INN - Summit Hotel Properties, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
11.96
-0.09 (-0.75%)
At close: 3:59PM EST

11.95 -0.01 (-0.08%)
After hours: 4:04PM EST

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Previous Close12.05
Open12.07
Bid11.94 x 3100
Ask11.95 x 800
Day's Range11.81 - 12.10
52 Week Range9.29 - 12.63
Volume521,624
Avg. Volume875,750
Market Cap1.3B
Beta (5Y Monthly)1.20
PE Ratio (TTM)19.38
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.72 (5.98%)
Ex-Dividend Date2019-11-14
1y Target EstN/A
All
News
Press Releases
  • PR Newswire

    Summit Hotel Properties Reports Third Quarter 2019 Results

    Net Income of $7.8 million ; Adjusted EBITDAre of $45.2 million ; Adjusted FFO per share of $0.31 Completed Acquisition of Four Hotels for $249 Million Through GIC Joint Venture in the Fourth Quarter AUSTIN, ...

  • PR Newswire

    Summit Hotel Properties Declares Third Quarter 2019 Dividends

    AUSTIN, Texas, Nov. 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 third quarter ended September 30, 2019, 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 third quarter common dividend represents an annualized dividend yield of 5.9 percent based on the closing price of shares of the common stock on October 31, 2019.

  • PR Newswire

    Summit Hotel Properties Announces Pending Acquisition Of West Coast Portfolio For $249 Million

    AUSTIN, Texas, Oct. 7, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (INN) (the "Company") today announced that it has entered into a definitive agreement to acquire four hotels located on the west coast for $249 million through its recently formed joint venture with GIC. The high-quality portfolio is located in three high-growth markets and includes the 258-guestroom Residence Inn by Marriott Portland Downtown/RiverPlace, the 169-guestroom Hilton Garden Inn San Francisco Airport North, the 161-guestroom Hilton Garden Inn San Jose/Milpitas, and the 122-guestroom Residence Inn by Marriott Portland Hillsboro.

  • PR Newswire

    Summit Hotel Properties Announces Third Quarter 2019 Earnings Release Date

    AUSTIN, Texas , Oct. 2, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2019 on Tuesday, ...

  • PR Newswire

    Summit Hotel Properties Reports Second Quarter 2019 Results And Announces Newly-Formed Joint Venture With GIC

    Net Income Increases to $45.2 million ; Adjusted EBITDAre of $52.4 million ; Adjusted FFO per share of $0.37 Initial GIC Joint Venture Acquisition Announced AUSTIN, Texas , July 31, 2019 /PRNewswire/ -- ...

  • PR Newswire

    Summit Hotel Properties Declares Second Quarter 2019 Dividends

    AUSTIN, Texas, July 29, 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 second quarter ended June 30, 2019, 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 second quarter common dividend represents an annualized dividend yield of 6.3 percent based on the closing price of shares of the common stock on July 26, 2019.

  • PR Newswire

    Summit Hotel Properties Announces Second Quarter 2019 Earnings Release Date

    AUSTIN, Texas , July 8, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2019 on ...

  • PR Newswire

    Summit Hotel Properties Reports First Quarter 2019 Results

    Net Income Increases to $9.2 million Pro Forma RevPAR Growth of 2.9% Adjusted FFO increases to $32.3 million , $0.31 per share; Adjusted EBITDAre of $46.7 million AUSTIN, Texas , May 1, 2019 /PRNewswire/ ...

  • PR Newswire

    Summit Hotel Properties Declares First Quarter 2019 Dividends

    AUSTIN, Texas, April 29, 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 first quarter ended March 31, 2019, 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 first quarter common dividend represents an annualized dividend yield of 6.2 percent based on the closing price of shares of the common stock on April 26, 2019.

  • PR Newswire

    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 Newswire

    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 ...

  • PR Newswire

    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™ ...

  • PR Newswire

    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 Newswire

    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 ...

  • GlobeNewswire

    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 Newswire

    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.

  • PR Newswire

    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 ...