Summit Hotel Properties (NYSE:INN) Announces Earnings Results

Summit Hotel Properties (NYSE:INN) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.30, Zacks reports. Summit Hotel Properties had a return on equity of 1.87% and a net margin of 3.41%. Summit Hotel Properties updated its FY 2025 guidance to 0.900-1.000 EPS.

Summit Hotel Properties Stock Up 0.7 %

INN traded up $0.05 on Monday, hitting $6.37. The company had a trading volume of 706,427 shares, compared to its average volume of 584,295. Summit Hotel Properties has a 52-week low of $5.66 and a 52-week high of $7.22. The stock has a fifty day simple moving average of $6.70 and a 200-day simple moving average of $6.61. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $690.08 million, a P/E ratio of 636.50, a P/E/G ratio of 1.54 and a beta of 2.02.

Summit Hotel Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 5.03%. The ex-dividend date is Friday, February 14th. Summit Hotel Properties’s dividend payout ratio (DPR) is currently 3,200.00%.

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.