Should I buy or sell Summit Hotel Properties stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INN, but not buy additional shares or sell existing shares. View INN analyst ratings or view top-rated stocks .

How have INN shares performed in 2024?

Summit Hotel Properties' stock was trading at $6.72 on January 1st, 2024. Since then, INN shares have decreased by 4.5% and is now trading at $6.42. View the best growth stocks for 2024 here .

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 6,320,000 shares, a decrease of 6.2% from the March 15th total of 6,740,000 shares. Based on an average daily volume of 780,700 shares, the days-to-cover ratio is currently 8.1 days. Approximately 6.1% of the company's stock are sold short. View Summit Hotel Properties' Short Interest .

When is Summit Hotel Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our INN earnings forecast .

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

Summit Hotel Properties will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) released its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 0.83% and a negative net margin of 1.56%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share.

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 Thursday, January 25th. Investors of record on Thursday, February 15th will be paid a dividend of $0.06 per share on Thursday, February 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, February 14th. Read our dividend analysis for INN .

Is Summit Hotel Properties a good dividend stock?

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.69%. Read our dividend analysis for INN .

What ETFs hold Summit Hotel Properties' stock?

ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Invesco Real Assets ESG ETF (IVRA) , Nuveen Short-Term REIT ETF (NURE) and Kelly Hotel & Lodging Sector ETF (HOTL) . Intelligent Real Estate ETF (PRVT) .

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

Summit Hotel Properties updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of -.

What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?

4 employees have rated Summit Hotel Properties Chief Executive Officer Daniel P. Hansen on Glassdoor.com . Daniel P. Hansen has an approval rating of 67% among the company's employees.

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 Pfizer (PFE) , Southwest Airlines (LUV) , Delta Air Lines (DAL) , Ford Motor (F) , Ladder Capital (LADR) , AT&T (T) , Two Harbors Investment (TWO) , Alibaba Group (BABA) , Boeing (BA) and Walt Disney (DIS) .

How do I buy shares of Summit Hotel Properties?

Shares of INN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:INN

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

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Free INN Stock Alerts

$6.42

-0.08 (-1.23%)

(As of 04/15/2024 ET)

Compare

Today's Range: $6.38
▼
$6.54
50-Day Range: $6.20
▼
$6.68
52-Week Range: $5.31
▼
$7.26

Volume: 628,957 shs
Average Volume: 770,868 shs
Market Capitalization: $690.73 million

P/E Ratio: N/A
Dividend Yield: 3.74%
Price Target: N/A

Get Summit Hotel Properties alerts:

Summit Hotel Properties MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
6.05% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.81
Upright™ Environmental Score
News Sentiment: 0.10
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.90%
From $0.84 to $0.94 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.29 out of 5 stars

Finance Sector

633rd out of 873 stocks

Real Estate Investment Trusts Industry

120th out of 183 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Summit Hotel Properties.

3.0

Short Interest

Percentage of Shares Shorted
6.05% of the float of Summit Hotel Properties has been sold short.
Short Interest Ratio / Days to Cover
Summit Hotel Properties has a short interest ratio ("days to cover") of 8.1.
Change versus previous month
Short interest in Summit Hotel Properties has recently decreased by 6.23%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Summit Hotel Properties is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Summit Hotel Properties has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on earnings estimates, Summit Hotel Properties will have a dividend payout ratio of 25.53% next year. This indicates that Summit Hotel Properties will be able to sustain or increase its dividend.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Summit Hotel Properties has received a -2.67% net impact score from Upright. Summit Hotel Properties uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Real estate funds investing in hotels" product. See details.
Environmental Sustainability
The Environmental Impact score for Summit Hotel Properties is -2.81.

2.3

News and Social Media Coverage

News Sentiment
Summit Hotel Properties has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for INN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.37% of the stock of Summit Hotel Properties is held by insiders.
Percentage Held by Institutions
96.47% of the stock of Summit Hotel Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Summit Hotel Properties are expected to grow by 11.90% in the coming year, from $0.84 to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Summit Hotel Properties is -23.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Summit Hotel Properties is -23.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Summit Hotel Properties has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Summit Hotel Properties Stock (NYSE:INN)

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.

INN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

INN Stock News Headlines

April 15, 2024 | msn.com

What it costs to stay a night at California's hottest new hotel

April 14, 2024 | msn.com

PRA, RLC collaborate to elevate PH retirement living

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 12, 2024 | msn.com

This ski pass will get you unlimited skiing at top resorts through 2025

April 12, 2024 | msn.com

5 Hotels For The Sober Curious

April 8, 2024 | prnewswire.com

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Summit Hotel Properties, Inc. (NYSE: INN)

April 6, 2024 | msn.com

Need lodging for eclipse day? Odds of finding hotel rooms in Greater Akron astronomical

April 4, 2024 | msn.com

Jemal finalizes purchase of Roycroft Inn in East Aurora

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 4, 2024 | finance.yahoo.com

INN: Rating decreased to a HOLD

April 3, 2024 | bizjournals.com

Developer seeks rezoning for hotel at Huntersville office park near Birkdale Village

April 3, 2024 | yahoo.com

Former Baymont hotel in north Champaign changes hands

April 1, 2024 | finance.yahoo.com

Innocan Pharma Reports Full Year 2023 Results with Revenues up Nearly 6X to $13.7M

March 29, 2024 | usatoday.com

Gulfstream Hotel finally changes hands. What's next for this historic Lake Worth Beach property?

March 28, 2024 | bizjournals.com

$21M investment will bring new hotel to Leeds

March 27, 2024 | finance.yahoo.com

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE

March 27, 2024 | finance.yahoo.com

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE

March 25, 2024 | finance.yahoo.com

Innocan Pharma paves its way to LPT-CBD Chemistry, Manufacturing and Controls (CMC), key milestones for FDA approval.

March 23, 2024 | money.usnews.com

Summit Hotel Properties Inc

March 16, 2024 | finance.yahoo.com

INN Apr 2024 5.000 put

March 14, 2024 | finance.yahoo.com

Innocan Pharma Announces Closing of Private Placement for Gross Proceeds of Approximately C$2 Million

March 13, 2024 | forbes.com

Turo’s CFO Explains How They Grew Revenues 88% In 2 Years

March 6, 2024 | finance.yahoo.com

Innocan Pharma's LPT-CBD Has the Potential to Support a new Therapeutic Venue for Neurological Disorders According to Recent Study

March 5, 2024 | seekingalpha.com

Summit Hotel Properties Offers 7.4% On Its Preferred Shares

March 1, 2024 | finance.yahoo.com

Q4 2023 Summit Hotel Properties Inc Earnings Call

March 1, 2024 | finance.yahoo.com

Summit Hotel Properties, Inc. (NYSE:INN) Q4 2023 Earnings Call Transcript

February 29, 2024 | benzinga.com

Summit Hotel Properties Stock (NYSE:INN), Insider Trading Activity

See More Headlines

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Company Calendar

Last Earnings: 5/03/2022
Ex-Dividend for 2/29 Dividend: 2/14/2024
Dividend Payable: 2/29/2024
Today: 4/15/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Current Symbol: NYSE:INN
CUSIP: 86608210
CIK: 1497645
Web: www.shpreit.com
Phone: (512) 538-2300
Fax: 512-538-2333
Employees: 78
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.27)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 7.64
P/E Growth: N/A
Net Income: $-12,110,000.00
Net Margins: -1.56%
Pretax Margin: -3.44%
Return on Equity: -0.83%
Return on Assets: -0.38%

Debt

Debt-to-Equity Ratio: 1.06
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $736.13 million
Price / Sales: 0.94
Cash Flow: $1.35 per share
Price / Cash Flow: 4.75
Book Value: $12.52 per share
Price / Book: 0.51

Miscellaneous

Outstanding Shares: 107,590,000
Free Float: 103,967,000
Market Cap: $690.73 million
Optionable: Optionable
Beta: 1.94

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Key Executives

Mr. Jonathan P. Stanner (Age 42)
President, CEO & Director
Comp: $1.97M
Mr. William H. Conkling (Age 48)
Executive VP & CFO
Comp: $1.05M
Mr. Paul Ruiz CPA (Age 57)
Senior VP & Chief Accounting Officer
Comp: $579.2k
Mr. Christopher Russell Eng (Age 53)
Chief Risk Officer, Executive VP, General Counsel & Secretary
Comp: $837.2k
Mr. Adam Wudel
Senior VP of Finance & Capital Markets

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

INN Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Hotel Properties stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INN, but not buy additional shares or sell existing shares.
View INN analyst ratings or view top-rated stocks.
How have INN shares performed in 2024?: Summit Hotel Properties' stock was trading at $6.72 on January 1st, 2024. Since then, INN shares have decreased by 4.5% and is now trading at $6.42.
View the best growth stocks for 2024 here.
Are investors shorting Summit Hotel Properties?: Summit Hotel Properties saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 6,320,000 shares, a decrease of 6.2% from the March 15th total of 6,740,000 shares. Based on an average daily volume of 780,700 shares, the days-to-cover ratio is currently 8.1 days. Approximately 6.1% of the company's stock are sold short.
View Summit Hotel Properties' Short Interest.
When is Summit Hotel Properties' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our INN earnings forecast.
How can I listen to Summit Hotel Properties' earnings call?: Summit Hotel Properties will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Summit Hotel Properties' earnings last quarter?: Summit Hotel Properties, Inc. (NYSE:INN) released its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 0.83% and a negative net margin of 1.56%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share.
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 Thursday, January 25th. Investors of record on Thursday, February 15th will be paid a dividend of $0.06 per share on Thursday, February 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for INN.

Is Summit Hotel Properties a good dividend stock?: Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.69%.
Read our dividend analysis for INN.
What ETFs hold Summit Hotel Properties' stock?: ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Invesco Real Assets ESG ETF (IVRA), Nuveen Short-Term REIT ETF (NURE) and Kelly Hotel & Lodging Sector ETF (HOTL).Intelligent Real Estate ETF (PRVT).
What guidance has Summit Hotel Properties issued on next quarter's earnings?: Summit Hotel Properties updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of -.
What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?: 4 employees have rated Summit Hotel Properties Chief Executive Officer Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among the company's employees.
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 Pfizer (PFE), Southwest Airlines (LUV), Delta Air Lines (DAL), Ford Motor (F), Ladder Capital (LADR), AT&T (T), Two Harbors Investment (TWO), Alibaba Group (BABA), Boeing (BA) and Walt Disney (DIS).
How do I buy shares of Summit Hotel Properties?: Shares of INN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:INN) was last updated on 4/16/2024 by MarketBeat.com Staff

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