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Summit Hotel Properties (INN)
NYSE:INN
Summit Hotel Properties (INN) Stock Price & Analysis
278 Followers
INN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.14 - $6.95
Previous Close$6
Volume190.54K
Average Volume (3M)654.15K
Market Cap
$745.47M
Enterprise Value$2.68B
Total Cash (Recent Filing)$58.46M
Total Debt (Recent Filing)$1.48B
Price to Earnings (P/E)―
Beta1.38
Next Earnings
Jul 31, 2024EPS Estimate
-$0.07Last Dividend Ex-Date
May 16, 2024Dividend Yield3.99%
Share Statistics
EPS (TTM)-0.23
Shares Outstanding108,192,206
10 Day Avg. Volume501,970
30 Day Avg. Volume654,154
Standard Deviation0.15
R-Squared0.46
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.72
Price to Sales (P/S)0.96
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.68
Enterprise Value/Gross Profit5.72
Enterprise Value/Ebitda24.26
Forecast
1Y Price Target
$6.00Price Target Upside-0.08% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
Summit Hotel Properties News
Bulls Say, Bears Say
Bulls Say
DividendsQuarterly dividend sees a significant increase, highlighting a strong yield and a solid payout ratio.
EarningsEarnings beat expectations with improved margins due to reduced contract labor costs.
Financial StrategyAsset sales completion and ongoing asset disposals are poised to decrease debt levels and enhance the company's acquisition capabilities.
Bears Say
CompetitionLower barriers to entry in the select-service segment may lead to increased competition and reduced market share.
Market RisksRisks include unexpected demand shocks which could significantly impact revenue.
Operational ChallengesPotential hotel operating expense pressures could erode profit margins.
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Ownership Overview
5.88% Insiders
32.03% Mutual Funds
41.97% Other Institutional Investors
20.11% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Summit Hotel Properties
Desktop Users
Mobile Users
INN FAQ
What was Summit Hotel Properties’s price range in the past 12 months?
Summit Hotel Properties lowest stock price was $5.14 and its highest was $6.95 in the past 12 months.
What is Summit Hotel Properties’s market cap?
Currently, no data Available
When is Summit Hotel Properties’s upcoming earnings report date?
Summit Hotel Properties’s upcoming earnings report date is Jul 31, 2024 which is in 62 days.
How were Summit Hotel Properties’s earnings last quarter?
Summit Hotel Properties released its earnings results on May 01, 2024. The company reported -$0.02 earnings per share for the quarter, beating the consensus estimate of -$0.06 by $0.04.
Is Summit Hotel Properties overvalued?
According to Wall Street analysts Summit Hotel Properties’s price is currently Overvalued.
Does Summit Hotel Properties pay dividends?
Summit Hotel Properties pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 3.99%. See more information on Summit Hotel Properties dividends here
What is Summit Hotel Properties’s EPS estimate?
Summit Hotel Properties’s EPS estimate is -$0.07.
How many shares outstanding does Summit Hotel Properties have?
Summit Hotel Properties has 108,192,210 shares outstanding.
What happened to Summit Hotel Properties’s price movement after its last earnings report?
Summit Hotel Properties reported an EPS of -$0.02 in its last earnings report, beating expectations of -$0.06. Following the earnings report the stock price went up 1.836%.
Which hedge fund is a major shareholder of Summit Hotel Properties?
Among the largest hedge funds holding Summit Hotel Properties’s share is Fisher Asset Management LLC. It holds Summit Hotel Properties’s shares valued at 3M.
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Summit Hotel Properties Stock Smart Score
Underperform
1
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5
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8
9
10
Analyst Consensus
Moderate Sell
Average Price Target:
$6.00 (-0.08% Downside)
$6.00 (-0.08% Downside)
Blogger Sentiment
Bullish
INN Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 26.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 11.8%
Last 30 Days ▼ 11.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-2.88%
12-Months-Change
Fundamentals
Return on Equity
-0.69%
Trailing 12-Months
Asset Growth
-2.23%
Trailing 12-Months
Company Description
Summit Hotel Properties
Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are typically located in markets with multiple demand generators such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.
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INN Company Deck
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INN Earnings Call
Q1 2024
0:00 / 0:00
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INN Stock 12 Month Forecast
Average Price Target
$6.00
▼(-0.08% Downside)
Technical Analysis
Best Analysts Covering INN
1 Year
1 Year Success Rate
1/1 ratings generated profit
1 Year Average Return
+2.80%
reiterated a sell rating last month
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