NYSE:INN Summit Hotel Properties (INN) Stock Price, News & Analysis → Warren Buffett, Jeff Bezos, Michael Bloomberg, & 48 Members of Congress Are Buying ONE Sector… (From InvestorPlace) (Ad) Free INN Stock Alerts $6.12 +0.10 (+1.66%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$6.02▼$6.1550-Day Range$6.00▼$6.6252-Week Range$5.31▼$7.26Volume1.76 million shsAverage Volume474,972 shsMarket Capitalization$662.12 millionP/E RatioN/ADividend Yield5.23%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Summit Hotel Properties alerts: Email Address Summit Hotel Properties MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy4.36% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.81Upright™ Environmental ScoreNews Sentiment0.95Based on 4 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.2.89 out of 5 starsFinance Sector531st out of 883 stocksReal Estate Investment Trusts Industry98th out of 177 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Summit Hotel Properties.Read more about Summit Hotel Properties' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.36% 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 6.7.Change versus previous monthShort interest in Summit Hotel Properties has recently decreased by 26.72%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipSummit Hotel Properties is a leading dividend payer. It pays a dividend yield of 5.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Hotel Properties has only been increasing its dividend for 2 years.Dividend SustainabilityBased on earnings estimates, Summit Hotel Properties will have a dividend payout ratio of 34.04% next year. This indicates that Summit Hotel Properties will be able to sustain or increase its dividend.Read more about Summit Hotel Properties' 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 2.8 News and Social Media Coverage News SentimentSummit Hotel Properties has a news sentiment score of 0.95. 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 higher news sentiment than the 0.75 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for INN on MarketBeat in the last 30 days. This is a decrease of -50% 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.Read more about Summit Hotel Properties' insider trading history. 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 -25.50, 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 -25.50, 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.Read more about Summit Hotel Properties' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Wealthpin ProThe Only Energy Play You Should Be Looking AtOpen AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has already inked deals with the Department of Energy.Click here to get all the information about it. 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 28, 2024 | msn.comPark City Lodging: Luxury, Comfort, Adventure – All Within ReachMay 27, 2024 | msn.comThe four dreamy Welsh villages named as among Britain's 'greatest'May 27, 2024 | finance.yahoo.comInnocan Pharma Reports First Quarter 2024 Results with Revenue Growth of over 4X to $6.8 MillionMay 21, 2024 | finance.yahoo.comFDA Has Granted Innocan Pharma a Meeting Date for LPT-CBD for Chronic PainMay 20, 2024 | prnewswire.comSHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Summit Hotel Properties, Inc. (NYSE: INN)May 9, 2024 | finance.yahoo.comInnocan Pharma Reports Breakthrough in a Pre-Clinical Trial: Liposomal-CBD Injection Restores Mobility to an Amputee Female DonkeyMay 3, 2024 | finance.yahoo.comSummit Hotel Properties Inc (INN) Q1 2024 Earnings Call Transcript Highlights: Robust Growth ...May 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 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 revampApril 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 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 HOLDSee 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 Last Earnings5/01/2024Ex-Dividend for 5/31 Dividend5/16/2024Dividend Payable5/31/2024Today6/01/2024Next 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)($0.24) Trailing P/E RatioN/A Forward P/E Ratio7.29 P/E GrowthN/ANet Income$-12,110,000.00 Net Margins-1.04% Pretax Margin-2.67% Return on Equity-0.56% Return on Assets-0.26% Debt Debt-to-Equity Ratio1.08 Current Ratio1.13 Quick Ratio1.13 Sales & Book Value Annual Sales$741.89 million Price / Sales0.89 Cash Flow$1.39 per share Price / Cash Flow4.40 Book Value$12.42 per share Price / Book0.49Miscellaneous Outstanding Shares108,192,000Free Float104,546,000Market Cap$662.14 million OptionableOptionable Beta1.94 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.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 CompetitorsSunstone Hotel InvestorsNYSE:SHOThe GEO GroupNYSE:GEODiamondRock HospitalityNYSE:DRHCoreCivicNYSE:CXWPebblebrook Hotel TrustNYSE:PEBView All CompetitorsInstitutional OwnershipComerica BankSold 4,544 shares on 5/17/2024Ownership: 0.042%California State Teachers Retirement SystemSold 5,933 shares on 5/16/2024Ownership: 0.099%Price T Rowe Associates Inc. MDBought 5,036 shares on 5/15/2024Ownership: 0.061%Mount Yale Investment Advisors LLCBought 10,312 shares on 5/15/2024Ownership: 0.019%CANADA LIFE ASSURANCE CoBought 3,540 shares on 5/14/2024Ownership: 0.219%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 twelve months. 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 at the start of the year. Since then, INN stock has decreased by 8.9% and is now trading at $6.12. View the best growth stocks for 2024 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,580,000 shares, a decline of 26.7% from the April 30th total of 6,250,000 shares. Based on an average trading volume of 688,500 shares, the short-interest ratio is currently 6.7 days. Approximately 4.4% of the company's shares 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) issued its quarterly earnings results on Wednesday, May, 1st. The real estate investment trust reported ($0.02) earnings per share 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 1.04% and a negative trailing twelve-month return on equity of 0.56%. 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 announced a quarterly dividend on Wednesday, May 1st. Investors of record on Friday, May 17th will be given a dividend of $0.08 per share on Friday, May 31st. This represents a $0.32 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from the stock's previous quarterly dividend of $0.06. Read our dividend analysis for INN. Is Summit Hotel Properties a good dividend stock? Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 5.23%. 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 updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.99%), Jennison Associates LLC (4.98%), Principal Financial Group Inc. (0.52%), CANADA LIFE ASSURANCE Co (0.22%), Allegheny Financial Group LTD (0.21%) and US Bancorp DE (0.14%). 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. 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