Summit Hotel Properties (INN) Expected to Announce Quarterly Earnings on Monday

Summit Hotel Properties (NYSE:INN) is projected to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $172.09 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Summit Hotel Properties Stock Down 3.3 %

Shares of NYSE INN opened at $6.30 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The company has a market cap of $682.50 million, a price-to-earnings ratio of 629.50, a PEG ratio of 1.55 and a beta of 2.02. Summit Hotel Properties has a 12 month low of $5.66 and a 12 month high of $7.22. The stock has a 50-day moving average price of $6.70 and a two-hundred day moving average price of $6.61.

Summit Hotel Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 5.08%. The ex-dividend date is Friday, February 14th. Summit Hotel Properties’s payout ratio is 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.