INN

Summit Htl Prti
NYSE

Real-time Quotes | Nasdaq Last Sale

5.67
-0.15
-2.58%
After Hours: 5.67 0 0.00% 16:31 10/26 EDT
OPEN
5.76
PREV CLOSE
5.82
HIGH
5.78
LOW
5.45
VOLUME
761.17K
TURNOVER
--
52 WEEK HIGH
12.59
52 WEEK LOW
2.320
MARKET CAP
599.30M
P/E (TTM)
-9.8386
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
REIT Earnings Preview: Who Paid The Rent?
Who paid the rent? Real estate earnings season kicks off this week with more than 200 REITs and housing industry companies reporting earnings over the next month.Rent collection - a metric that was rarely reported in the pre-COVID-19 era - has become the most critical statistic tracked by investors due to its impact on dividend-paying capacity.Dividend cuts have been a major theme throughout the pandemic. 65 of 170 equity REITs have reduced their dividend, but since the start of Q3, dividend increases have outnumbered cuts.REITs enter third-quarter earnings season as the third-worst performing out of 11 GICS equity sectors. Improving rent collection and dividend commentary could be a positive catalyst to drive a recovery.While many commercial property sectors have struggled, several "essential" property sectors have thrived throughout the pandemic. We discuss the trends that we're watching this earnings season in each of the real estate property sectors.
Seekingalpha · 10/19 18:00
Hotel REITs: Winter's Coming
"No vacancy" becomes "no occupancy." Hotel REITs - along with the global leisure and tourism industry - have been decimated by the coronavirus pandemic, plunging more than 50% this year.Following a record year for the industry in 2019, hotels REITs reported occupancy rates below 20% in Q2. Occupancy has recovered to roughly 45% by late summer, but winter is coming.Every hotel REIT has slashed its dividend in an effort to stay afloat, as 40-50% occupancy is needed to "keep the lights on." Suburban-focused and leisure-oriented properties have outperformed urban hotels.Perhaps a more "pure play" on the success of a vaccine than even the pharmaceuticals themselves, a significant "second-wave" of the pandemic would be likely catastrophic for equity holders.While leisure demand should bounce back relatively quickly when the pandemic subsides, business and group demand may take up to a half-decade or longer to fully recover.
Seekingalpha · 09/30 13:00
Park Hotels & Resorts a standout in BofA's deep dive into hotel reits
Bank of America lowers Choice Hotels International (CHH) to an Underperform from Neutral. BofA on CHH: "Management has executed and CHH’s franchised/leisure model led to relatively low levels of volatility in
Seekingalpha · 09/29 11:29
Here's Why My REITs Beat Your REITs
Over the last several years we've seen larger equity REITs consistently outperform, but the gap becomes even larger with the recession.Tiny equity REITs trade at lower multiples FFO and AFFO, but that shouldn't be your only criteria.Tiny equity REITs have dramatically worse margins across key metrics.Tiny equity REITs have dramatically higher leverage, putting them in a much worse position whenever the economy slides into a recession.Investors are finally realizing that mortgage REITs are for trading, but they still think if they buy-and-hold crap equity REITs it will work out great.
Seekingalpha · 09/14 11:00
Host Hotels & Resorts: Better To Wait
The US hospitality industry has posted strong job growth for May and June after the April lows.Host Hotels & Resorts has cut operating costs drastically in light of COVID challenges.However, capital expenses have been increased.A redefinition of the business operating model is currently being undertaken.It is better for investors to wait for an update during the third-quarter results.
Seekingalpha · 09/08 19:06
Summit Hotel Properties (INN) Investor Presentation - Slideshow
The following slide deck was published by Summit Hotel Properties, Inc. in conjunction with this event.
Seekingalpha · 09/03 23:24
Summit Hotel Properties: Ingredients For A Faster Recovery
Summit Hotel Properties is a hotel REIT which partners with the major hotels brands using a managed-services model.Demand for guest rooms is cautiously recovering from April lows.Revenues for the second quarter is down but higher occupancy rates in July point to a brighter picture going forward.Finances and operating costs are being managed closely to mitigate financial risks.Well-known names in the company's property portfolio are strong positives and this hotel REIT is a buy.
Seekingalpha · 09/02 13:24
Despite recent shoots, BofA says lodging demand has a long road back
Its most recent look at hotel demand has BofA seeing steady recent improvement in revenue per available room - but also seeing a fall slowdown that has it cutting estimates
Seekingalpha · 08/20 22:51
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Forecast
EPSBVPSCFPS
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Income StatementMore
Net IncomeTotal RevenueOperating Income
Net Income (USD)
YoY (%)
Balance SheetMore
Total Assets (USD)
Total Liabilities (USD)
Debt to Asset (%)
Cash FlowMore
OperatingInvestingFinancing
Operating (USD)
YoY (%)
Learn about the latest financial forecast of INN. Analyze the recent business situations of Summit Htl Prti through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 6 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average INN stock price target is 7.75 with a high estimate of 8.00 and a low estimate of 7.00.
EPS
Institutional Holdings
Institutions: 314
Institutional Holdings: 113.30M
% Owned: 107.19%
Shares Outstanding: 105.70M
TypeInstitutionsShares
Increased
66
4.53M
New
77
-3.13M
Decreased
59
7.19M
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Specialized REITs
-0.99%
Residential & Commercial REITs
-1.40%
Key Executives
Chairman/President/Chief Executive Officer/Director
Daniel Hansen
Chief Financial Officer/Executive Vice President/Treasurer
Jonathan Stanner
Chief Operating Officer/Executive Vice President
Craig Aniszewski
Executive Vice President/Chief Risk Officer/General Counsel/Secretary
Christopher Eng
Senior Vice President/Chief Accounting Officer
Paul Ruiz
Lead Director/Independent Director
Jeffrey Jones
Independent Director
Bjorn Hanson
Independent Director
Kenneth Kay
Independent Director
Thomas Storey
Independent Director
Hope Taitz
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
01/31/2020
Dividend USD 0.18
02/13/2020
11/01/2019
Dividend USD 0.18
11/14/2019
07/29/2019
Dividend USD 0.18
08/15/2019
04/29/2019
Dividend USD 0.18
05/16/2019
02/01/2019
Dividend USD 0.18
02/13/2019
10/26/2018
Dividend USD 0.18
11/15/2018
07/30/2018
Dividend USD 0.18
08/15/2018
04/30/2018
Dividend USD 0.18
05/15/2018
02/05/2018
Dividend USD 0.18
02/15/2018
10/30/2017
Dividend USD 0.17
11/15/2017
07/31/2017
Dividend USD 0.17
08/14/2017
05/04/2017
Dividend USD 0.17
05/12/2017
04/06/2017
Dividend USD 0.162
02/10/2017
12/05/2016
Dividend USD 0.162
11/14/2016
09/07/2016
Dividend USD 0.132
08/12/2016
05/02/2016
Dividend USD 0.132
05/12/2016
02/01/2016
Dividend USD 0.117
02/11/2016
11/02/2015
Dividend USD 0.117
11/12/2015
07/31/2015
Dividend USD 0.117
08/12/2015
05/01/2015
Dividend USD 0.117
05/13/2015
01/30/2015
Dividend USD 0.117
02/11/2015
11/03/2014
Dividend USD 0.117
11/12/2014
08/01/2014
Dividend USD 0.117
08/13/2014
05/06/2014
Dividend USD 0.112
05/14/2014
01/30/2014
Dividend USD 0.112
02/12/2014
11/01/2013
Dividend USD 0.112
11/13/2013
08/01/2013
Dividend USD 0.112
08/14/2013
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About INN
Summit Hotel Properties Inc. is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company's portfolio consists of 72 hotels, 67 of which are wholly-owned, with a total of 11,288 guestrooms located in 23 states. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company's portfolio is located in urban and suburban markets. All of the Company's hotels operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, InterContinental Hotels Group, and an affiliate of Hyatt Hotels Corporation.
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