Summit Hotel Properties (INN) to Release Earnings on Wednesday

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%.

A number of research firms have issued reports on INN. Zacks Investment Research raised shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Raymond James Financial raised shares of Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 price objective for the company in a report on Monday, October 30th. KeyCorp set a $17.00 price objective on shares of Summit Hotel Properties and gave the company a “buy” rating in a report on Sunday, October 29th. Janney Montgomery Scott downgraded shares of Summit Hotel Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $17.00 price objective on shares of Summit Hotel Properties in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.50.

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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.

Earnings History for Summit Hotel Properties (NYSE:INN)

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