Summit Hotel Properties (NYSE:INN) Releases Earnings Results, Beats Expectations By $0.30 EPS

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

Summit Hotel Properties Stock Up 0.7 %

INN stock opened at $6.37 on Tuesday. The firm has a 50 day moving average of $6.69 and a 200 day moving average of $6.61. The stock has a market capitalization of $690.08 million, a PE ratio of 636.50, a price-to-earnings-growth ratio of 1.54 and a beta of 2.02. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.01. Summit Hotel Properties has a 52 week low of $5.66 and a 52 week high of $7.22.

Summit Hotel Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid 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 dividend payout ratio (DPR) 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.