Summit Hotel Properties (NYSE:INN) is scheduled to be releasing its earnings data after the market closes on Wednesday, February 21st. Analysts expect Summit Hotel Properties to post earnings of $0.05 per share for the quarter.
Shares of Summit Hotel Properties (INN) opened at $14.39 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1,500.00, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Summit Hotel Properties has a twelve month low of $13.94 and a twelve month high of $19.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.72 dividend on an annualized basis and a yield of 5.00%. This is an increase from Summit Hotel Properties’s previous quarterly dividend of $0.17. Summit Hotel Properties’s payout ratio is currently 82.93%.
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About Summit Hotel Properties
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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