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NYSE:INNSummit Hotel Properties Stock Price, Forecast & News

$6.31
-0.16 (-2.47 %)
(As of 05/28/2020 04:00 PM ET)
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Compare
Today's Range
$6.24
Now: $6.31
$6.59
50-Day Range
$3.55
MA: $5.11
$6.47
52-Week Range
$2.32
Now: $6.31
$12.59
Volume1.28 million shs
Average Volume1.41 million shs
Market Capitalization$663.65 million
P/E Ratio17.05
Dividend Yield11.13%
Beta2.11
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.
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Summit Hotel Properties logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 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$1.80 per share
Book Value$11.28 per share

Profitability

Net Income$82.61 million

Miscellaneous

Employees57
Market Cap$663.65 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, INN stock has decreased by 3.2% and is now trading at $6.31. View which stocks have been most impacted by Coronavirus.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 4 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) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.34. The real estate investment trust earned $108.39 million during the quarter, compared to analyst estimates 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 annualized dividend and a dividend yield of 11.41%. 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?

4 equities research analysts have issued 12 month target prices for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' stock price to reach $10.38 in the next twelve months. This suggests a possible upside of 64.4% from the stock's current price. View analysts' price targets for Summit Hotel Properties.

Has Summit Hotel Properties been receiving favorable news coverage?

Media stories about INN stock have trended very negative on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Hotel Properties earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news stories 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 stock's share price in the near term. View the latest news aboutSummit Hotel Properties.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,130,000 shares, an increase of 5.7% from the April 30th total of 8,640,000 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 8.9% of the company's shares are sold short. 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."

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.78%), State Street Corp (6.24%), Nuveen Asset Management LLC (2.84%), Victory Capital Management Inc. (2.16%), Victory Capital Management Inc. (2.16%) and Clearbridge Investments LLC (2.14%). 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 Nuveen Asset Management LLC, Systematic Financial Management LP, Bank of New York Mellon Corp, Mackenzie Financial Corp, BlackRock Inc., Clearbridge Investments LLC, GWM Advisors LLC, and Chicago Equity Partners LLC. View insider buying and selling activity 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 State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, Balyasny Asset Management LLC, Deprince Race & Zollo Inc., Wells Fargo & Company MN, Matarin Capital Management LLC, Parametric Portfolio Associates LLC, and JPMorgan Chase & Co.. View insider buying and selling activity 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 $6.31.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $663.65 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 5/28/2020 by MarketBeat.com Staff

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