Summit Hotel Properties Stock Today
| INN Stock | USD 6.58 0.06 0.92% |
Performance0 of 100
| Odds Of DistressLess than 44
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Summit Hotel is selling at 6.58 as of the 30th of November 2024; that is 0.92 percent increase since the beginning of the trading day. The stock's open price was 6.52. Summit Hotel has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Summit Hotel Properties are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Equity Real Estate Investment Trusts (REITs) | IPO Date 9th of February 2011 | Category Real Estate |
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Companys portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states. The company has 108.42 M outstanding shares of which 3.03 M shares are currently shorted by investors with about 4.56 days to cover. More on Summit Hotel Properties
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Summit Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Daniel Hansen | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Innelec Multimédia SA | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotel & Resort REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, NYSE Composite, SP Small-Cap 600, HNX Large Cap, HNX, HNX Manufacturing, Hotels, Investing, Real Estate, Diversified REITs, REIT—Hotel & Motel, Real Estate (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsSummit Hotel can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Summit Hotel's financial leverage. It provides some insight into what part of Summit Hotel's total assets is financed by creditors.
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Summit Hotel Properties (INN) is traded on New York Stock Exchange in USA. It is located in 13215 Bee Cave Parkway, Austin, TX, United States, 78738-6723 and employs 78 people. Summit Hotel is listed under Hotel & Resort REITs category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 713.39 M. Summit Hotel Properties runs under Diversified REITs sector within Real Estate industry. The entity has 108.42 M outstanding shares of which 3.03 M shares are currently shorted by investors with about 4.56 days to cover.
Summit Hotel Properties has about 51.26 M in cash with 153.64 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.03.
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Ownership AllocationSummit Hotel Properties shows a total of 108.42 Million outstanding shares. The majority of Summit Hotel Properties outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Summit Hotel to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Summit Hotel Properties. Please pay attention to any change in the institutional holdings of Summit Hotel Properties as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Summit Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Deutsche Bank Ag | 2024-06-30 | 1.8 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.6 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 1.6 M | |
| Northern Trust Corp | 2024-09-30 | 1.2 M | |
| Grace & White Inc | 2024-09-30 | 1.1 M | |
| Jpmorgan Chase & Co | 2024-06-30 | 1.1 M | |
| Systematic Financial Management Lp | 2024-09-30 | 1 M | |
| Royal Bank Of Canada | 2024-06-30 | 977.4 K | |
| Globeflex Capital, L.p. | 2024-09-30 | 919.7 K | |
| Blackrock Inc | 2024-06-30 | 20.7 M | |
| Vanguard Group Inc | 2024-09-30 | 15.5 M |
Summit Hotel Historical Income Statement
Summit Stock Against Markets
Summit Hotel Corporate Directors
| Hope Taitz | Independent Director | Profile | |
| Kenneth Kay | Independent Director | Profile | |
| Thomas Storey | Independent Director | Profile | |
| Bjorn Hanson | Independent Director | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Hotel & Resort REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.28 | Earnings Share 0.05 | Revenue Per Share 6.957 | Quarterly Revenue Growth (0.03) |
The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.