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

$11.75
-0.06 (-0.51 %)
(As of 10/17/2019 04:00 PM ET)
Today's Range
$11.72
Now: $11.75
$11.92
50-Day Range
$10.96
MA: $11.57
$12.05
52-Week Range
$9.29
Now: $11.75
$12.63
Volume689,100 shs
Average Volume675,855 shs
Market Capitalization$1.24 billion
P/E Ratio8.70
Dividend Yield6.10%
Beta1.2
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.

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$567.27 million
Cash Flow$1.83 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

Employees57
Market Cap$1.24 billion
Next Earnings Date11/5/2019 (Confirmed)
OptionableOptionable

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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 announced a quarterly dividend on Monday, July 29th. Shareholders 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 6.13%. The ex-dividend date of this dividend is Thursday, August 15th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) posted its earnings results on Wednesday, July, 31st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.09. The real estate investment trust earned $142.93 million during the quarter, compared to analysts' expectations of $141.05 million. Summit Hotel Properties had a net margin of 18.95% and a return on equity of 8.82%. The company's revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.40 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 Tuesday, November 5th 2019. View Earnings Estimates for Summit Hotel Properties.

How can I listen to Summit Hotel Properties' earnings call?

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.

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

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

What price target have analysts set for INN?

5 analysts have issued 12-month price targets for Summit Hotel Properties' stock. Their predictions range from $13.00 to $14.00. On average, they anticipate Summit Hotel Properties' stock price to reach $13.50 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

What is the consensus analysts' recommendation 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.

Has Summit Hotel Properties been receiving favorable news coverage?

Media stories about INN stock have been trending somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Hotel Properties earned a coverage optimism score of -1.9 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news 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.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest during 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 trading volume, of 716,600 shares, the short-interest ratio is presently 17.7 days. Currently, 12.3% of the shares of the company are short sold. 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), AT&T (T), AbbVie (ABBV), Energy Transfer LP Unit (ET), Ford Motor (F), Kimco Realty (KIM), Tanger Factory Outlet Centers (SKT), Enterprise Products Partners (EPD), Altria Group (MO) and Simon Property Group (SPG).

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the folowing 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)

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 Duff & Phelps Investment Management Co. (0.99%), Envestnet Asset Management Inc. (0.20%), Nisa Investment Advisors LLC (0.09%), State of Alaska Department of Revenue (0.08%), Jaguar Listed Property LLC (0.06%) and Meeder Asset Management Inc. (0.02%). 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 major investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including Duff & Phelps Investment Management Co. and Jaguar Listed Property LLC. View Insider Buying and Selling for Summit Hotel Properties.

Which major investors are buying Summit Hotel Properties stock?

INN stock was acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Meeder Asset Management Inc., State of Alaska Department of Revenue and Envestnet Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Summit Hotel Properties' stock price today?

One share of INN stock can currently be purchased for approximately $11.75.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $1.24 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.

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:  377 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  681
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 10/17/2019 by MarketBeat.com Staff

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