Summit Hotel Properties (INN) Scheduled to Post Earnings on Wednesday

Summit Hotel Properties (NYSE:INN) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Summit Hotel Properties to post earnings of $0.18 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Summit Hotel Properties Trading Up 1.7 %

NYSE:INN opened at $6.37 on Wednesday. The stock has a market capitalization of $684.83 million, a price-to-earnings ratio of -23.57 and a beta of 1.94. Summit Hotel Properties has a 1 year low of $5.31 and a 1 year high of $7.26. The stock has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $6.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 0.80.

Summit Hotel Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.77%. Summit Hotel Properties’s dividend payout ratio is presently -88.89%.

Analyst Ratings Changes

Separately, Wolfe Research began coverage on shares of Summit Hotel Properties in a report on Wednesday, January 10th. They set a “peer perform” rating on the stock.

About Summit Hotel Properties

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.