Summit Hotel Properties (NYSE:INN) Issues Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Summit Hotel Properties (NYSE:INN) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.30, Zacks reports. Summit Hotel Properties had a return on equity of 1.87% and a net margin of 3.41%. Summit Hotel Properties updated its FY 2025 guidance to 0.900-1.000 EPS.

Summit Hotel Properties Trading Up 0.7 %

Summit Hotel Properties stock traded up $0.05 during mid-day trading on Monday, hitting $6.37. The company’s stock had a trading volume of 706,427 shares, compared to its average volume of 584,295. The business has a 50 day moving average price of $6.70 and a 200-day moving average price of $6.61. Summit Hotel Properties has a 12 month low of $5.66 and a 12 month high of $7.22. The stock has a market cap of $690.08 million, a price-to-earnings ratio of 636.50, a price-to-earnings-growth ratio of 1.54 and a beta of 2.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78.

Summit Hotel Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, February 14th. Summit Hotel Properties’s payout ratio is presently 3,200.00%.

Summit Hotel Properties Company Profile

Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company’s portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.