Summit Hotel Properties (INN) to Release Earnings on Wednesday

Summit Hotel Properties (NYSE:INN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Summit Hotel Properties Price Performance

Shares of NYSE:INN opened at $6.37 on Wednesday. The stock has a market capitalization of $684.83 million, a price-to-earnings ratio of -23.57 and a beta of 1.94. Summit Hotel Properties has a one year low of $5.31 and a one year high of $7.26. The company has a 50-day simple moving average of $6.42 and a 200-day simple moving average of $6.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 0.80.

Summit Hotel Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, February 14th. Summit Hotel Properties’s dividend payout ratio (DPR) is currently -88.89%.

Analyst Ratings Changes

Separately, Wolfe Research assumed coverage on Summit Hotel Properties in a research report on Wednesday, January 10th. They issued a “peer perform” rating on the stock.

Summit Hotel Properties Company Profile

Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.