Summit Hotel Properties (INN) to Release Earnings on Wednesday

Summit Hotel Properties (NYSE:INN) will post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Summit Hotel Properties to post earnings of $0.05 per share for the quarter.

Summit Hotel Properties (NYSE:INN) opened at $14.43 on Monday. The firm has a market capitalization of $1,504.72, a P/E ratio of 17.60, a P/E/G ratio of 2.18 and a beta of 1.22. Summit Hotel Properties has a 52-week low of $13.94 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.61 and a quick ratio of 1.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.99%. This is a positive change from Summit Hotel Properties’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 15th. Summit Hotel Properties’s dividend payout ratio is presently 87.80%.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Summit Hotel Properties from a “hold” rating to a “sell” rating in a research report on Thursday. Cantor Fitzgerald reiterated a “buy” rating and issued a $17.00 price objective on shares of Summit Hotel Properties in a research report on Monday, November 20th. Janney Montgomery Scott lowered Summit Hotel Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Raymond James Financial upgraded Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 price target for the company in a research report on Monday, October 30th. Finally, KeyCorp set a $17.00 price target on Summit Hotel Properties and gave the stock a “buy” rating in a research report on Sunday, October 29th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Summit Hotel Properties currently has an average rating of “Hold” and a consensus price target of $17.50.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at

Summit Hotel Properties Company Profile

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 83 hotels with a total of 12,242 guestrooms located in 26 states.

Earnings History for Summit Hotel Properties (NYSE:INN)

Receive News & Ratings for Summit Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Hotel Properties and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit