Summit Hotel Properties (NYSE:INN) Posts Earnings Results, Misses Estimates By $0.24 EPS

Summit Hotel Properties (NYSE:INN) issued its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.24), FiscalAI reports. The business had revenue of $174.96 million during the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties had a return on equity of 0.02% and a net margin of 0.04%. Summit Hotel Properties updated its FY 2026 guidance to 0.730-0.850 EPS.

Summit Hotel Properties Price Performance

NYSE INN traded up $0.36 on Thursday, reaching $4.64. 844,985 shares of the company’s stock traded hands, compared to its average volume of 773,654. The stock has a market cap of $504.30 million, a PE ratio of -29.03 and a beta of 1.29. Summit Hotel Properties has a 12 month low of $3.57 and a 12 month high of $6.65. The stock has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $5.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.65 and a quick ratio of 0.65.

Summit Hotel Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, February 13th. Summit Hotel Properties’s dividend payout ratio (DPR) is presently -139.13%.

Insider Buying and Selling at Summit Hotel Properties

In other news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $4.84, for a total transaction of $121,000.00. Following the transaction, the director directly owned 444,295 shares of the company’s stock, valued at approximately $2,150,387.80. The trade was a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.83% of the company’s stock.

Institutional Investors Weigh In On Summit Hotel Properties

A number of institutional investors have recently modified their holdings of the stock. UBS Group AG increased its holdings in shares of Summit Hotel Properties by 18.9% during the third quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock valued at $38,079,000 after acquiring an additional 1,102,102 shares in the last quarter. State Street Corp increased its stake in Summit Hotel Properties by 1.2% during the 4th quarter. State Street Corp now owns 4,911,087 shares of the real estate investment trust’s stock valued at $23,917,000 after purchasing an additional 56,090 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Summit Hotel Properties by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock worth $12,383,000 after buying an additional 279,823 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Summit Hotel Properties by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,506,061 shares of the real estate investment trust’s stock worth $7,334,000 after buying an additional 26,493 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Summit Hotel Properties by 87.2% in the fourth quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock worth $3,772,000 after buying an additional 360,800 shares in the last quarter. 96.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on INN shares. Zacks Research lowered Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Bank of America reissued an “underperform” rating and set a $4.50 price objective (down from $5.75) on shares of Summit Hotel Properties in a report on Tuesday, November 4th. Summit Redstone set a $4.50 target price on shares of Summit Hotel Properties in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Monday, December 29th. Finally, Robert W. Baird set a $5.00 price target on shares of Summit Hotel Properties in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Summit Hotel Properties presently has a consensus rating of “Reduce” and a consensus price target of $5.00.

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.