NYSE:INN Summit Hotel Properties (INN) Stock Price, News & Analysis → Have You Seen Elon’s New A.I. Device? (Picture Inside) (From InvestorPlace) (Ad) Free INN Stock Alerts $6.18 +0.10 (+1.65%) (As of 05/2/2024 ET) Add Compare Share Share Today's Range$6.05▼$6.4450-Day Range$6.01▼$6.6852-Week Range$5.31▼$7.26Volume775,703 shsAverage Volume750,729 shsMarket Capitalization$664.39 millionP/E RatioN/ADividend Yield3.89%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Summit Hotel Properties alerts: Email Address Summit Hotel Properties MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish5.94% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.81Upright™ Environmental ScoreNews Sentiment0.31Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth11.90%From $0.84 to $0.94 Per ShareSee Full Details Hide Full Details 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.1.74 out of 5 starsFinance Sector674th out of 857 stocksReal Estate Investment Trusts Industry137th out of 177 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Summit Hotel Properties. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.94% of the float of Summit Hotel Properties has been sold short.Short Interest Ratio / Days to CoverSummit Hotel Properties has a short interest ratio ("days to cover") of 8.3.Change versus previous monthShort interest in Summit Hotel Properties has recently decreased by 1.90%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipSummit Hotel Properties is a leading dividend payer. It pays a dividend yield of 3.99%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Hotel Properties has only been increasing its dividend for 1 years.Dividend SustainabilityBased 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. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit 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 SustainabilityThe Environmental Impact score for Summit Hotel Properties is -2.81. Previous Next 1.8 News and Social Media Coverage News SentimentSummit Hotel Properties has a news sentiment score of 0.31. 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 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for INN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.37% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions96.47% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Summit Hotel Properties is -22.87, 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. SectorThe P/E ratio of Summit Hotel Properties is -22.87, 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 RatioSummit Hotel Properties has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchUrgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.Find out for free here. 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.Read More INN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INN Stock News HeadlinesMay 2, 2024 | msn.comSummit Hotel raises quarterly dividend by 33.3% to $0.08/shareMay 1, 2024 | investorplace.comINN Stock Earnings: Summit Hotel Properties Beats EPS, Beats Revenue for Q1 2024May 3, 2024 | Stansberry Research (Ad)Urgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.May 1, 2024 | markets.businessinsider.comWhat Wall Street expects from Summit Hotel Properties's earningsMay 1, 2024 | prnewswire.comSUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2024 RESULTSApril 30, 2024 | yahoo.comNew plan pitched for 5-story hotel, Starbucks in Portsmouth at former Port Inn siteApril 28, 2024 | msn.comFour large hotels are planned on Siesta Key; what are they?April 28, 2024 | msn.comOrtigas' iconic hotels get revampMay 3, 2024 | Stansberry Research (Ad)Urgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.April 26, 2024 | finance.yahoo.comBuilt environment thought leaders discuss pathways to circular economy at Tarkett's third annual Circularity SummitApril 26, 2024 | msn.comRolling into Miami for the F1 Grand Prix? Where to eat, stay and partyApril 24, 2024 | wsj.comSummit Hotel Properties Inc.April 24, 2024 | americanbankingnews.comSummit Hotel Properties (INN) to Release Earnings on WednesdayApril 15, 2024 | msn.comWhat it costs to stay a night at California's hottest new hotelApril 14, 2024 | msn.comPRA, RLC collaborate to elevate PH retirement livingApril 12, 2024 | msn.comThis ski pass will get you unlimited skiing at top resorts through 2025April 12, 2024 | msn.com5 Hotels For The Sober CuriousApril 8, 2024 | prnewswire.comSHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Summit Hotel Properties, Inc. (NYSE: INN)April 6, 2024 | msn.comNeed lodging for eclipse day? Odds of finding hotel rooms in Greater Akron astronomicalApril 4, 2024 | msn.comJemal finalizes purchase of Roycroft Inn in East AuroraApril 4, 2024 | finance.yahoo.comINN: Rating decreased to a HOLDApril 3, 2024 | bizjournals.comDeveloper seeks rezoning for hotel at Huntersville office park near Birkdale VillageApril 3, 2024 | yahoo.comFormer Baymont hotel in north Champaign changes handsApril 1, 2024 | finance.yahoo.comInnocan Pharma Reports Full Year 2023 Results with Revenues up Nearly 6X to $13.7MMarch 29, 2024 | usatoday.comGulfstream 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 LeedsMarch 27, 2024 | finance.yahoo.comSUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATESee More Headlines Receive INN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 2/29 Dividend2/14/2024Dividend Payable2/29/2024Last Earnings5/01/2024Today5/02/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustrySpecialized REITs Current SymbolNYSE:INN CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone(512) 538-2300Fax512-538-2333Employees78Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)($0.27) Trailing P/E RatioN/A Forward P/E Ratio7.35 P/E GrowthN/ANet Income$-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 Ratio1.06 Current Ratio0.80 Quick Ratio0.80 Sales & Book Value Annual Sales$736.13 million Price / Sales0.90 Cash Flow$1.41 per share Price / Cash Flow4.39 Book Value$12.52 per share Price / Book0.49Miscellaneous Outstanding Shares107,590,000Free Float103,967,000Market Cap$664.37 million OptionableOptionable Beta1.94 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Jonathan P. Stanner (Age 43)President, CEO & Director Comp: $1.75MMr. William H. Conkling (Age 48)Executive VP & CFO Comp: $945.91kMr. Paul Ruiz CPA (Age 57)Senior VP & Chief Accounting Officer Comp: $591.8kMr. Christopher Russell Eng (Age 53)Chief Risk Officer, Executive VP, General Counsel & Secretary Comp: $807kMr. Adam WudelSenior VP of Finance & Capital MarketsKey CompetitorsDiversified Healthcare TrustNASDAQ:DHCUniversal Health Realty Income TrustNYSE:UHTChatham Lodging TrustNYSE:CLDTService Properties TrustNASDAQ:SVCLTC PropertiesNYSE:LTCView All CompetitorsInstitutional OwnershipJennison Associates LLCBought 379,223 shares on 5/2/2024Ownership: 4.979%Daiwa Securities Group Inc.Bought 2,874 shares on 5/2/2024Ownership: 0.033%Fidelis Capital Partners LLCBought 4,570 shares on 5/2/2024Ownership: 0.004%BNP Paribas Financial MarketsSold 7,239 shares on 5/1/2024Ownership: 0.049%Principal Financial Group Inc.Sold 2,069 shares on 4/29/2024Ownership: 0.519%View All Institutional Transactions INN Stock Analysis - Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 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. How have INN shares performed in 2024? Summit Hotel Properties' stock was trading at $6.72 on January 1st, 2024. Since then, INN stock has decreased by 8.1% and is now trading at $6.1750. View the best growth stocks for 2024 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a decrease in short interest in 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 trading volume of 780,700 shares, the days-to-cover ratio is currently 8.1 days. Approximately 6.1% of the company's stock are short sold. 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, August 7th 2024. View our INN earnings forecast. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) announced its earnings results on Wednesday, May, 1st. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.18 by $0.20. The real estate investment trust earned $188.14 million during the quarter, compared to analyst estimates of $181.40 million. Summit Hotel Properties had a negative net margin of 1.56% and a negative trailing twelve-month return on equity of 0.83%. During the same quarter in the previous year, the company earned $0.22 EPS. 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 Thursday, January 25th. Shareholders 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 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend 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 3.99%. INN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 0.900-1.000 for the period, compared to the consensus estimate of 0.870. 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). Who are Summit Hotel Properties' major shareholders? Summit Hotel Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (4.98%), Principal Financial Group Inc. (0.52%), New York State Teachers Retirement System (0.13%), BNP Paribas Financial Markets (0.05%), Yousif Capital Management LLC (0.05%) and Daiwa Securities Group Inc. (0.03%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel. View institutional ownership trends. 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 5/3/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldThe AI stock to buy right nowStockEarningsCould Your Accounts Be Frozen?Allegiance GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithUrgent Nvidia WarningAltimetry$5,000 Gold?Stansberry ResearchBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressYour bank is lying to you.MyBankTracker Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Summit Hotel Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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