INN - Summit Hotel Properties Inc Stock Price, Fair Value and News

6.06USD-0.01 (-0.16%)Delayed as of 17 May 2024, 11:48 am ET

Market Summary

USD6.06-0.01

Delayedas of 17 May 2024, 11:48 am

-0.16%

INN Alerts

Big jump in Earnings (Y/Y)

INN Stock Price

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INN RSI Chart

INN Valuation

Market Cap

656.7M

Price/Earnings (Trailing)

-28.17

Price/Sales (Trailing)

0.89

EV/EBITDA

9.32

Price/Free Cashflow

4.38

INN Price/Sales (Trailing)

INN Profitability

Operating Margin

56.11%

EBT Margin

-2.67%

Return on Equity

-1.73%

Return on Assets

-0.79%

Free Cashflow Yield

22.81%

INN Fundamentals

INN Revenue

Revenue (TTM)

741.9M

Rev. Growth (Yr)

3.16%

Rev. Growth (Qtr)

6.03%

INN Earnings

Earnings (TTM)

-23.3M

Earnings Growth (Yr)

243.81%

Earnings Growth (Qtr)

113.32%

Breaking Down INN Revenue

52 Week Range

5.407.26

(Low)(High)

Last 7 days

-1.0%

Last 30 days

-4.4%

Last 90 days

-6.6%

Trailing 12 Months

-11.4%

How does INN drawdown profile look like?

INN Financial Health

Debt/Equity

1.08

Debt/Cashflow

0.1

INN Investor Care

Dividend Yield

3.62%

Dividend/Share (TTM)

0.22

Shares Dilution (1Y)

0.67%

Diluted EPS (TTM)

-0.24

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	741.9M	0	0	0
2023	716.2M	727.5M	731.0M	736.1M
2022	445.9M	542.7M	610.2M	675.7M
2021	183.9M	245.0M	303.3M	361.9M
2020	518.8M	401.3M	320.0M	234.5M
2019	566.0M	556.7M	548.1M	549.3M
2018	537.6M	560.8M	566.5M	567.3M
2017	473.8M	475.7M	494.0M	515.4M
2016	473.9M	480.4M	473.7M	473.9M
2015	421.6M	436.7M	452.6M	463.5M
2014	328.8M	355.2M	382.3M	403.5M
2013	187.5M	227.0M	266.1M	299.0M
2012	144.4M	147.1M	150.2M	161.7M
2011	124.2M	115.3M	110.8M	106.4M
2010	0	123.7M	126.1M	128.6M
2009	0	0	0	121.2M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Summit Hotel Properties Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	conkling william higgins	sold (taxes)	-	-	-20,404	evp & chief financial officer
Mar 22, 2024	ruiz paul	sold (taxes)	-	-	-9,735	svp & chief accounting officer
Mar 22, 2024	stanner jonathan p	sold (taxes)	-	-	-63,881	president, ceo & director
Mar 22, 2024	stanner jonathan p	back to issuer	-	-	-145,915	president, ceo & director
Mar 22, 2024	eng christopher r.	back to issuer	-	-	-26,264	see remarks
Mar 22, 2024	conkling william higgins	back to issuer	-	-	-64,202	evp & chief financial officer
Mar 22, 2024	eng christopher r.	sold (taxes)	-	-	-8,397	see remarks
Mar 22, 2024	ruiz paul	back to issuer	-	-	-23,347	svp & chief accounting officer
Mar 08, 2024	ruiz paul	acquired	-	-	29,630	svp & chief accounting officer
Mar 08, 2024	eng christopher r.	acquired	-	-	46,296	see remarks

Which funds bought or sold INN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Brevan Howard Capital Management LP	added	13.45	23,017	255,368	-%
May 15, 2024	MARSHALL WACE, LLP	new	-	616,634	616,634	-%
May 15, 2024	Mariner, LLC	reduced	-2.15	-6,230	113,430	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	reduced	-9.83	-74,000	515,000	-%
May 15, 2024	Voya Investment Management LLC	added	3.11	-4,162	3,855,240	-%
May 15, 2024	Man Group plc	new	-	193,321	193,321	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	8.29	20,000	429,000	-%
May 15, 2024	DARK FOREST CAPITAL MANAGEMENT LP	new	-	78,231	78,231	0.01%
May 15, 2024	SYSTEMATIC FINANCIAL MANAGEMENT LP	added	0.87	-143,963	6,159,260	0.17%
May 15, 2024	Engineers Gate Manager LP	reduced	-54.2	-187,431	149,476	-%

Are Funds Buying or Selling INN?

Are funds buying INN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own INN

No. of Funds

INN Alerts

Big jump in Earnings (Y/Y)

Unveiling Summit Hotel Properties Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	prudential financial inc	4.91%	0	SC 13G/A
Feb 13, 2024	vanguard group inc	13.66%	14,691,296	SC 13G/A
Feb 08, 2024	jennison associates llc	4.6%	4,977,915	SC 13G/A
Jan 30, 2024	state street corp	6.51%	6,999,270	SC 13G/A
Jan 25, 2024	jpmorgan chase & co	5.8%	6,656,890	SC 13G/A
Jan 25, 2024	jpmorgan chase & co	5.8%	6,656,890	SC 13G/A
Jan 19, 2024	blackrock inc.	19.6%	21,046,483	SC 13G/A
Feb 13, 2023	prudential financial inc	6.53%	0	SC 13G
Feb 10, 2023	state street corp	6.62%	7,078,138	SC 13G/A
Feb 09, 2023	vanguard group inc	14.27%	15,253,705	SC 13G/A

Recent SEC filings of Summit Hotel Properties Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 03, 2024	DEF 14A	DEF 14A
Apr 03, 2024	DEFA14A	DEFA14A
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading

Peers (Alternatives to Summit Hotel Properties Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	91.0B	11.2B	13.18%	0.07%	46.11	8.12	3.63%	50.79%
CCI	45.2B	6.8B	10.71%	-9.11%	32.41	6.6	-2.39%	-16.60%
AVB	28.2B	2.8B	10.69%	11.82%	29.49	10.04	5.72%	-6.47%
ARE	21.7B	3.0B	6.06%	4.24%	110.53	7.35	10.44%	-73.79%
AMH	13.4B	-	5.08%	7.08%	31.6	8.22	8.93%	11.87%
REG	11.1B	1.4B	5.53%	2.30%	29.74	8.12	10.48%	-2.93%
BXP	10.0B	3.3B	9.78%	29.48%	52	3.02	4.82%	-75.15%
MID-CAP
FRT	8.4B	1.2B	5.38%	12.34%	35.36	7.33	5.48%	-38.69%
MAC	3.5B	878.0M	1.84%	69.62%	-10.13	3.95	2.35%	-290.60%
SLG	3.4B	892.3M	10.04%	147.14%	-6.73	3.86	-5.33%	-307.54%
SMALL-CAP
AAT	1.4B	444.1M	11.94%	21.68%	20.22	3.12	3.54%	8.91%
AIV	1.2B	198.2M	6.91%	0.60%	-7.62	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.43%	4.37%	36.67	1.73	27.93%	140.31%
NYMT	576.6M	285.4M	-6.09%	-35.38%	-4.18	2.02	11.05%	83.70%
IVR	459.0M	277.2M	16.05%	-12.07%	-55.97	1.66	25.89%	94.64%

Summit Hotel Properties Inc News

Latest updates

Summit Hotel Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	6.0%	188	177	182	194	182	172	178	183	142	107	111	87.00	58.00	48.00	52.00	25.00	108	134	134	143	139
Costs and Expenses	-6.9%	165	177	165	171	164	165	161	161	141	108	106	98.00	83.00	83.00	79.00	68.00	114	122	114	119	120
S&GA Expenses	-100.0%	-	7.00	8.00	9.00	8.00	7.00	7.00	8.00	9.00	11.00	6.00	7.00	6.00	6.00	5.00	5.00	5.00	6.00	6.00	6.00	6.00
EBITDA Margin	2.1%	0.29*	0.29*	0.30*	0.30*	0.33*	0.33*	0.33*	0.33*	0.26*	0.23*	0.16*	0.07*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.2%	22.00	22.00	22.00	22.00	21.00	19.00	18.00	15.00	13.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	9.00	10.00	11.00
Income Taxes	-80.7%	0.00	1.00	1.00	1.00	-0.50	-1.01	0.00	6.00	-2.00	0.00	1.00	0.00	0.00	-0.23	-0.10	-0.25	2.00	0.00	-0.02	1.00	0.00
Earnings Before Taxes	115.1%	3.00	-20.15	-4.41	2.00	-2.44	-13.12	-0.83	30.00	-10.97	-10.51	-3.54	-20.29	-32.77	-44.92	-35.91	-52.79	-14.25	9.00	12.00	50.00	13.00
EBT Margin	22.3%	-0.03*	-0.03*	-0.03*	-0.02*	0.02*	0.01*	0.01*	0.01*	-0.10*	-0.19*	-0.33*	-0.55*	-	-	-	-	-	-	-	-	-
Net Income	113.3%	3.00	-21.27	-5.77	1.00	-1.97	-12.08	-1.04	23.00	-8.97	-11.01	-4.24	-20.57	-31.36	-43.05	-34.55	-50.42	-15.32	9.00	12.00	49.00	13.00
Net Income Margin	17.7%	-0.03*	-0.04*	-0.03*	-0.02*	0.01*	0.00*	0.00*	0.00*	-0.10*	-0.19*	-0.33*	-0.53*	-	-	-	-	-	-	-	-	-
Free Cashflow	-7.6%	28.00	30.00	44.00	47.00	32.00	34.00	49.00	61.00	26.00	16.00	35.00	18.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.7%	2,961	2,939	3,015	3,034	3,028	3,022	3,076	3,125	3,107	2,265	2,248	2,231	2,221	2,233	2,275	2,381	2,423	2,356	2,149	2,123	2,230
Cash Equivalents	91.2%	72.00	38.00	55.00	58.00	61.00	51.00	73.00	110	82.00	64.00	85.00	78.00	47.00	39.00	57.00	143	160	70.00	76.00	76.00	71.00
Liabilities	1.5%	1,566	1,543	1,570	1,571	1,585	1,564	1,595	1,639	1,585	1,158	1,149	1,166	1,220	1,181	1,179	1,249	1,236	1,112	952	926	1,052
Long Term Debt	1.5%	1,452	1,431	1,445	1,451	1,467	1,452	1,468	1,524	1,482	1,070	1,057	1,079	1,140	1,095	1,084	1,159	1,135	1,016	844	829	26.00
Shareholder's Equity	47.5%	1,344	911	942	1,412	1,393	960	1,431	1,435	1,471	1,107	1,100	1,066	1,001	1,052	1,096	1,132	1,187	1,243	1,197	1,197	1,178
Retained Earnings	-2.5%	-348	-339	-316	-304	-297	-288	-271	-267	-275	-262	-247	-236	-214	-179	-132	-93.99	-39.87	-2.28	11.00	22.00	-4.24
Additional Paid-In Capital	0.1%	1,240	1,239	1,237	1,235	1,232	1,232	1,231	1,230	1,230	1,225	1,221	1,195	1,176	1,197	1,196	1,194	1,192	1,191	1,190	1,188	1,186
Shares Outstanding	0.6%	108	108	108	108	107	107	107	107	107	106	106	106	-	-	-	-	-	-	-	-	-
Minority Interest	0.3%	436	435	453	463	446	448	455	470	-	159	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	683	-	-	-	759	-	-	-	962	-	-	-	612	-	-	-	1,183	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-7.6%	28,150	30,474	44,113	47,048	32,006	33,934	48,778	61,398	25,505	15,762	35,459	17,997	-3,167	-20,661	-560	-28,137	7,306	28,864	44,314	45,060	30,240
Share Based Compensation	1.0%	1,848	1,829	1,867	2,578	1,468	1,376	1,230	2,142	3,698	4,820	1,892	2,400	1,569	1,518	1,517	1,966	1,475	1,453	1,450	1,964	1,352
Cashflow From Investing	43.3%	-9,986	-17,623	-23,605	-35,322	-25,408	-33,108	-22,641	50,054	-284,818	-22,364	-39,338	-6,299	-6,243	-3,355	-6,320	-8,315	-12,720	-238,963	-49,629	116,744	-10,316
Cashflow From Financing	120.3%	6,419	-31,658	-24,342	-13,148	3,425	-30,263	-80,952	-80,625	277,602	18,375	10,878	19,086	17,902	6,305	-79,725	19,800	95,445	204,022	5,363	-156,881	-21,541
Dividend Payments	-100.0%	-	7,349	7,349	7,343	4,904	4,874	5,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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INN Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 188,142	$ 182,383
Expenses:
Property taxes, insurance and other	14,285	14,724
Depreciation and amortization	36,799	36,908
Corporate general and administrative	8,311	8,005
Recoveries of credit losses	0	(250)
Total expenses	164,728	164,181
Gain on disposal of assets, net	75	0
Operating income	23,489	18,202
Other income (expense):
Interest expense	(21,582)	(20,909)
Interest income	458	306
Other income (loss), net	685	(41)
Total other expense, net	(20,439)	(20,644)
Income (loss) from continuing operations before income taxes	3,050	(2,442)
Income tax (expense) benefit (Note 13)	(217)	472
Net income (loss)	2,833	(1,970)
Less - (Income) loss attributable to non-controlling interests	(322)	1,369
Net income (loss) attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions	2,511	(601)
Less - Distributions to and accretion of redeemable non-controlling interests	(657)	(657)
Less - Preferred dividends	(3,970)	(3,970)
Net loss attributable to common stockholders, basic	(2,116)	(5,228)
Net loss attributable to common stockholders, diluted	$ (2,116)	$ (5,228)
Loss per share:
Basic (in dollars per share)	$ (0.02)	$ (0.05)
Diluted (in dollars per share)	$ (0.02)	$ (0.05)
Weighted-average common shares outstanding:
Basic (in shares)	105,720	105,312
Diluted (in shares)	105,720	105,312
Room
Revenues:
Total revenues	$ 167,431	$ 163,089
Expenses:
Cost of goods and services sold	35,973	35,909
Food and beverage
Revenues:
Total revenues	10,833	10,630
Expenses:
Cost of goods and services sold	8,202	7,955
Other
Revenues:
Total revenues	9,878	8,664
Expenses:
Cost of goods and services sold	56,261	56,125
Management fees
Expenses:
Cost of goods and services sold	$ 4,897	$ 4,805

INN Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Investments in lodging property, net	$ 2,715,009	$ 2,729,049
Investment in lodging property under development	2,364	1,451
Assets held for sale, net	64,019	73,740
Cash and cash equivalents	63,435	37,837
Restricted cash	8,916	9,931
Right-of-use assets, net	34,244	34,814
Trade receivables, net	27,985	21,348
Prepaid expenses and other	17,183	8,865
Deferred charges, net	6,495	6,659
Other assets	21,182	15,554
Total assets	2,960,832	2,939,248
Liabilities:
Debt, net of debt issuance costs	1,452,002	1,430,668
Lease liabilities, net	25,413	25,842
Accounts payable	7,303	4,827
Accrued expenses and other	81,719	81,215
Total liabilities	1,566,437	1,542,552
Commitments and contingencies (Note 11)	0	0
Redeemable non-controlling interests	50,219	50,219
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Common stock, $0.01 par value per share, 500,000,000 shares authorized, 108,198,141 and 107,593,373 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	1,082	1,076
Additional paid-in capital	1,239,905	1,238,896
Accumulated other comprehensive income	14,969	10,967
Accumulated deficit and distributions in excess of retained earnings	(348,302)	(339,848)
Total stockholders’ equity	907,758	911,195
Non-controlling interests	436,418	435,282
Total equity	1,344,176	1,346,477
Total liabilities, redeemable non-controlling interests and equity	2,960,832	2,939,248
6.25% Series E Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	64	64
5.875% Series F Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	$ 40	$ 40

About Summit Hotel Properties Inc

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 August 2, 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.

CEO	Mr. Jonathan P. Stanner
WEBSITE	shpreit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	74

Summit Hotel Properties Inc Frequently Asked Questions

What is the ticker symbol for Summit Hotel Properties Inc? What does INN stand for in stocks?

INN is the stock ticker symbol of Summit Hotel Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Summit Hotel Properties Inc (INN)?

As of Thu May 16 2024, market cap of Summit Hotel Properties Inc is 656.73 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of INN stock?

You can check INN's fair value in chart for subscribers.

What is the fair value of INN stock?

You can check INN's fair value in chart for subscribers. The fair value of Summit Hotel Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Summit Hotel Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for INN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Summit Hotel Properties Inc a good stock to buy?

The fair value guage provides a quick view whether INN is over valued or under valued. Whether Summit Hotel Properties Inc is cheap or expensive depends on the assumptions which impact Summit Hotel Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for INN.

What is Summit Hotel Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, INN's PE ratio (Price to Earnings) is -28.17 and Price to Sales (PS) ratio is 0.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. INN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Summit Hotel Properties Inc's stock?

In the past 10 years, Summit Hotel Properties Inc has provided -0.017 (multiply by 100 for percentage) rate of return.