|Day Low/High||15.63 / 15.93|
|52 Wk Low/High||9.26 / 16.33|
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.
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.
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.
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?
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.
Looking for relatively safe 15% to 25% gains in the commercial real estate sector? Read on.
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.
Acquisition increases ARC Hospitality's current lodging portfolio to 142 hotels totaling 17,351 rooms across 32 states
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.
Investors in Summit Hotel Properties Inc saw new options become available this week, for the September 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly available 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.
On 11/12/15, 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 11/30/15. As a percentage of INN.
Acquisition increases ARC Hospitality's current lodging portfolio to 132 hotels totaling 16,014 rooms across 32 states