Real Estate -
REIT - Hotel & Motel - NYSE - US
$ 6.67
-0.596 %
$ 723 M
Market Cap
133.4
P/E
1. INTRINSIC VALUE
Balance Sheet
Summit Hotel Properties, Inc.
| Current Assets | 166 M |
| Cash & Short-Term Investments | 51.8 M |
| Receivables | 21.3 M |
| Other Current Assets | 93.3 M |
| Non-Current Assets | 2.77 B |
| Long-Term Investments | 14 M |
| PP&E | 34.8 M |
| Other Non-Current Assets | 2.72 B |
| Current Liabilities | 286 M |
| Accounts Payable | 4.83 M |
| Short-Term Debt | 19.2 M |
| Other Current Liabilities | 262 M |
| Non-Current Liabilities | 1.26 B |
| Long-Term Debt | 1.44 B |
| Other Non-Current Liabilities | -183 M |
EFFICIENCY
Earnings Waterfall
Summit Hotel Properties, Inc.
| Revenue | 736 M |
| Cost Of Revenue | 478 M |
| Gross Profit | 258 M |
| Operating Expenses | 199 M |
| Operating Income | 58.8 M |
| Other Expenses | 68.3 M |
| Net Income | -9.49 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Summit Hotel Properties, Inc.
| Net Income | -9.49 M |
| Depreciation & Amortization | 151 M |
| Capital Expenditures | -89.6 M |
| Stock-Based Compensation | 7.74 M |
| Change in Working Capital | 672 K |
| Others | 5.09 M |
| Free Cash Flow | 64.1 M |
Wall Street Analysts Price Targets
Summit Hotel Properties, Inc.
INN has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.99%
DIVIDEND YIELD
0.08 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Summit Hotel Properties, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Mar 16, 2023
|
Bought
151 K USD
|
Stanner Jonathan P
President, CEO & Director
|
+ 21870
|
6.9 USD |
|
1 year ago
Mar 16, 2023
|
Bought
34.4 K USD
|
Taitz Hope S
Director
|
+ 5000
|
6.89 USD |
|
2 years ago
Nov 23, 2022
|
Sell 25.2 K
USD
|
Patel Mehulkumar Bhikhubhai
Director
|
- 3000
|
8.41 USD |
|
3 years ago
Nov 04, 2021
|
Sell 68.7 K
USD
|
Hansen Daniel P
Executive Chairman
|
- 6502
|
10.572 USD |
|
3 years ago
Nov 05, 2021
|
Sell 2.05 M
USD
|
Hansen Daniel P
Executive Chairman
|
- 193498
|
10.575 USD |
|
3 years ago
Aug 12, 2021
|
Sell 256 K
USD
|
Aniszewski Craig J
EVP and COO
|
- 28119
|
9.1213 USD |
|
3 years ago
Aug 13, 2021
|
Sell 153 K
USD
|
Aniszewski Craig J
EVP and COO
|
- 16881
|
9.07 USD |
|
3 years ago
Aug 11, 2021
|
Sell 3.16 M
USD
|
Hansen Daniel P
Executive Chairman
|
- 350000
|
9.0321 USD |
|
5 years ago
Sep 10, 2019
|
Sell 464 K
USD
|
Aniszewski Craig J
EVP and COO
|
- 40000
|
11.6 USD |
|
6 years ago
Nov 02, 2018
|
Bought
114 K USD
|
Hansen Daniel P
Chairman, President & CEO
|
+ 10000
|
11.35 USD |
|
7 years ago
Aug 10, 2017
|
Bought
11.6 K USD
|
Aniszewski Craig J
EVP & COO
|
+ 750
|
15.52 USD |
|
7 years ago
Aug 09, 2017
|
Bought
156 K USD
|
Hansen Daniel P
Chairman, President & CEO
|
+ 10000
|
15.5967 USD |
|
9 years ago
Aug 21, 2015
|
Bought
10.8 K USD
|
Aniszewski Craig J
EVP and COO
|
+ 885
|
12.25 USD |
|
9 years ago
Aug 13, 2015
|
Bought
9.88 K USD
|
Aniszewski Craig J
EVP and COO
|
+ 800
|
12.35 USD |
|
9 years ago
Aug 14, 2015
|
Bought
1.42 K USD
|
Dowell Greg A
EVP and CFO
|
+ 116
|
12.225 USD |
|
9 years ago
Aug 14, 2015
|
Bought
8.37 K USD
|
Dowell Greg A
EVP and CFO
|
+ 684
|
12.237 USD |
|
9 years ago
Aug 14, 2015
|
Bought
4.89 K USD
|
Dowell Greg A
EVP and CFO
|
+ 400
|
12.229 USD |
|
9 years ago
Aug 14, 2015
|
Bought
22 K USD
|
Dowell Greg A
EVP and CFO
|
+ 1800
|
12.239 USD |
|
9 years ago
Aug 14, 2015
|
Bought
24.4 K USD
|
Dowell Greg A
EVP and CFO
|
+ 2000
|
12.1999 USD |
|
9 years ago
Aug 14, 2015
|
Sell 24.4 K
USD
|
Dowell Greg A
EVP and CFO
|
- 2000
|
12.207 USD |
|
9 years ago
Aug 10, 2015
|
Bought
100 K USD
|
Storey Thomas W.
Director
|
+ 8000
|
12.51 USD |
|
9 years ago
Aug 12, 2015
|
Bought
30.6 K USD
|
Hansen Daniel P
President & CEO
|
+ 2511
|
12.2 USD |
|
9 years ago
Aug 12, 2015
|
Bought
15.8 K USD
|
Hansen Daniel P
President & CEO
|
+ 1300
|
12.19 USD |
|
9 years ago
Aug 12, 2015
|
Bought
2.44 K USD
|
Hansen Daniel P
President & CEO
|
+ 200
|
12.188 USD |
|
9 years ago
Aug 12, 2015
|
Bought
68.1 K USD
|
Hansen Daniel P
President & CEO
|
+ 5589
|
12.18 USD |
|
9 years ago
Aug 12, 2015
|
Bought
2.44 K USD
|
Hansen Daniel P
President & CEO
|
+ 200
|
12.178 USD |
|
9 years ago
Aug 12, 2015
|
Bought
2.44 K USD
|
Hansen Daniel P
President & CEO
|
+ 200
|
12.175 USD |
|
10 years ago
Sep 15, 2014
|
Bought
3.32 K USD
|
WIELGUS WAYNE
Director
|
+ 320
|
10.39 USD |
|
10 years ago
Sep 15, 2014
|
Bought
2.07 K USD
|
WIELGUS WAYNE
Director
|
+ 200
|
10.37 USD |
|
10 years ago
Sep 15, 2014
|
Bought
15.2 K USD
|
WIELGUS WAYNE
Director
|
+ 1480
|
10.28 USD |
|
10 years ago
Sep 12, 2014
|
Bought
31 K USD
|
WIELGUS WAYNE
Director
|
+ 3000
|
10.35 USD |
|
10 years ago
Sep 11, 2014
|
Bought
25.5 K USD
|
WIELGUS WAYNE
Director
|
+ 2400
|
10.62 USD |
|
10 years ago
Sep 11, 2014
|
Bought
10.6 K USD
|
WIELGUS WAYNE
Director
|
+ 1000
|
10.61 USD |
|
10 years ago
Sep 11, 2014
|
Bought
10.6 K USD
|
WIELGUS WAYNE
Director
|
+ 1000
|
10.6 USD |
|
10 years ago
Sep 11, 2014
|
Bought
6.35 K USD
|
WIELGUS WAYNE
Director
|
+ 600
|
10.59 USD |
|
11 years ago
Dec 10, 2013
|
Bought
10.5 K USD
|
Aniszewski Craig J
EVP and COO
|
+ 1190
|
8.83 USD |
|
11 years ago
Nov 14, 2013
|
Bought
88.3 K USD
|
Hansen Daniel P
President & CEO
|
+ 10000
|
8.83 USD |
|
11 years ago
Nov 08, 2013
|
Bought
87.9 K USD
|
WIELGUS WAYNE
Director
|
+ 10000
|
8.791 USD |
|
11 years ago
Jun 11, 2013
|
Bought
20 K USD
|
Aniszewski Craig J
EVP and COO
|
+ 2129
|
9.38 USD |
|
11 years ago
Mar 08, 2013
|
Bought
49.8 K USD
|
WIELGUS WAYNE
Director
|
+ 5000
|
9.97 USD |
|
12 years ago
Nov 19, 2012
|
Bought
195 K USD
|
Hester Troy L
Vice President & CAO
|
+ 23037
|
8.45 USD |
|
12 years ago
Nov 19, 2012
|
Bought
1.69 K USD
|
Hester Troy L
Vice President & CAO
|
+ 200
|
8.4486 USD |
|
12 years ago
Nov 19, 2012
|
Bought
1.69 K USD
|
Hester Troy L
Vice President & CAO
|
+ 200
|
8.44 USD |
|
12 years ago
Nov 19, 2012
|
Bought
5.04 K USD
|
Hester Troy L
Vice President & CAO
|
+ 598
|
8.43 USD |
|
12 years ago
Nov 19, 2012
|
Bought
3.92 K USD
|
Hester Troy L
Vice President & CAO
|
+ 465
|
8.42 USD |
|
12 years ago
Nov 19, 2012
|
Bought
4.18 K USD
|
Hester Troy L
Vice President & CAO
|
+ 500
|
8.35 USD |
|
12 years ago
Jun 12, 2012
|
Bought
2.48 K USD
|
Eng Christopher R.
VP, General Counsel & Sec.
|
+ 300
|
8.274 USD |
|
12 years ago
May 31, 2012
|
Bought
49.8 K USD
|
Storey Thomas W.
Director
|
+ 6250
|
7.97 USD |
|
12 years ago
Jun 04, 2012
|
Bought
43.3 K USD
|
Storey Thomas W.
Director
|
+ 1682
|
25.75 USD |
|
12 years ago
Jun 01, 2012
|
Bought
56.7 K USD
|
Storey Thomas W.
Director
|
+ 2201
|
25.75 USD |
|
12 years ago
May 18, 2012
|
Bought
23.2 K USD
|
WIELGUS WAYNE
Director
|
+ 3000
|
7.72 USD |
|
12 years ago
Mar 16, 2012
|
Bought
2.9 K USD
|
Hansen Daniel P
President & CEO
|
+ 380
|
7.62 USD |
|
12 years ago
Mar 16, 2012
|
Bought
419 USD
|
Hansen Daniel P
President & CEO
|
+ 55
|
7.61 USD |
|
12 years ago
Mar 16, 2012
|
Bought
11.4 K USD
|
Hansen Daniel P
President & CEO
|
+ 1500
|
7.6 USD |
|
12 years ago
Mar 16, 2012
|
Bought
760 USD
|
Hansen Daniel P
President & CEO
|
+ 100
|
7.595 USD |
|
12 years ago
Mar 16, 2012
|
Bought
8.35 K USD
|
Hansen Daniel P
President & CEO
|
+ 1100
|
7.59 USD |
|
12 years ago
Mar 16, 2012
|
Bought
9.85 K USD
|
Hansen Daniel P
President & CEO
|
+ 1300
|
7.58 USD |
|
12 years ago
Mar 16, 2012
|
Bought
1.74 K USD
|
Hansen Daniel P
President & CEO
|
+ 230
|
7.56 USD |
|
12 years ago
Mar 16, 2012
|
Bought
6.12 K USD
|
Hansen Daniel P
President & CEO
|
+ 810
|
7.55 USD |
|
12 years ago
Mar 16, 2012
|
Bought
4.94 K USD
|
Hansen Daniel P
President & CEO
|
+ 655
|
7.54 USD |
|
12 years ago
Mar 16, 2012
|
Bought
5.27 K USD
|
Hansen Daniel P
President & CEO
|
+ 700
|
7.535 USD |
|
12 years ago
Mar 16, 2012
|
Bought
17.1 K USD
|
Hansen Daniel P
President & CEO
|
+ 2270
|
7.53 USD |
|
12 years ago
Mar 16, 2012
|
Bought
1.5 K USD
|
Hansen Daniel P
President & CEO
|
+ 200
|
7.525 USD |
|
12 years ago
Mar 16, 2012
|
Bought
2.26 K USD
|
Hansen Daniel P
President & CEO
|
+ 300
|
7.52 USD |
|
12 years ago
Mar 16, 2012
|
Bought
3 K USD
|
Hansen Daniel P
President & CEO
|
+ 400
|
7.51 USD |
|
13 years ago
Aug 23, 2011
|
Bought
16.9 K USD
|
KAY DAVID S
Director
|
+ 2500
|
6.75 USD |
|
13 years ago
Aug 19, 2011
|
Bought
7.08 K USD
|
WIELGUS WAYNE
Director
|
+ 1000
|
7.08 USD |
|
13 years ago
Aug 18, 2011
|
Bought
7.92 K USD
|
WIELGUS WAYNE
Director
|
+ 1000
|
7.92 USD |
|
13 years ago
Aug 18, 2011
|
Bought
6.26 K USD
|
Storey Thomas W.
Director
|
+ 800
|
7.82 USD |
|
13 years ago
Aug 18, 2011
|
Bought
18.4 K USD
|
Storey Thomas W.
Director
|
+ 2350
|
7.84 USD |
|
13 years ago
Aug 18, 2011
|
Bought
2.43 K USD
|
Aniszewski Craig J
EVP and COO
|
+ 300
|
8.1 USD |
|
13 years ago
Aug 18, 2011
|
Bought
17.2 K USD
|
Aniszewski Craig J
EVP and COO
|
+ 2118
|
8.12 USD |
|
13 years ago
Aug 18, 2011
|
Bought
157 USD
|
Hansen Daniel P
President and CEO
|
+ 20
|
7.87 USD |
|
13 years ago
Aug 18, 2011
|
Bought
5.15 K USD
|
Hansen Daniel P
President and CEO
|
+ 621
|
8.3 USD |
|
13 years ago
Aug 18, 2011
|
Bought
829 USD
|
Hansen Daniel P
President and CEO
|
+ 100
|
8.29 USD |
|
13 years ago
Aug 18, 2011
|
Bought
1.65 K USD
|
Hansen Daniel P
President and CEO
|
+ 200
|
8.26 USD |
|
13 years ago
Aug 18, 2011
|
Bought
7.42 K USD
|
Hansen Daniel P
President and CEO
|
+ 900
|
8.25 USD |
|
13 years ago
Aug 18, 2011
|
Bought
50.6 K USD
|
Hansen Daniel P
President and CEO
|
+ 6159
|
8.22 USD |
|
13 years ago
Aug 18, 2011
|
Bought
1.64 K USD
|
Hansen Daniel P
President and CEO
|
+ 200
|
8.21 USD |
|
13 years ago
Aug 18, 2011
|
Bought
5.72 K USD
|
Hansen Daniel P
President and CEO
|
+ 700
|
8.17 USD |
|
13 years ago
Aug 18, 2011
|
Bought
7.32 K USD
|
Hansen Daniel P
President and CEO
|
+ 900
|
8.13 USD |
|
13 years ago
Aug 18, 2011
|
Bought
1.62 K USD
|
Hansen Daniel P
President and CEO
|
+ 200
|
8.12 USD |
|
13 years ago
Feb 09, 2011
|
Bought
48.8 K USD
|
WIELGUS WAYNE
Director
|
+ 5000
|
9.75 USD |
|
13 years ago
Feb 09, 2011
|
Bought
24.4 K USD
|
Becker Stuart J.
EVP, CFO & Treasurer
|
+ 2500
|
9.75 USD |
|
13 years ago
Feb 09, 2011
|
Bought
9.75 K USD
|
Sorum JoLynn M.
VP, Controller & Chief Acctg O
|
+ 1000
|
9.75 USD |
|
13 years ago
Feb 09, 2011
|
Bought
40 K USD
|
Storey Thomas W.
Director
|
+ 4100
|
9.75 USD |
|
13 years ago
Feb 09, 2011
|
Bought
4.88 K USD
|
Hanson Bjorn R.L.
Director
|
+ 500
|
9.75 USD |
|
13 years ago
Feb 09, 2011
|
Bought
1.95 K USD
|
Eng Christopher R.
VP, General Counsel & Sec.
|
+ 200
|
9.75 USD |
|
13 years ago
Feb 09, 2011
|
Bought
146 K USD
|
Hansen Daniel P
President and CEO
|
+ 15000
|
9.75 USD |
7. News
Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through GIC Joint Venture
AUSTIN, Texas , Dec. 10, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), through its joint venture with GIC, today announced that it is under contract to acquire the 250-guestroom Hampton Inn Boston - Logan Airport and the 149-guestroom Hilton Garden Inn Tysons Corner for a combined purchase price of $96.0 million, or $241,000 per key. The purchase price represents an 8.8% capitalization rate based on forecasted 2024 net operating income and no meaningful capital expenditures are planned prior to the fourth quarter of 2026.
prnewswire.com
- 1 month ago
Summit Hotel Properties, Inc. (INN) Q3 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel - EVP of Corporate Development Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3 2024 Earnings Conference Call.
seekingalpha.com
- 2 months ago
Summit Hotel Properties (INN) Q3 FFO and Revenues Beat Estimates
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.22 per share a year ago.
zacks.com
- 2 months ago
SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTS
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in several of our key markets.
prnewswire.com
- 2 months ago
Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield
I find Summit Hotel Properties' preferred shares attractive due to their strong dividend coverage and relatively stable risk profile despite the hospitality sector's volatility. The REIT's AFFO of $66M in H1 comfortably covers its capex and preferred dividends, indicating a safe dividend coverage ratio. Summit Hotel Properties' balance sheet is solid, with $2.87B in assets and a net debt position of $1.3B, ensuring preferred equity safety.
seekingalpha.com
- 2 months ago
SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2024 DIVIDENDS
AUSTIN, Texas , Oct. 24, 2024 /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 third quarter ended September 30, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.
prnewswire.com
- 2 months ago
Summit Hotel Properties (INN) Shows Fast-paced Momentum But Is Still a Bargain Stock
Summit Hotel Properties (INN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
zacks.com
- 3 months ago
Summit Hotel Properties, Inc. (INN) Hit a 52 Week High, Can the Run Continue?
Summit Hotel Properties (INN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
zacks.com
- 3 months ago
Are Investors Undervaluing Summit Hotel Properties (INN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
zacks.com
- 3 months ago
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATE
AUSTIN, Texas , Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes.
prnewswire.com
- 3 months ago
SUMMIT HOTEL PROPERTIES PUBLISHES 2024 CORPORATE RESPONSIBILITY REPORT
AUSTIN, Texas , Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders.
prnewswire.com
- 4 months ago
Here Is Why Bargain Hunters Would Love Fast-paced Mover Summit Hotel Properties (INN)
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Summit Hotel Properties (INN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
zacks.com
- 5 months ago
8. Profile
Summary
Summit Hotel Properties, Inc. INN
COUNTRY
US
INDUSTRY
REIT - Hotel & Motel
MARKET CAP
$ 723 M
Dividend Yield
1.99%
Description
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
Contact
13215 Bee Cave Parkway, Austin, TX, 78738
https://www.shpreit.com
IPO
Date
Feb. 9, 2011
Employees
78
Officers
Mr. Jonathan P. Stanner
President, Chief Executive Officer & Director
Mr. Christopher Russell Eng J.D.
Chief Risk Officer, Executive Vice President, General Counsel & Secretary
Mr. Adam Wudel
Senior Vice President of Finance & Capital Markets
Mr. William H. Conkling
Executive Vice President & Chief Financial Officer
Mr. Paul Ruiz CPA
Senior Vice President & Chief Accounting Officer