Summit Hotel Properties (NYSE:INN) Issues FY 2025 Earnings Guidance

Summit Hotel Properties (NYSE:INN) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 0.970. The company issued revenue guidance of -.

Summit Hotel Properties Trading Down 2.0 %

Summit Hotel Properties stock traded down $0.12 during trading hours on Tuesday, hitting $6.22. The company had a trading volume of 49,480 shares, compared to its average volume of 569,202. The firm has a market cap of $673.93 million, a P/E ratio of 628.00, a P/E/G ratio of 1.54 and a beta of 2.02. The company has a 50-day moving average price of $6.69 and a two-hundred day moving average price of $6.61. Summit Hotel Properties has a 1 year low of $5.66 and a 1 year high of $7.22. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78.

Summit Hotel Properties (NYSE:INN) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.30. The company had revenue of $172.93 million for the quarter, compared to analysts’ expectations of $172.09 million. Summit Hotel Properties had a return on equity of 1.87% and a net margin of 3.41%. On average, sell-side analysts anticipate that Summit Hotel Properties will post 0.88 earnings per share for the current year.

Summit Hotel Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 5.15%. Summit Hotel Properties’s payout ratio is currently 3,200.00%.

About Summit Hotel Properties

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.