Summit Hotel Properties Sees FY24 Adj. FFO $0.90-$1.00 Vs $0.92 Est.
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Summit Hotel Properties Sees FY24 Adj. FFO $0.90-$1.00 Vs $0.92 Est.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2024 | Peer Perform | Wolfe Research | |
| 1/12/2023 | $8.00 | Outperform → Neutral | Robert W. Baird |
| 9/15/2022 | $14.00 → $10.00 | Overweight → Equal Weight | CapitalOne |
| 7/14/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/13/2022 | $11.00 → $12.00 | Overweight | Keybanc |
| 9/27/2021 | $12.00 → $11.00 | Buy → Underperform | B of A Securities |
| 8/13/2021 | $11.50 → $10.50 | Outperform | Raymond James |
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in severa
AUSTIN, Texas, Oct. 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.
AUSTIN, Texas, Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, November 5, 2024, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available
Summit Hotel Properties (NYSE:INN) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.20 by 20 percent. This is a 9.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $188.142 million which beat the analyst consensus estimate of $184.847 million by 1.78 percent. This is a 3.16 percent increase over sales of $182.383 million the same period last year.
U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Monday. Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) fell sharply in today's pre-market trading after the company disclosed it estimates it could have to pay up to €1.3 billion related to its Postbank litigation. Deutsche Bank shares dipped 7.4% to $16.46 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. Allego N.V. (NASDAQ:ALLG) shares declined 10% to $1.08 in pre-market trading. Daqo New Energy Corp (NYSE:DQ) shares declined 6.5% to $22.20 in pre-market trading after the company missed first-quarter EPS and sales estimates
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in severa
AUSTIN, Texas, Oct. 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.
AUSTIN, Texas, Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, November 5, 2024, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
10-Q - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
Wolfe Research initiated coverage of Summit Hotel with a rating of Peer Perform
Robert W. Baird downgraded Summit Hotel from Outperform to Neutral and set a new price target of $8.00
CapitalOne downgraded Summit Hotel from Overweight to Equal Weight and set a new price target of $10.00 from $14.00 previously
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
AUSTIN, Texas, Jan. 31, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) ("Summit" or the "Company") today announced that Craig J. Aniszewski, its Executive Vice President and Chief Operating Officer, plans to retire from the Company on March 1, 2022. In his 25 years with Summit and its predecessor, Mr. Aniszewski has been integral to the Company's success through his leadership of Summit's operations, design and construction functions. Jonathan P. Stanner, the Company's President and Chief Executive Officer, noted, "I want to sincerely thank Craig for his trem
AUSTIN, Texas, Dec. 7, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that Dan Hansen will retire from his role as the Company's Executive Chairman effective December 31, 2021. Mr. Hansen will continue to serve on the Company's Board of Directors for the remaining term of his current nomination through the 2022 annual meeting of stockholders. Jeff Jones, currently the Company's Lead Independent Director, will assume the role of Non-Executive Chairman of the Board effective January 1, 2022. "It has been a tremendous privilege to
AUSTIN, Texas, April 13, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced Ms. Amina Belouizdad will be appointed to the Company's Board of Directors (the "Board") effective May 13, 2021 following the annual meeting of the Company's stockholders. With the appointment, the Company's Board will increase to eight members, six of whom being independent, including Ms. Belouizdad. Ms. Belouizdad will sit on the Board's Nominating and Corporate Governance and Compensation Committees. "On behalf of the Board of Directors and the Summit exec