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Summit Hotel PropertiesNYSE: INN

Profile

Industry:

Hotel & Motel

Country:

United States

IPO:

09 February 2011

Next earnings report:

04 November 2024

Last dividends:

16 August 2024

Next dividends:

15 November 2024
$669.52 M
-40%vs. 3y high
37%vs. sector
-vs. 3y high
-vs. sector
-38%vs. 3y high
27%vs. sector
-75%vs. 3y high
14%vs. sector

Price

after hours | 108 min ago
$6.18+$0.07(+1.15%)
$193.90 M$181.30 M
$193.90 M$35.47 M

Analysts recommendations

Institutional Ownership

INN Latest News

Summit Hotel Properties (INN) Q3 FFO and Revenues Beat Estimates
zacks.com04 November 2024 Sentiment: -

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.

SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTS
prnewswire.com04 November 2024 Sentiment: POSITIVE

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.

SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2024 DIVIDENDS
prnewswire.com24 October 2024 Sentiment: POSITIVE

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) Shows Fast-paced Momentum But Is Still a Bargain Stock
zacks.com10 October 2024 Sentiment: POSITIVE

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, Inc. (INN) Hit a 52 Week High, Can the Run Continue?
zacks.com07 October 2024 Sentiment: POSITIVE

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.

SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATE
prnewswire.com23 September 2024 Sentiment: NEUTRAL

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.

SUMMIT HOTEL PROPERTIES PUBLISHES 2024 CORPORATE RESPONSIBILITY REPORT
prnewswire.com11 September 2024 Sentiment: POSITIVE

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.

SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2024 RESULTS
prnewswire.com29 July 2024 Sentiment: POSITIVE

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.

All You Need to Know About Summit Hotel Properties (INN) Rating Upgrade to Strong Buy
zacks.com29 July 2024 Sentiment: POSITIVE

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.

SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2024 DIVIDENDS
prnewswire.com25 July 2024 Sentiment: POSITIVE

AUSTIN, Texas , July 25, 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 second quarter ended June 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 second quarter common dividend represents an annualized dividend yield of 5.4 percent based on the closing price of shares of the common stock on July 24, 2024.

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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 04 November 2024