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Summit Hotel Properties, Inc. (INN)

Stock Price: $8.85 USD 0.08 (0.91%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $8.92 +0.07 (0.79%) Jan 15, 7:06 PM
Market Cap 916.50M
Revenue (ttm) 320.01M
Net Income (ttm) -105.88M
Shares Out 104.20M
EPS (ttm) -1.02
PE Ratio n/a
Forward PE n/a
Dividend $0.72
Dividend Yield 8.14%
Trading Day January 15
Last Price $8.85
Previous Close $8.77
Change ($) 0.08
Change (%) 0.91%
Day's Open 8.69
Day's Range 8.61 - 8.92
Day's Volume 1,495,926
52-Week Range 2.61 - 11.93

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PRNewsWire - 3 days ago

AUSTIN, Texas, Jan. 12, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has closed its previously announced underwritten public offering ...

PRNewsWire - 1 week ago

AUSTIN, Texas, Jan. 8, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the pricing on January 7, 2021 of an underwritten public offering of $250,...

PRNewsWire - 1 week ago

AUSTIN, Texas, Jan. 6, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has launched an underwritten public offering of $200,000,000 aggre...

Seeking Alpha - 2 weeks ago

Summit Hotel has seen strong improvements to its operating metrics since the depths of the pandemic. It's now profitable at the hotel property level, and I see a path to overall profitability ...

PRNewsWire - 4 weeks ago

AUSTIN, Texas, Dec. 17, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that Dan Hansen, Chairman, President and Chief Executive Officer will tra...

InvestorPlace - 1 month ago

Investors seeking exposure from REITs should consider those with big retail and travel and leisure footprints, while avoiding these names. The post 3 REITs to Pass On For Now appeared first on...

Other stocks mentioned: BFS, RVI
PRNewsWire - 1 month ago

AUSTIN, Texas, Nov. 17, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has published its annual Corporate Responsibility Report for 2019...

Seeking Alpha - 2 months ago

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q3 2020 Results - Earnings Call Transcript

Seeking Alpha - 2 months ago

Summit Hotel Properties, Inc.'s (INN) CEO Dan Hansen On Q3 2020 Results - Quick Version Earnings Call Transcript

Zacks Investment Research - 2 months ago

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 23.08% and -0.17%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the...

Benzinga - 2 months ago

Shares of Summit Hotel Properties (NYSE:INN) moved higher by 0.17% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 132.26% year ov...

PRNewsWire - 2 months ago

AUSTIN, Texas, Nov. 3, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the third quarter ended September 30, 2020. "We were encourag...

PRNewsWire - 2 months ago

AUSTIN, Texas, Oct. 30, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared...

PRNewsWire - 3 months ago

AUSTIN, Texas, Oct. 1, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2020 on Tue...

Seeking Alpha - 5 months ago

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q2 2020 Results - Earnings Call Transcript

PRNewsWire - 5 months ago

AUSTIN, Texas, Aug. 5, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc.

PRNewsWire - 5 months ago

AUSTIN, Texas, July 29, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared...

PRNewsWire - 6 months ago

AUSTIN, Texas, July 13, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2020 on W...

Seeking Alpha - 6 months ago

Summit Hotel had a challenging Q1 2020 as its revenues and AFFO declined sharply from last year.

Seeking Alpha - 8 months ago

Summit Hotel Properties (INN) CEO Dan Hansen on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 8 months ago

Summit Hotel Properties (INN) delivered FFO and revenue surprises of -23.53% and -1.93%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the st...

Market Watch - 10 months ago

Shares of cruise operators and hotel chains were sharply lower Thursday, as investors digested news of a temporary ban on flights from Europe and after Carnival Corp. said its Princess Cruises...

Other stocks mentioned: CCL, H, HLT, HST, MAR, NCLH, RCL
Seeking Alpha - 10 months ago

Summit Hotel Properties, Inc. (INN) CEO Daniel Hansen on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 0.00% and 4.00%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the st...

Seeking Alpha - 1 year ago

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 0.00% and 0.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the s...

Seeking Alpha - 1 year ago

In 2018, Summit Hotel’s management team found a significant amount of new opportunities. That’s why I believe that investors will appreciate taking a look at this name.

Zacks Investment Research - 1 year ago

A stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

Other stocks mentioned: AZZ, GBX, GDOT, NPO, PAM, SNY
Zacks Investment Research - 1 year ago

A stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

Other stocks mentioned: FOSL, GBX, HIBB, PFG, RUSHA, UFPI
Zacks Investment Research - 1 year ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Seeking Alpha - 1 year ago

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 2.78% and 0.53%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 1 year ago

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 6.90% and 2.22%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 1 year ago

Investing is all about probabilities because past performance is no guarantee of future results.

Other stocks mentioned: BPR, BRX, KIM, KRG, MAC, SKT

About INN

Summit Hotel Properties 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 November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

Industry
REIT-Hotel & Motel
IPO Date
Feb 9, 2011
CEO
Daniel P. Hansen
Employees
59
Stock Exchange
NYSE
Ticker Symbol
INN
Full Company Profile

Financial Performance

In 2019, INN's revenue was $549.35 million, a decrease of -3.16% compared to the previous year's $567.27 million. Earnings were $82.61 million, a decrease of -9.14%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for INN stock is "Strong Buy." The 12-month stock price forecast is 9.92, which is an increase of 12.09% from the latest price.

Price Target
$9.92
(12.09% upside)
Analyst Consensus: Strong Buy