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

Company Overview

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.

Key Stats

• Today's Range: $6.04 to $6.12
• 50-Day Range: $6.06 to $7.14
• 52-Week Range: $5.66 to $7.22
• Volume: 439,787 shs
• Average Volume: 745,983 shs
• Market Capitalization: $659.18 million
• P/E Ratio: 608.00
• Dividend Yield: 5.26%
• Price Target: N/A
• Consensus Rating: Hold

Summit Hotel Properties Stock Analysis - MarketRank™

Summit Hotel Properties scored higher than 62% of companies evaluated by MarketBeat, and ranked 495th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Summit Hotel Properties.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.05%

Earnings Growth

Earnings for Summit Hotel Properties are expected to grow by 8.05% in the coming year, from $0.87 to $0.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Summit Hotel Properties is 608.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Summit Hotel Properties is 608.00, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Summit 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.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.53% of the float of Summit Hotel Properties has been sold short.

Short Interest Ratio / Days to Cover

Summit Hotel Properties has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Summit Hotel Properties has recently decreased by 21.06%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Summit Hotel Properties is a leading dividend payer. It pays a dividend yield of 5.25%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Summit Hotel Properties does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Summit Hotel Properties is 3,200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based 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.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -2.81

Percentage of Shares Shorted

3.53% of the float of Summit Hotel Properties has been sold short.

Short Interest Ratio / Days to Cover

Summit Hotel Properties has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Summit Hotel Properties has recently decreased by 21.06%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.96

News Sentiment

Summit Hotel Properties has a news sentiment score of 0.96. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for INN on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.37% of the stock of Summit Hotel Properties is held by insiders.

Percentage Held by Institutions

96.47% 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.

INN Stock Analysis - Frequently Asked Questions

How have INN shares performed this year?

Summit Hotel Properties' stock was trading at $6.72 at the beginning of 2024. Since then, INN stock has decreased by 9.5% and is now trading at $6.08.
View the best growth stocks for 2024 here.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) issued its earnings results on Monday, November, 4th. The real estate investment trust reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.22. The real estate investment trust earned $176.81 million during the quarter, compared to analysts' expectations of $176.24 million. Summit Hotel Properties had a net margin of 3.41% and a trailing twelve-month return on equity of 1.87%.

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' top institutional shareholders include H 2 Credit Manager LP (6.61%), State Street Corp (5.84%), Jennison Associates LLC (5.08%) and Indaba Capital Management L.P. (4.15%). Insiders that own company stock include Jonathan P Stanner, Hope S Taitz 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.

What other stocks do shareholders of Summit Hotel Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Summit Hotel Properties investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Home Depot (HD), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD) and Visa (V).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 11/04/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/21/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:INN
• CUSIP: 86608210
• CIK: 1497645
• Web: www.shpreit.com
• Phone: (512) 538-2300
• Fax: 512-538-2333
• Employees: 78
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.01
• Trailing P/E Ratio: 608.00
• Forward P/E Ratio: 6.99
• P/E Growth: N/A
• Net Income: $-12,110,000.00
• Net Margins: 3.41%
• Pretax Margin: 2.82%
• Return on Equity: 1.87%
• Return on Assets: 0.86%

Debt

• Debt-to-Equity Ratio: 1.01
• Current Ratio: 0.78
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $736.29 million
• Price / Sales: 0.90
• Cash Flow: $1.35 per share
• Price / Cash Flow: 4.52
• Book Value: $12.52 per share
• Price / Book: 0.49

Miscellaneous

• Outstanding Shares: 108,418,000
• Free Float: 104,764,000
• Market Cap: $659.18 million
• Optionable: Optionable
• Beta: 2.05