Profile
Sector:
Real EstateIndustry:
Hotel & MotelCountry:
United StatesIPO:
09 February 2011Website:
http://www.shpreit.comNext earnings report:
28 February 2025Last dividends:
15 November 2024Next dividends:
N/APrice
after hours | Fri, 15 Nov 2024 22:30:01 GMTAnalysts recommendations
Institutional Ownership
INN Latest News
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel - EVP of Corporate Development Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3 2024 Earnings Conference Call.
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.22 per share a year ago.
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in several of our key markets.
AUSTIN, Texas , Oct. 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: 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, 2024, of $0.08 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 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.
Summit Hotel Properties (INN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Summit Hotel Properties (INN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
AUSTIN, Texas , Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes.
AUSTIN, Texas , Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders.
Net Income Increases to $30.8 Million for Second Quarter 2024 Adjusted EBITDAre Grows 6% to Reach All-Time Quarterly Record High of $55.9 Million Adjusted FFO Increases 10% to $0.29 per Share AUSTIN, Texas , July 29, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and six months ended June 30, 2024. "We are pleased with our strong second quarter financial results as year-over-year RevPAR growth of 3.4% in our pro forma portfolio exceeded the national average for the thirteenth consecutive quarter.
Summit Hotel Properties (INN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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What type of business is Summit Hotel Properties?
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.
What sector is Summit Hotel Properties in?
Summit Hotel Properties is in the Real Estate sector
What industry is Summit Hotel Properties in?
Summit Hotel Properties is in the Hotel & Motel industry
What country is Summit Hotel Properties from?
Summit Hotel Properties is headquartered in United States
When did Summit Hotel Properties go public?
Summit Hotel Properties initial public offering (IPO) was on 09 February 2011
What is Summit Hotel Properties website?
https://www.shpreit.com
Is Summit Hotel Properties in the S&P 500?
No, Summit Hotel Properties is not included in the S&P 500 index
Is Summit Hotel Properties in the NASDAQ 100?
No, Summit Hotel Properties is not included in the NASDAQ 100 index
Is Summit Hotel Properties in the Dow Jones?
No, Summit Hotel Properties is not included in the Dow Jones index
When was Summit Hotel Properties the previous earnings report?
No data
When does Summit Hotel Properties earnings report?
The next expected earnings date for Summit Hotel Properties is 28 February 2025