Summit Hotel Properties (NYSE:INN) Releases Earnings Results, Beats Expectations By $0.05 EPS

Summit Hotel Properties (NYSE:INN) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05, FiscalAI reports. Summit Hotel Properties had a negative net margin of 0.99% and a negative return on equity of 0.60%. The business had revenue of $199.02 million for the quarter, compared to the consensus estimate of $198.41 million. Summit Hotel Properties updated its FY 2026 guidance to 0.790-0.850 EPS.

Summit Hotel Properties Stock Down 2.8%

INN traded down $0.18 during trading on Friday, reaching $6.50. The company had a trading volume of 377,619 shares, compared to its average volume of 1,307,590. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.87 and a quick ratio of 0.87. Summit Hotel Properties has a 12 month low of $3.97 and a 12 month high of $7.17. The business’s fifty day moving average price is $6.57 and its 200 day moving average price is $5.36. The company has a market cap of $703.83 million, a P/E ratio of -28.24 and a beta of 1.26.

Summit Hotel Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, August 17th. Summit Hotel Properties’s dividend payout ratio (DPR) is -139.13%.

Institutional Investors Weigh In On Summit Hotel Properties

Large investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in shares of Summit Hotel Properties by 18.9% during the 3rd quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock worth $38,079,000 after purchasing an additional 1,102,102 shares during the last quarter. Invesco Ltd. lifted its stake in Summit Hotel Properties by 87.2% in the 4th quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock valued at $3,772,000 after purchasing an additional 360,800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Summit Hotel Properties by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock valued at $12,383,000 after purchasing an additional 279,823 shares during the last quarter. Jane Street Group LLC grew its holdings in Summit Hotel Properties by 275.3% during the fourth quarter. Jane Street Group LLC now owns 352,069 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 258,261 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Summit Hotel Properties during the fourth quarter worth about $1,205,000. Institutional investors own 96.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INN shares. Weiss Ratings raised shares of Summit Hotel Properties from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Raymond James Financial reissued an “outperform” rating and set a $7.00 price target on shares of Summit Hotel Properties in a research report on Monday, June 8th. Finally, Zacks Research raised shares of Summit Hotel Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.40.

About Summit Hotel Properties

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.