Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry.
infoSummit Hotel Properties is a small cap stock with a total market cap of 608.89M.
infoThey trade on the NYSE and had their IPO 12 years and 6 months ago.
infoSummit Hotel Properties currently employs 74 people.
infoAs of Wednesday, Aug 23 2023, Summit Hotel Properties’s share price is $5.66.
News Relating to Summit Hotel Properties
Seeking Alpha
Summit Hotel Properties: Well-Covered Dividends; Attractive Valuation
Wednesday Aug 09 2023 at 17:34
Summit Hotel Properties is a select-service hospitality REIT with a portfolio of 100 hotels and 15,000 rooms. The company has a conservative dividend payout ratio, with the potential for further increases. The company’s stock is also undervalued compared to its peers, making for an attractive investment.
Seeking Alpha
Summit Hotel Properties, Inc. (INN) Q2 2023 Earnings Call Transcript
Sunday Aug 06 2023 at 22:01
Summit Hotel Properties, Inc. (NYSE:INN ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Adam Wudel – Investor Relations Jon Stanner – President and Chief Executive Officer Trey Conkling – Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt – KeyBanc Capital Markets Michael Bellisario – Baird Bill Crow – Raymond James Dany Asad – Bank of America Operator Good day and thank you for standing by. Welcome to the Summit Hotel Properties Q2 2023 Earnings Conference Call.
Zacks Investment Research
Summit Hotel Properties (INN) Reports Q2 Earnings: What Key Metrics Have to Say
Wednesday Aug 02 2023 at 21:43
While the top- and bottom-line numbers for Summit Hotel Properties (INN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Zacks Investment Research
Summit Hotel Properties (INN) Q2 FFO and Revenues Top Estimates
Wednesday Aug 02 2023 at 20:13
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to FFO of $0.27 per share a year ago.
PRNewsWire
SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE DATE
Wednesday Jun 21 2023 at 16:30
AUSTIN, Texas , June 21, 2023 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the second quarter of 2023 on Wednesday, August 2, 2023, after the market closes. The Company will conduct its quarterly conference call on Thursday, August 3, 2023, at 10:00 AM ET.
Seeking Alpha
Summit Hotel Properties Offers An Attractive Preferred Dividend Of 8.7%
Sunday May 28 2023 at 11:40
Summit Hotel Properties is a hotel REIT. About half of its properties are leased to Marriott. The first quarter was pretty good for Summit, and the full-year AFFO guidance looks promising.
Seeking Alpha
Summit Hotel Properties, Inc. (INN) Q1 2023 Earnings Call Transcript
Saturday May 06 2023 at 17:05
Summit Hotel Properties, Inc. (NYSE:INN ) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company Participants Adam Wudel – Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner – President and Chief Executive Officer Trey Conkling – Executive Vice President and Chief Financial Officer Conference Call Participants Chris Woronka – Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties, Inc. Q1 2023 Earnings Conference Call.
Seeking Alpha
Tale Of 2 Cities
Sunday Apr 30 2023 at 09:00
U.S. equity markets extended their rebound this week as a strong slate of earnings reports clashed with renewed concerns over financial instability and economic data that provided fodder for both bulls and bears. Closing at its highest levels since early February, the S&P 500 advanced 0.9%, but gains were skewed towards larger companies. The Mid-Cap 400 slipped 0.3%, and the Small-Cap 600 declined 1.0%.
Seeking Alpha
Summit Hotel Properties: (Slowly) Climbing To The Summit
Thursday Mar 16 2023 at 07:20
Summit Hotel Properties reported its FY 2022 earnings, reporting an operating profit for the first time since the pandemic. The company is still recovering from the effects of the pandemic, and demand is picking up.
Seeking Alpha
Summit Hotel Properties: Swap The Commons For The 7% Yield Preferreds
Thursday Mar 02 2023 at 12:52
Summit is paying out a 7.7% yield to owners of its preferreds who also stand to realize a 14.4% yield to call. Dividend pay-outs to common shareholders remain at a fraction of their pre-pandemic average.
Zacks Investment Research
Summit Hotel Properties (INN) Q4 FFO and Revenues Surpass Estimates
Monday Feb 27 2023 at 20:19
Summit Hotel Properties (INN) delivered FFO and revenue surprises of 25% and 0.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Seeking Alpha
Who’s Checking Into Lodging REITs?
Thursday Feb 16 2023 at 07:00
Although Lodging REITs have not rebounded to pre-Covid levels, we thought it would be valuable to provide investors with an update. Keep in mind, we are underweight Lodging, which means that investors should maintain responsible diversification.
Seeking Alpha
Fed Blinks, Finally
Sunday Feb 05 2023 at 09:00
U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported “soft landing” prospects. Gaining for the fourth week in the past five, the S&P 500 advanced 1.6% while the tech-heavy Nasdaq 100 rallied 3.3% – its fourth-straight week of gains. Small caps soared 5%.
Seeking Alpha
A Softish Landing
Sunday Jan 29 2023 at 09:00
U.S. equity markets resumed their rebound this past week as investors parsed a busy slate of corporate earnings results and economic data ahead of the Federal Reserve’s rate hike decision. Gaining for the third week in the past four, the S&P 500 advanced 2.5% on the week while the tech-heavy Nasdaq rallied nearly 5% – its fourth-straight week of gains.
PRNewsWire
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 EARNINGS RELEASE DATE
Tuesday Jan 10 2023 at 17:00
AUSTIN, Texas , Jan. 10, 2023 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the fourth quarter and full year of 2022 on Monday, February 27, 2023, after the market closes. The Company will conduct its quarterly conference call on Tuesday, February 28, 2023, at 9:00 AM ET.
Seeking Alpha
Summit Hotel Properties: I’m Still Confident In The 8.5% Preferred Dividend Yield
Friday Nov 18 2022 at 11:30
Summit Hotel Properties saw its FFO accelerate over the summer – as expected. The dividend was reinstated, but the full-year payout ratio will likely be just around 20% of the FFO.
Seeking Alpha
Summit Hotel Properties, Inc. (INN) Q3 2022 Earnings Call Transcript
Saturday Nov 05 2022 at 14:11
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2022 Results Conference Call November 2, 2022 9:00 AM ET Company Participants Adam Wudel – Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner – President and Chief Executive Officer Trey Conkling – Executive Vice President and CFO Conference Call Participants Neil Malkin – Capital One Michael Bellisario – Baird Austin Wurschmidt – KeyBanc Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3, 2022 Conference Call [Operator Instructions].
Zacks Investment Research
Summit Hotel Properties (INN) Meets Q3 FFO Estimates
Wednesday Nov 02 2022 at 21:49
Summit Hotel Properties (INN) delivered FFO and revenue surprises of 0% and 0.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
PRNewsWire
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2022 EARNINGS RELEASE DATE
Tuesday Sep 20 2022 at 17:06
AUSTIN, Texas , Sept. 20, 2022 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the third quarter of 2022 on Wednesday, November 2, 2022, after the market closes.
Seeking Alpha
Summit Hotel Properties, Inc. (INN) CEO Jon Stanner on Q2 2022 Results – Earnings Call Transcript
Thursday Aug 04 2022 at 00:04
Summit Hotel Properties, Inc. (NYSE:INN ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Adam Wudel – SVP of Finance, Capital Markets and Treasurer Jon Stanner – President & CEO Trey Conkling – EVP & CFO Conference Call Participants Neil Malkin – Capital One Chris Woronka – Deutsche Bank Austin Wurschmidt – KeyBanc Capital Markets. Michael Bellisario – Baird Bill Crow – Raymond James Operator Thank you for standing by, and welcome to Summit Hotel Properties Second Quarter Fiscal Year 2022 Earnings Conference Call.
Zacks Investment Research
Summit Hotel Properties (INN) Misses Q2 FFO Estimates
Tuesday Aug 02 2022 at 19:36
Summit Hotel Properties (INN) delivered FFO and revenue surprises of -6.90% and 5.09%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
PRNewsWire
SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2022 EARNINGS RELEASE DATE
Thursday Jul 07 2022 at 17:00
AUSTIN, Texas, July 7, 2022 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the second quarter of 2022 on Tuesday, August 2, 2022, after the market closes. The Company will conduct its quarterly conference call on Wednesday, August 3, 2022, at 9:00 AM ET.
Seeking Alpha
Summit Hotel Properties: The Preferred Shares Are Now Yielding 7.8%
Saturday Jun 18 2022 at 11:45
Summit Hotel Properties saw its performance continuously improve during Q1. The REIT is digesting a large acquisition and hopefully this will boost the Q2 and Q3 earnings.
Zacks Investment Research
Is the Options Market Predicting a Spike in Summit Hotel Properties (INN) Stock?
Tuesday May 31 2022 at 09:48
Investors need to pay close attention to Summit Hotel Properties (INN) stock based on the movements in the options market lately.
Seeking Alpha
Summit Hotel Properties, Inc. (INN) CEO Jon Stanner on Q1 2022 Results – Earnings Call Transcript
Wednesday May 04 2022 at 10:47
Summit Hotel Properties, Inc. (NYSE:INN ) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Adam Wudel – Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner – President and Chief Executive Officer Trey Conkling – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Bellisario – Baird Daniel Tricarico – KeyBanc Bill Crow – Raymond James Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear.
PRNewsWire
SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2022 EARNINGS RELEASE DATE
Wednesday Mar 30 2022 at 17:00
AUSTIN, Texas, March 30, 2022 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the first quarter of 2022 on Tuesday, May 3, 2022, after the market closes. The Company will conduct its quarterly conference call on Wednesday, May 4, 2022, at 9:00 AM ET.
Seeking Alpha
Summit Hotel Properties, Inc. (INN) CEO Jonathan Stanner on Q4 2021 Results – Earnings Call Transcript
Thursday Feb 24 2022 at 14:46
Summit Hotel Properties, Inc. (INN) CEO Jonathan Stanner on Q4 2021 Results – Earnings Call Transcript
Zacks Investment Research
Summit Hotel Properties (INN) Surpasses Q4 FFO and Revenue Estimates
Wednesday Feb 23 2022 at 20:44
Summit Hotel Properties (INN) delivered FFO and revenue surprises of 7.69% and 1.84%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Seeking Alpha
I’m Adding To My 6.5% Yielding Preferred Securities Of Summit Hotel Properties
Wednesday Feb 23 2022 at 09:32
Summit Hotel Properties likely has seen the worst of the COVID crisis: the Q3 2021 AFFO represented 90% of the 9M 2021 AFFO.
PRNewsWire
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 EARNINGS RELEASE DATE
Wednesday Jan 05 2022 at 17:00
AUSTIN, Texas, Jan. 5, 2022 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the fourth quarter and full year of 2021 on Wednesday, February 23, 2022, after the market closes. The Company will conduct its quarterly conference call on Thursday, February 24, 2022, at 9:00 AM ET.
Summit Hotel Properties Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Summit Hotel Properties’s Altman Z-score is 1.97 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
Derived from SEC.GOV filing dataopen_in_new
Summit Hotel Properties Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in Summit Hotel Properties.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Summit Hotel Properties’s Income Quality of -12.34 is lower than its Industry Group of 1.05 (-1275.2% lower)
Summit Hotel Properties’s Income Quality of -12.34 is lower than its Major Industry Group of -0.07 (-17528.6% lower)
Summit Hotel Properties’s Income Quality of -12.34 is lower than its Sector of 0.58 (-2227.6% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Summit Hotel Properties’s Current Ratio of 535.97 is greater than its Industry Group of 1.33 (40198.5% greater)
Summit Hotel Properties’s Current Ratio of 535.97 is greater than its Major Industry Group of 0.32 (167390.6% greater)
Summit Hotel Properties’s Current Ratio of 535.97 is greater than its Sector of 1.3 (41128.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-48.24 & 8.36)
Cannot compare a negative PE Ratio (-48.24 & 7.7)
Cannot compare a negative PE Ratio (-48.24 & 7.86)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Summit Hotel Properties’s PB Ratio of 0.64 is lower than its Industry Group of 0.87 (-26.4% lower)
Summit Hotel Properties’s PB Ratio of 0.64 is lower than its Major Industry Group of 0.74 (-13.5% lower)
Summit Hotel Properties’s PB Ratio of 0.64 is lower than its Sector of 0.72 (-11.1% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Summit Hotel Properties’s ROE of -0.01 is lower than its Industry Group of 0.01 (-200.0% lower)
Summit Hotel Properties’s ROE of -0.01 is lower than its Major Industry Group of 0.04 (-125.0% lower)
Summit Hotel Properties’s ROE of -0.01 is lower than its Sector of 0.04 (-125.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Summit Hotel Properties’s ROCE of 0.03 is in line with its Industry Group of 0.03
Summit Hotel Properties’s ROCE of 0.03 is greater than its Major Industry Group of -0.01 (400.0% greater)
Summit Hotel Properties’s ROCE of 0.03 is greater than its Sector of 0.02 (50.0% greater)
Derived from SEC.GOV filing dataopen_in_new