INN - Summit Hotel Properties, Inc.

NYSE - NYSE Delayed Price. Currency in USD
11.37
-0.33 (-2.82%)
At close: 4:02PM EDT
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Previous Close11.70
Open11.62
Bid0.00 x 800
Ask11.81 x 1000
Day's Range11.23 - 11.63
52 Week Range9.29 - 15.61
Volume791,391
Avg. Volume566,161
Market Cap1.2B
Beta (3Y Monthly)1.44
PE Ratio (TTM)16.72
EPS (TTM)0.68
Earnings DateMay 1, 2019
Forward Dividend & Yield0.72 (6.31%)
Ex-Dividend Date2019-02-13
1y Target Est12.75
Trade prices are not sourced from all markets
  • PR Newswire5 days ago

    Summit Hotel Properties Announces Sale Of Six Hotels For $135 Million

    The aggregate gross sales price of $135.0 million, plus estimated future capital improvements, represented a 12.8x EBITDA multiple and 6.9 percent capitalization rate for the trailing twelve months ended March 31, 2019. The Company estimates that the hotels would have contributed approximately $9.5 million of EBITDAre through the remainder of 2019. Net proceeds from the sale were used to reduce the outstanding balance of the Company's unsecured revolving credit facility, which now has $395.0 million available to borrow. Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. As of April 18, 2019, the Company's portfolio consisted of 69 hotels with a total of 10,714 guestrooms located in 24 states.

  • PR Newswire18 days ago

    Summit Hotel Properties Announces First Quarter 2019 Earnings Release Date

    AUSTIN, Texas , April 4, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2019 on ...

  • Markit21 days ago

    See what the IHS Markit Score report has to say about Summit Hotel Properties Inc.

    Summit Hotel Properties Inc NYSE:INNView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderate for INN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $974 million over the last one-month into ETFs that hold INN are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • PR Newswirelast month

    Hyatt House Across From Orlando Universal Resort™ Awarded Opening Hotel Performance Award by Hyatt

    AUSTIN, Texas , March 21, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its newly-developed Hyatt House Across From Orlando Universal Resort™ ...

  • MoneyShowlast month

    Check into these Hotel-Related REITs

    For the REIT sector, an improving economy typically means rising commercial property values and the potential to increase rental rates, suggests Tim Plaehn, income expert and editor of The Dividend Hunter.

  • Should You Be Concerned About Summit Hotel Properties, Inc.’s (NYSE:INN) Historical Volatility?
    Simply Wall St.last month

    Should You Be Concerned About Summit Hotel Properties, Inc.’s (NYSE:INN) Historical Volatility?

    Anyone researching Summit Hotel Properties, Inc. (NYSE:INN) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern financeRead More...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of INN earnings conference call or presentation 27-Feb-19 2:00pm GMT

    Q4 2018 Summit Hotel Properties Inc Earnings Call

  • Summit Hotel Properties Inc (INN) Q4 2018 Earnings Conference Call Transcript
    Motley Fool2 months ago

    Summit Hotel Properties Inc (INN) Q4 2018 Earnings Conference Call Transcript

    INN earnings call for the period ending December 31, 2018.

  • PR Newswire2 months ago

    Summit Hotel Properties Reports Fourth Quarter And Full Year 2018 Results

    Net Income of $71.0 million for 2018; Full Year 2018 Adjusted EBITDAre grows 9.1 percent to $196.5 million ; Adjusted FFO increases to $141.0 million , $1.35 per share for 2018; AUSTIN, Texas , Feb. 26, ...

  • PR Newswire2 months ago

    Summit Hotel Properties Announces 2019 Annual Meeting of Stockholders

    AUSTIN, Texas , Feb. 21, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2019 Annual Meeting of Stockholders will be held Thursday, May ...

  • Investing In Summit Hotel Properties, Inc. (NYSE:INN): What You Need To Know
    Simply Wall St.2 months ago

    Investing In Summit Hotel Properties, Inc. (NYSE:INN): What You Need To Know

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Summit Hotel Properties, Inc. is a US$1.2b small-cap, real estateRead More...

  • GlobeNewswire2 months ago

    Report: Developing Opportunities within United Technologies, Summit Hotel Properties, Immunomedics, PriceSmart, American Assets Trust, and Semtech — Future Expectations, Projections Moving into 2019

    NEW YORK, Feb. 06, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • PR Newswire3 months ago

    Summit Hotel Properties Declares Fourth Quarter 2018 Dividends

    AUSTIN, Texas, Feb. 1, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the fourth quarter ended December 31, 2018, of $0.18 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership.  The Company's fourth quarter common dividend represents an annualized dividend yield of 6.4 percent based on the closing price of shares of the common stock on January 31, 2019.

  • Have Insiders Been Buying Summit Hotel Properties, Inc. (NYSE:INN) Shares?
    Simply Wall St.3 months ago

    Have Insiders Been Buying Summit Hotel Properties, Inc. (NYSE:INN) Shares?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples Read More...

  • PR Newswire3 months ago

    Summit Hotel Properties Announces Fourth Quarter And Full Year 2018 Earnings Release Date

    AUSTIN, Texas , Jan. 8, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year ...

  • Here is What Hedge Funds Think About Summit Hotel Properties Inc (INN)
    Insider Monkey4 months ago

    Here is What Hedge Funds Think About Summit Hotel Properties Inc (INN)

    Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]

  • Zacks4 months ago

    Summit Hotel (INN) Closes $600M Unsecured Credit Facility

    Summit Hotel Properties (INN) increases size of its credit facility by $150 million, which enables it to lower cost of debt and improve maturity ladder.

  • PR Newswire4 months ago

    Summit Hotel Properties Closes Expanded $600 Million Unsecured Credit Facility

    AUSTIN, Texas, Dec. 10, 2018 /PRNewswire/ -- Summit Hotel Properties, Inc. (INN) (the "Company") today announced that it had successfully closed on a new $600 million unsecured credit facility. The increased credit facility is comprised of a $400 million unsecured revolving line of credit and a $200 million unsecured term loan and replaces the Company's existing $450 million unsecured credit facility.