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. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
IPO Year: 2011
Exchange: NYSE
Website: shpreit.com
| 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 |
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G/A - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G/A - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G/A - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G/A - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G/A - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G/A - Summit Hotel Properties, Inc. (0001497645) (Subject)
SC 13G - Summit Hotel Properties, Inc. (0001497645) (Subject)
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
AUSTIN, Texas, Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders. "I am pleased to share the continued progress we made in advancing our Environmental, Social, and Governance (ESG) program and initiatives over the past year. We recognize that the ESG la
Net Income Increases to $30.8 Million for Second Quarter 2024 Adjusted EBITDAre Grows 6% to Reach All-Time Quarterly Record High of $55.9 Million Adjusted FFO Increases 10% to $0.29 per Share AUSTIN, Texas, July 29, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and six months ended June 30, 2024. "We are pleased with our strong second quarter financial results as year-over-year RevPAR growth of 3.4% in our pro forma portfolio exceeded the national average for the thirteenth consecutive quarter. Our top lin
AUSTIN, Texas, July 25, 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 second quarter ended June 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 second quarter common dividend represents an annualized dividend yield of 5.4 percent based on the closing price of shares of the common stock on July 24, 2024.
AUSTIN, Texas, June 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the second quarter of 2024 on Monday, July 29, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, July 30, 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 in th
Operating Income of $23.5 million for First Quarter 2024 Adjusted EBITDAre Grows 10% to $48.8 million; Adjusted FFO Increases 14% to $0.24 per Share Sale of Three Hotels for $84.0 Million Further Deleverages Balance Sheet Subsequent to Quarter End Common Dividend Increased 33% to Annualized $0.32 per Share AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three months ended March 31, 2024. "We are pleased with our strong first quarter financial results, highlighted by 10 percent Adjusted EBITDAr
AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 2, 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 in the
Operating Income of $58.8 Million for Full Year 2023 Adjusted EBITDAre Climbs 5.1 Percent to $190.0 Million; Adjusted FFO Per Share of $0.92 for Full Year 2023 Accretive Dispositions Continue with Sale of Two Additional Hotels New $200 Million Term Loan Financing Completed; No Significant Debt Maturities Until 2026 AUSTIN, Texas, Feb. 28, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the fourth quarter and full year ended December 31, 2023. "We are proud of the Company's many successes in 2023, led by RevPAR growth o
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
AUSTIN, Texas, Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders. "I am pleased to share the continued progress we made in advancing our Environmental, Social, and Governance (ESG) program and initiatives over the past year. We recognize that the ESG la
Net Income Increases to $30.8 Million for Second Quarter 2024 Adjusted EBITDAre Grows 6% to Reach All-Time Quarterly Record High of $55.9 Million Adjusted FFO Increases 10% to $0.29 per Share AUSTIN, Texas, July 29, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and six months ended June 30, 2024. "We are pleased with our strong second quarter financial results as year-over-year RevPAR growth of 3.4% in our pro forma portfolio exceeded the national average for the thirteenth consecutive quarter. Our top lin
AUSTIN, Texas, July 25, 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 second quarter ended June 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 second quarter common dividend represents an annualized dividend yield of 5.4 percent based on the closing price of shares of the common stock on July 24, 2024.
AUSTIN, Texas, June 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the second quarter of 2024 on Monday, July 29, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, July 30, 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 in th
Operating Income of $23.5 million for First Quarter 2024 Adjusted EBITDAre Grows 10% to $48.8 million; Adjusted FFO Increases 14% to $0.24 per Share Sale of Three Hotels for $84.0 Million Further Deleverages Balance Sheet Subsequent to Quarter End Common Dividend Increased 33% to Annualized $0.32 per Share AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three months ended March 31, 2024. "We are pleased with our strong first quarter financial results, highlighted by 10 percent Adjusted EBITDAr
AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 2, 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 in the
Operating Income of $58.8 Million for Full Year 2023 Adjusted EBITDAre Climbs 5.1 Percent to $190.0 Million; Adjusted FFO Per Share of $0.92 for Full Year 2023 Accretive Dispositions Continue with Sale of Two Additional Hotels New $200 Million Term Loan Financing Completed; No Significant Debt Maturities Until 2026 AUSTIN, Texas, Feb. 28, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the fourth quarter and full year ended December 31, 2023. "We are proud of the Company's many successes in 2023, led by RevPAR growth o
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
10-Q - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
S-8 - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
10-Q - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
DEFA14A - Summit Hotel Properties, Inc. (0001497645) (Filer)
DEF 14A - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
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
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
KeyBanc Capital Markets downgraded Summit Hotel from Overweight to Sector Weight
Keybanc reiterated coverage of Summit Hotel Properties with a rating of Overweight and set a new price target of $12.00 from $11.00 previously
B of A Securities downgraded Summit Hotel Properties from Buy to Underperform and set a new price target of $11.00 from $12.00 previously
Raymond James reiterated coverage of Summit Hotel Properties with a rating of Outperform and set a new price target of $10.50 from $11.50 previously
Raymond James reiterated coverage of Summit Hotel Properties with a rating of Outperform and set a new price target of $11.50 from $9.50 previously
Raymond James reiterated coverage of Summit Hotel Properties with a rating of Outperform and set a new price target of $11.50 from $9.50 previously
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
Summit Hotel Properties (NYSE:INN) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. The company reported quarterly sales of $177.44 million which beat the analyst consensus estimate of $176.54 million by 0.51 percent. This is a 2.96 percent increase over sales of $172.33 million the same period last year.
Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil
Wolfe Research analyst Keegan Carl initiates coverage on Summit Hotel Properties (NYSE:INN) with a Peer Perform rating.
Summit Hotel Properties (NYSE:INN) reported quarterly earnings of $0.22 per share. This is a 12 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $181.82 million which beat the analyst consensus estimate of $180.50 million by 0.73 percent. This is a 2.00 percent increase over sales of $178.25 million the same period last year.
Companies Reporting Before The Bell • GSK (NYSE:GSK) is expected to report quarterly earnings at $1.07 per share on revenue of $9.37 billion. • Ballys (NYSE:BALY) is estimated to report quarterly loss at $0.08 per share on revenue of $638.03 million. • Wingstop (NASDAQ:WING) is projected to report quarterly earnings at $0.51 per share on revenue of $108.72 million. • Seagen (NASDAQ:SGEN) is projected to report quarterly earnings at $0.80 per share on revenue of $634.14 million. • TG Therapeutics (NASDAQ:TGTX) is expected to report quarterly earnings at $0.12 per share on revenue of $46.56 million. • Mastech Digital (AMEX:MHH) is likely to report quarterly earnings at $0.13 per share on