Summit Hotel Properties (NYSE:INN) Issues Quarterly Earnings Results

Summit Hotel Properties (NYSE:INN) released its earnings results on Monday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating 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 Performance

Shares of INN stock traded up $0.05 during mid-day trading on Monday, hitting $6.37. The stock had a trading volume of 706,427 shares, compared to its average volume of 584,324. Summit Hotel Properties has a fifty-two week low of $5.66 and a fifty-two week high of $7.22. 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 company’s 50-day simple moving average is $6.70 and its 200-day simple moving average is $6.61. The firm has a market cap of $690.08 million, a PE ratio of 636.50, a PEG ratio of 1.54 and a beta of 2.02.

Summit Hotel Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.03%. Summit Hotel Properties’s payout ratio 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.