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%.
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.
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