Summit Hotel Properties (NYSE:INN - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $172.09 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Summit Hotel Properties Price Performance
Summit Hotel Properties stock traded down $0.05 during trading hours on Thursday, hitting $6.52. The stock had a trading volume of 553,032 shares, compared to its average volume of 554,159. The stock has a market capitalization of $706.36 million, a price-to-earnings ratio of 651.50, a PEG ratio of 1.58 and a beta of 2.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78. Summit Hotel Properties has a 1-year low of $5.66 and a 1-year high of $7.22. The stock's fifty day moving average is $6.71 and its two-hundred day moving average is $6.61.
Summit Hotel Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 4.91%. Summit Hotel Properties's payout ratio is 3,200.00%.
Summit Hotel Properties Company Profile
(
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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.
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