Summit Hotel Properties, Inc. (INN)

NYSE: INN · IEX Real-Time Price · USD
8.70
-0.06 (-0.68%)
At close: May 16, 2022 4:00 PM
8.27
-0.43 (-4.94%)
After-hours:May 16, 2022 7:10 PM EDT
Market Cap930.05M
Revenue (ttm)445.94M
Net Income (ttm)-61.02M
Shares Out106.90M
EPS (ttm)-0.80
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend DateMay 16, 2022
Volume487,009
Open8.72
Previous Close8.76
Day's Range8.61 - 8.79
52-Week Range8.22 - 10.94
Beta2.21
AnalystsBuy
Price Target12.58 (+44.6%)
Earnings DateMay 3, 2022

About INN

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 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.

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateFeb 9, 2011
Employees63
Stock ExchangeNYSE
Ticker SymbolINN
Full Company Profile

Financial Performance

In 2021, INN's revenue was $361.93 million, an increase of 54.36% compared to the previous year's $234.46 million. Losses were -$65.57 million, -54.25% less than in 2020.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for INN stock is "Buy." The 12-month stock price forecast is 12.58, which is an increase of 44.60% from the latest price.

Price Target
$12.58
(44.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Summit Hotel Properties Completes Sale of Hilton Garden Inn San Francisco Airport North for $75 Million

AUSTIN, Texas, May 12, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed the previously announced disposition of the 169-guestroom Hilt...

4 days ago - PRNewsWire

Summit Hotel Properties (INN) Q1 FFO and Revenues Top Estimates

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 41.67% and 17.42%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2022 RESULTS

Pro Forma RevPAR Increases 78%; 2019 RevPAR Recapture Rate Reaches New Quarterly High Completed the Acquisition of $822 Million 27-Hotel NewcrestImage Portfolio Accretive Transaction Activity Continues ...

1 week ago - PRNewsWire

SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2022 PREFERRED DIVIDENDS

AUSTIN, Texas , April 29, 2022 /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...

2 weeks ago - PRNewsWire

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2022 EARNINGS RELEASE DATE

AUSTIN, Texas, March 30, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2022 on Tuesday, Ma...

1 month ago - PRNewsWire

SUMMIT HOTEL PROPERTIES COMPLETES ACQUISITION OF CANOPY BY HILTON NEW ORLEANS DOWNTOWN

AUSTIN, Texas , March 29, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed the previously announced acquisition of the 176-guestroom C...

1 month ago - PRNewsWire

Summit Hotel Properties (INN) Surpasses Q4 FFO and Revenue Estimates

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 7.69% and 1.84%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS

AUSTIN, Texas, Feb. 23, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the fourth quarter and full year ended December 31, 2021. "We continue...

2 months ago - PRNewsWire

Summit Hotel Properties Announces 2022 Annual Meeting of Stockholders

AUSTIN, Texas, Feb. 18, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2022 Annual Meeting of Stockholders will be held Thursday, May 12, 2022, b...

2 months ago - PRNewsWire

Summit Hotel Properties Announces Retirement of Craig Aniszewski as Chief Operating Officer

AUSTIN, Texas, Jan. 31, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit" or the "Company") today announced that Craig J. Aniszewski, its Executive Vice President and Chief Operat...

3 months ago - PRNewsWire

SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2021 PREFERRED DIVIDENDS

AUSTIN, Texas, Jan. 28, 2022 /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 d...

3 months ago - PRNewsWire

Summit Hotel Properties' President & CEO Jonathan Stanner Named to American Hotel & Lodging Association Board of Dire...

AUSTIN, Texas, Jan. 18, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company" or "Summit") today announced that its President and Chief Executive Officer, Jonathan Stanner, has b...

3 months ago - PRNewsWire

Summit Hotel Properties Completes Acquisition of NewcrestImage Portfolio

AUSTIN, Texas, Jan. 13, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company" or "Summit") today announced that it has completed an initial closing of the previously announced po...

4 months ago - PRNewsWire

SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 EARNINGS RELEASE DATE

AUSTIN, Texas, Jan. 5, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2021 o...

4 months ago - PRNewsWire

SUMMIT HOTEL PROPERTIES COMPLETES ACQUISITION OF EMBASSY SUITES BY HILTON TUCSON / PALOMA VILLAGE

AUSTIN, Texas, Jan. 4, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it completed the acquisition of the 120-guestroom Embassy Suites by Hilton Tucs...

4 months ago - PRNewsWire

Secret Santa Stocks to Surprise You This Christmas

Medallion Financial (MFIN), Summit Hotel (INN), Hess Midstream Partners (HESM), LouisianaPacific (LPX), and Microchip Technology (MCHP) could be Secret Santas that could surprise investors with big retu...

Other symbols:HESMLPXMCHPMFIN
4 months ago - Zacks Investment Research

4 High Earnings Yield Stocks Likely to Pay Off Big Time

Summit Hotel (INN), Meritage Homes (MTH), Eagle Pharmaceuticals (EGRX) and BrightSphere (BSIG) could be some attractive bets if you are looking for high earnings yield picks.

Other symbols:BSIGEGRXMTH
4 months ago - Zacks Investment Research

Here's Why Summit Hotel Properties (INN) Could be Great Choice for a Bottom Fisher

Summit Hotel Properties (INN) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions cou...

5 months ago - Zacks Investment Research

Summit Hotel Properties Announces Board of Directors Transition

AUSTIN, Texas, Dec. 7, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that Dan Hansen will retire from his role as the Company's Executive Chairman effect...

5 months ago - PRNewsWire

Investing in Hospitality REITs

Hospitality REITs can be a great way to generate passive income with commercial real estate if you're prepared to hold fast during seasonal swings.

Other symbols:APLEHTPEBPK
6 months ago - The Motley Fool

Summit Hotel Properties (INN) Q3 FFO and Revenues Top Estimates

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 35.71% and 9.42%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Summit Hotel Properties Announces Acquisition of 27-Hotel Portfolio from NewcrestImage

AUSTIN, Texas, Nov. 3, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company" or "Summit") today announced that it has entered into a definitive contribution and purchase agreemen...

6 months ago - PRNewsWire

Summit Hotel Properties Reports Third Quarter 2021 Results

AUSTIN, Texas, Nov. 3, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September 30, 2021. "We were pleased wi...

6 months ago - PRNewsWire

Summit Hotel Properties Declares Third Quarter 2021 Preferred Dividends

AUSTIN, Texas, Oct. 29, 2021 /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 d...

6 months ago - PRNewsWire

Is Summit Hotel Properties (INN) Stock a Solid Choice Right Now?

Summit Hotel Properties (INN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

7 months ago - Zacks Investment Research