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Summit Hotel Properties (INN)
NYSE:INN
Holding INN?
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INN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.31 - $6.98
Previous Close$6.79
Volume815.54K
Average Volume (3M)790.04K
Market Cap
$837.68M
Enterprise Value$2.64B
Total Cash (Recent Filing)$45.87M
Total Debt (Recent Filing)$1.37B
Price to Earnings (P/E)―
Beta1.34
Next Earnings
Oct 30, 2024EPS Estimate
-$0.04Last Dividend Ex-Date
Aug 16, 2024Dividend Yield3.86%
Share Statistics
EPS (TTM)0.00
Shares Outstanding108,335,913
10 Day Avg. Volume586,355
30 Day Avg. Volume790,045
Standard Deviation0.15
R-Squared0.48
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.78
Price to Sales (P/S)1.29
Price to Cash Flow (P/CF)3.60
P/FCF Ratio4.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.48
Enterprise Value/Gross Profit5.16
Enterprise Value/Ebitda12.18
Forecast
1Y Price Target
$7.50Price Target Upside10.46% Upside
Rating ConsensusHold
Number of Analyst Covering3
Summit Hotel Properties News
PremiumPre-Earnings
Is INN a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Debt ManagementSummit repaid $105 million of debt using cash on hand and asset sales proceeds; net leverage is approximately 5.2x.
DividendQuarterly dividend increased 33% to $0.08/share.
EarningsSummit’s results topped Baird/Street estimates for the fourth consecutive quarter.
Bears Say
Financial PerformanceRevPAR growth and total revenues were a slight miss due to weaker June performance.
GuidanceRevPAR outlook lowered, guiding to 1.0%-2.5% RevPAR growth for the full-year.
RisksRisks include unexpected demand shocks, lower barriers to entry in the select-service segment, several joint ventures, and potential hotel operating expense pressures.
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Ownership Overview
5.87% Insiders
32.61% Mutual Funds
46.94% Other Institutional Investors
14.58% 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 $5.31 and its highest was $6.98 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 Oct 30, 2024 which is in 59 days.
How were Summit Hotel Properties’s earnings last quarter?
Summit Hotel Properties released its earnings results on Jul 29, 2024. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of -$0.07 by $0.3.
Is Summit Hotel Properties overvalued?
According to Wall Street analysts Summit Hotel Properties’s price is currently Undervalued.
Does Summit Hotel Properties pay dividends?
Summit Hotel Properties pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 3.86%. See more information on Summit Hotel Properties dividends here
What is Summit Hotel Properties’s EPS estimate?
Summit Hotel Properties’s EPS estimate is -$0.04.
How many shares outstanding does Summit Hotel Properties have?
Summit Hotel Properties has 108,335,915 shares outstanding.
What happened to Summit Hotel Properties’s price movement after its last earnings report?
Summit Hotel Properties reported an EPS of $0.23 in its last earnings report, beating expectations of -$0.07. Following the earnings report the stock price went up 2.961%.
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
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$7.50 (10.46% Upside)
$7.50 (10.46% Upside)
Blogger Sentiment
Bullish
INN Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 3.4K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.21%
12-Months-Change
Fundamentals
Return on Equity
2.65%
Trailing 12-Months
Asset Growth
-5.35%
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
Q2 2024
0:00 / 0:00
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INN Stock 12 Month Forecast
Average Price Target
$7.50
▲(10.46% Upside)
Technical Analysis
Best Analysts Covering INN
1 Year
1 Year Success Rate
10/21 ratings generated profit
1 Year Average Return
+9.92%
reiterated a buy rating last month
Copying Chris Woronka's trades and holding each position for 1 Year would result in 47.62% of your transactions generating a profit, with an average return of +9.92% per trade.
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