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, November 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.18 per share on Friday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Thursday, November 14th. View Summit Hotel Properties' Dividend History.

Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings results on Tuesday, November, 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.24. The real estate investment trust had revenue of $133.69 million for the quarter, compared to analysts' expectations of $133.52 million. Summit Hotel Properties had a net margin of 14.44% and a return on equity of 6.64%. The company's revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. View Summit Hotel Properties' Earnings History.

Summit Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Summit Hotel Properties.

Summit Hotel Properties will be holding an earnings conference call on Tuesday, February 25th 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 Tuesday, November, 5th. The company provided EPS guidance of $1.23-1.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.26.

3 analysts have issued 12 month price targets 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 twelve months. This suggests a possible upside of 11.5% 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.

Press coverage about INN stock has been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of -1.7 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 news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Summit Hotel Properties.

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

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

Summit Hotel Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.10%), Nisa Investment Advisors LLC (0.09%), Bowling Portfolio Management LLC (0.07%), Louisiana State Employees Retirement System (0.03%) and Trinity Legacy Partners LLC (0.01%). 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 Louisiana State Employees Retirement System. View Insider Buying and Selling for Summit Hotel Properties.

INN stock was purchased by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, State of Alaska Department of Revenue, Trinity Legacy Partners LLC and Nisa Investment Advisors LLC. 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 $12.11.

Summit Hotel Properties has a market capitalization of $1.27 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]