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

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

Summit Hotel Properties declared a quarterly dividend on Monday, July 29th. Investors of record on Friday, August 16th will be given a dividend of $0.18 per share on Friday, August 30th. This represents a $0.72 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Thursday, August 15th. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties Inc (NYSE:INN) announced its quarterly earnings results on Wednesday, July, 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.09. The real estate investment trust earned $142.93 million during the quarter, compared to the consensus estimate of $141.05 million. Summit Hotel Properties had a return on equity of 8.82% and a net margin of 18.95%. The firm's revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. View Summit Hotel Properties' Earnings History.

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Summit Hotel Properties updated its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of $1.20-1.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.25.

5 Wall Street analysts have issued 12 month target prices for Summit Hotel Properties' shares. Their forecasts range from $13.00 to $14.00. On average, they anticipate Summit Hotel Properties' share price to reach $13.50 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Summit Hotel Properties.

Media headlines about INN stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Hotel Properties earned a daily sentiment score of -2.6 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Summit Hotel Properties.

Summit Hotel Properties saw a increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,650,000 shares, an increase of 8.4% from the August 15th total of 11,670,000 shares. Based on an average daily volume of 716,600 shares, the short-interest ratio is presently 17.7 days. Currently, 12.3% of the shares of the stock are short sold. View Summit Hotel Properties' Current Options Chain.

Some companies that are related to Summit Hotel Properties include Blackstone Mortgage Trust (BXMT), Eastgroup Properties (EGP), Highwoods Properties (HIW), Healthcare Realty Trust (HR), CoreSite Realty (COR), Sabra Health Care REIT (SBRA), Ryman Hospitality Properties (RHP), Hospitality Properties Trust (SVC), Outfront Media (OUT), Macerich (MAC), Stag Industrial (STAG), Equity Commonwealth (EQC), CHIMERA INVT CO/SH NEW (CIM), Weingarten Realty Investors (WRI) and Rayonier (RYN).

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

Summit Hotel Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%). 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 acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $11.93.

Summit Hotel Properties has a market capitalization of $1.25 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]