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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

Summit Hotel Properties' stock was trading at $6.72 at the beginning of 2024. Since then, INN stock has decreased by 8.8% and is now trading at $6.13.
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Summit Hotel Properties saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 6,320,000 shares, a drop 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 presently 8.1 days. Currently, 6.1% of the shares of the stock are sold short.
View Summit Hotel Properties' Short Interest.

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

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.

Summit Hotel Properties, Inc. (NYSE:INN) posted its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) 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 prior year, the business earned ($0.07) earnings per share.

Summit Hotel Properties announced a quarterly dividend on Thursday, January 25th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.06 per share on Thursday, February 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for INN.

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.89%.
Read our dividend analysis for INN.

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).

Summit Hotel Properties issued an update on 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 earnings per share estimate of 0.880. The company issued revenue guidance of -.

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.

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).

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.
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