Summit Hotel Properties Inc. (INN)

12.33
0.31 2.45
NYSE : Finance
Prev Close 12.64
Open 12.60
Day Low/High 12.29 / 12.61
52 Wk Low/High 12.29 / 16.39
Volume 593.65K
Avg Volume 475.80K
Exchange NYSE
Shares Outstanding 104.74M
Market Cap 1.30B
EPS 0.80
P/E Ratio 24.78
Div & Yield 0.72 (5.74%)

Latest News

Summit Hotel Properties Acquires Residence Inn By Marriott Boston Watertown

Summit Hotel Properties Acquires Residence Inn By Marriott Boston Watertown

Capital Recycling Continues With the Sale of the Hyatt Place Fort Myers/at the Forum

Summit Hotel Properties Reports Second Quarter 2018 Results

Summit Hotel Properties Reports Second Quarter 2018 Results

Net Income increases to $33.9 million

Summit Hotel Properties Declares Second Quarter 2018 Dividends

Summit Hotel Properties Declares Second Quarter 2018 Dividends

AUSTIN, Texas, July 30, 2018 /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, 2018,...

Summit Hotel Properties Announces Second Quarter 2018 Earnings Release Date

Summit Hotel Properties Announces Second Quarter 2018 Earnings Release Date

AUSTIN, Texas, July 5, 2018 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2018 on Wednesday, August 1, 2018, after the market closes.

Summit Hotel Properties Announces Grand Opening Of Hyatt House Across From Orlando Universal Resort™

Summit Hotel Properties Announces Grand Opening Of Hyatt House Across From Orlando Universal Resort™

AUSTIN, Texas, June 27, 2018 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced the grand opening of the 168-guestroom Hyatt House Across From Orlando Universal Resort™.

Summit Hotel Properties Chairman & CEO Daniel P. Hansen Receives EY Entrepreneur Of The Year® 2018 Award

Summit Hotel Properties Chairman & CEO Daniel P. Hansen Receives EY Entrepreneur Of The Year® 2018 Award

AUSTIN, Texas, June 13, 2018 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit"), announced today that its Chairman, President and Chief Executive Officer Daniel P.

First Week of February 2018 Options Trading For Summit Hotel Properties (INN)

First Week of February 2018 Options Trading For Summit Hotel Properties (INN)

Investors in Summit Hotel Properties Inc saw new options begin trading this week, for the February 2018 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the INN options chain for the new February 2018 contracts and identified the following put contract of particular interest.

Short Interest In Summit Hotel Properties Increases 40%

Short Interest In Summit Hotel Properties Increases 40%

The most recent short interest data has been released for the 11/15/2017 settlement date, which shows a 1,635,562 share increase in total short interest for Summit Hotel Properties Inc , to 5,725,596, an increase of 39.99% since 10/31/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

INN: Insiders vs. Shorts

INN: Insiders vs. Shorts

The most recent short interest data was recently released for the 10/31/2017 settlement date, and Summit Hotel Properties Inc is one of the most shorted stocks of the Russell 3000, based on 6.03 "days to cover" versus the median component at 5.18. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.

Short Interest In Summit Hotel Properties Increases 17%

Short Interest In Summit Hotel Properties Increases 17%

The most recent short interest data has been released for the 10/13/2017 settlement date, which shows a 521,644 share increase in total short interest for Summit Hotel Properties Inc , to 3,609,424.0, an increase of 16.89% since 09/29/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

First Week Of June 2018 Options Trading For Summit Hotel Properties (INN)

First Week Of June 2018 Options Trading For Summit Hotel Properties (INN)

Investors in Summit Hotel Properties Inc saw new options begin trading this week, for the June 2018 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 234 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

INN Crosses Above Average Analyst Target

In recent trading, shares of Summit Hotel Properties Inc have crossed above the average analyst 12-month target price of $17.67, changing hands for $17.95/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Short Interest Decreases By 39% For INN

The most recent short interest data has been released for the 05/15/2017 settlement date, which shows a 1,132,598 share decrease in total short interest for Summit Hotel Properties Inc , to 1,770,557, a decrease of 39.01% since 04/28/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

First Week of December 15th Options Trading For Summit Hotel Properties (INN)

Investors in Summit Hotel Properties Inc saw new options become available this week, for the December 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 207 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

Interesting INN Put Options For May 19th

Investors in Summit Hotel Properties Inc saw new options become available this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the INN options chain for the new May 19th contracts and identified the following put contract of particular interest.

Pebblebrook Hotel Trust Is a Great Stock to Buy Right Now

Pebblebrook Hotel Trust Is a Great Stock to Buy Right Now

This hotel REIT should be attractive to income investors.

INN Crosses Above Average Analyst Target

In recent trading, shares of Summit Hotel Properties Inc have crossed above the average analyst 12-month target price of $16.29, changing hands for $16.36/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Short Interest In Summit Hotel Properties Moves 18.5% Lower

Short Interest In Summit Hotel Properties Moves 18.5% Lower

The most recent short interest data has been released for the 11/30/2016 settlement date, which shows a 597,293 share decrease in total short interest for Summit Hotel Properties Inc , to 2,634,803, a decrease of 18.48% since 11/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

INN Crosses Above Average Analyst Target

INN Crosses Above Average Analyst Target

In recent trading, shares of Summit Hotel Properties Inc have crossed above the average analyst 12-month target price of $14.79, changing hands for $14.81/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Short Interest Increases 10.2% For INN

Short Interest Increases 10.2% For INN

The most recent short interest data has been released for the 10/31/2016 settlement date, which shows a 262,415 share increase in total short interest for Summit Hotel Properties Inc , to 2,823,262, an increase of 10.25% since 10/14/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

November 18th Options Now Available For Summit Hotel Properties (INN)

November 18th Options Now Available For Summit Hotel Properties (INN)

Investors in Summit Hotel Properties Inc saw new options become available today, for the November 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the INN options chain for the new November 18th contracts and identified the following put contract of particular interest.

Why It Might Be Time to Start Checking Out of Hotel Stocks

Why It Might Be Time to Start Checking Out of Hotel Stocks

Experts see global terrorism,the Zika virus and weak corporate earnings growth hitting the lodging sector hard in the next two years. Is it time to check out of hotel stocks?

Ex-Div Reminder for Summit Hotel Properties Series C Cumulative Redeemable Preferred Stock

Ex-Div Reminder for Summit Hotel Properties Series C Cumulative Redeemable Preferred Stock

On 8/12/16, Summit Hotel Properties Inc's 7.125% Series C Cumulative Redeemable Preferred Stock will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 8/31/16. As a percentage of INN.

These 2 Under-the-Radar REITs Are Bargains Based on Total Returns

These 2 Under-the-Radar REITs Are Bargains Based on Total Returns

Looking for relatively safe 15% to 25% gains in the commercial real estate sector? Read on.

Summit Hotels Is an Undervalued Yield Play

Some REITs are still relative bargains.

Summit Hotel Properties' Series C Preferred Stock Shares Cross 7% Yield Mark

Summit Hotel Properties' Series C Preferred Stock Shares Cross 7% Yield Mark

In trading on Tuesday, shares of Summit Hotel Properties Inc's 7.125% Series C Cumulative Redeemable Preferred Stock were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $25.00 on the day. This compares to an average yield of 7.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

Cash Dividend On The Way From Summit Hotel Properties Series A Cumulative Redeemable Preferred Stock

Cash Dividend On The Way From Summit Hotel Properties Series A Cumulative Redeemable Preferred Stock

On 2/11/16, Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock will trade ex-dividend, for its quarterly dividend of $0.5781, payable on 2/29/16. As a percentage of INN.

TheStreet Quant Rating: B (Buy)