miscellaneous
Employees49
Outstanding Shares104,330,000
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, February 6th. Stockholders of record on Friday, February 16th will be given a dividend of $0.18 per share on Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Summit Hotel Properties's previous quarterly dividend of $0.17. View Summit Hotel Properties' Dividend History.
How were Summit Hotel Properties' earnings last quarter?
Summit Hotel Properties Llc (NYSE:INN) announced its earnings results on Wednesday, February, 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.25. The real estate investment trust earned $131.75 million during the quarter, compared to analyst estimates of $126.28 million. Summit Hotel Properties had a net margin of 19.25% and a return on equity of 8.41%. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. 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 updated its FY18 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of $1.33-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.46. Summit Hotel Properties also updated its Q1 guidance to $0.28-0.31 EPS.
What price target have analysts set for INN?
10 equities research analysts have issued 1-year price objectives for Summit Hotel Properties' stock. Their forecasts range from $14.00 to $18.00. On average, they expect Summit Hotel Properties' stock price to reach $16.4375 in the next year. 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. " (4/12/2018)
- 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 MFA Financial (MFA), EastGroup Properties (EGP), Uniti Group (UNIT), Americold Realty Trust (COLD), Brandywine Realty Trust (BDN), Two Harbors Investment (TWO), National Health Investors (NHI), Corporate Office Properties Trust (OFC), Empire State Realty (ESRT), Geo Group (GEO), Physicians Realty Trust (DOC), Great Portland Est (GPEAF), Outfront Media (OUT), DDR (DDR), Columbia Property Trust (CXP), Pebblebrook Hotel (PEB), Education Realty Trust (EDR) and Retail Properties of America (RPAI).
Who are Summit Hotel Properties' key executives?
Summit Hotel Properties' management team includes the folowing people:
- Mr. Daniel P. Hansen, Chairman, CEO & Pres (Age 49)
- Mr. Gregory A. Dowell, Exec. VP, CFO & Treasurer (Age 54)
- Mr. Craig J. Aniszewski, Chief Operating Officer and Exec. VP (Age 55)
- Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
- Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 47)
Has Summit Hotel Properties been receiving favorable news coverage?
News articles about INN stock have trended somewhat negative this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Summit Hotel Properties earned a daily sentiment score of -0.06 on Accern's scale. They also assigned headlines about the real estate investment trust an impact score of 45.64 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $14.63.
How big of a company is Summit Hotel Properties?
Summit Hotel Properties has a market capitalization of $1.53 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 12.35%. 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 | 2.60 | 2.60 | 2.56 |
| Ratings Breakdown: | 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) | 1 Sell Rating(s)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $16.4375 | $16.4375 | $17.1875 | $17.4286 |
| Price Target Upside: | 12.35% upside | 21.85% upside | 13.08% upside | 12.73% upside |
Summit Hotel Properties (NYSE:INN) Consensus Price Target History
Summit Hotel Properties (NYSE:INN) Analyst Ratings History
Show:
(Data available from 4/23/2016 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 4.92%. INN's most recent quarterly dividend payment was Wednesday, February 28. 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.
| Most Recent Dividend: | 2/28/2018 |
| Annual Dividend: | $0.72 |
| Dividend Yield: | 4.92% |
| Dividend Growth: | 13.50% (3 Year Average) |
| Payout Ratio: | 53.73% (Trailing 12 Months of Earnings)
52.94% (Based on This Year's Estimates)
51.43% (Based on Next Year's Estimates)
|
| 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 |
|---|
| 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: 98.75%
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 Monday, April, 23, 2018
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