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NYSE:INN - Summit Hotel Properties Stock Price, Forecast & News

$9.27
-0.59 (-5.98 %)
(As of 02/28/2020 04:12 AM ET)
Today's Range
$9.27
Now: $9.27
$9.74
50-Day Range
$9.27
MA: $11.53
$12.16
52-Week Range
$9.27
Now: $9.27
$12.63
Volume2.11 million shs
Average Volume796,438 shs
Market Capitalization$974.88 million
P/E Ratio14.48
Dividend Yield7.30%
Beta1.25
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$549.35 million
Cash Flow$1.70 per share
Book Value$11.38 per share

Profitability

Net Income$90.92 million

Miscellaneous

Employees57
Market Cap$974.88 million
Next Earnings Date5/6/2020 (Estimated)
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 declared a quarterly dividend on Friday, January 31st. Investors of record on Friday, February 14th will be paid a dividend of $0.18 per share on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date is Thursday, February 13th. View Summit Hotel Properties' Dividend History.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings results on Tuesday, February, 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The real estate investment trust had revenue of $133.78 million for the quarter, compared to the consensus estimate of $130.67 million. Summit Hotel Properties had a return on equity of 6.94% and a net margin of 15.04%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 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 Wednesday, May 6th 2020. View Earnings Estimates for Summit Hotel Properties.

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

Summit Hotel Properties issued an update on its FY20 earnings guidance on Tuesday, February, 25th. The company provided earnings per share (EPS) guidance of $1.15-1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24.

What price target have analysts set for INN?

3 equities research analysts have issued 1-year price targets for Summit Hotel Properties' stock. Their forecasts 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 45.6% from the stock's current price. View Analyst Price Targets for Summit Hotel Properties.

What is the consensus analysts' recommendation 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.

Has Summit Hotel Properties been receiving favorable news coverage?

News coverage about INN stock has been trending positive on Friday, according to InfoTrie Sentiment Analysis. The research firm 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 negative five to positive five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a coverage optimism score of 3.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Summit Hotel Properties.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a decline in short interest during the month of February. As of February 14th, there was short interest totalling 14,150,000 shares, a decline of 10.2% from the January 30th total of 15,760,000 shares. Based on an average trading volume of 732,800 shares, the days-to-cover ratio is presently 19.3 days. Approximately 13.8% of the company's shares 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 Energy Transfer LP Unit (ET), Ford Motor (F), New Residential Investment (NRZ), AbbVie (ABBV), Kimco Realty (KIM), Tanger Factory Outlet Centers (SKT), Simon Property Group (SPG), Apple Hospitality REIT (APLE), Enterprise Products Partners (EPD) and AT&T (T).

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 retail and institutional investors. Top institutional investors include State Street Corp (5.31%), LSV Asset Management (3.25%), Goldman Sachs Group Inc. (2.79%), Westwood Holdings Group Inc. (2.52%), Victory Capital Management Inc. (2.21%) and Victory Capital Management Inc. (2.15%). 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., State Street Corp, Mackay Shields LLC, Renaissance Technologies LLC, Victory Capital Management Inc., Bank of America Corp DE, GW&K Investment Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling for Summit Hotel Properties.

Which major investors are buying Summit Hotel Properties stock?

INN stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, LSV Asset Management, Jennison Associates LLC, Great West Life Assurance Co. Can, Alberta Investment Management Corp, Driehaus Capital Management LLC and KBC Group NV. 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 $9.27.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $974.88 million and generates $549.35 million in revenue each year. The real estate investment trust earns $90.92 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.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:  2.7 out of 5 (star star)
Outperform Votes:  384 (Vote Outperform)
Underperform Votes:  318 (Vote Underperform)
Total Votes:  702
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 2/28/2020 by MarketBeat.com Staff

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