Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Summit Hotel Properties (INN) Share Price
Media coverage about Summit Hotel Properties (NYSE:INN) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Hotel Properties earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.1760516182882 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts recently commented on INN shares. KeyCorp reaffirmed a “hold” rating on shares of Summit Hotel Properties in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of Summit Hotel Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Raymond James Financial raised shares of Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 target price on the stock in a research report on Monday, October 30th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $17.00 target price on shares of Summit Hotel Properties in a research report on Monday, November 20th. Finally, Janney Montgomery Scott downgraded shares of Summit Hotel Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.50.
Summit Hotel Properties (NYSE INN) opened at $15.01 on Friday. Summit Hotel Properties has a 52-week low of $14.23 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $1,570.00, a price-to-earnings ratio of 11.14 and a beta of 1.18.
Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Summit Hotel Properties had a net margin of 20.21% and a return on equity of 8.96%. The company had revenue of $136.60 million for the quarter, compared to the consensus estimate of $135.69 million. During the same period last year, the firm posted $0.37 EPS. Summit Hotel Properties’s revenue for the quarter was up 15.5% on a year-over-year basis. equities analysts anticipate that Summit Hotel Properties will post 1.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Wednesday, November 15th. Summit Hotel Properties’s payout ratio is currently 82.93%.
Summit Hotel Properties Company Profile
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 79 hotels with a total of 11,590 guestrooms located in 24 states.
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