Summit Hotel Properties, Inc. (NYSE:INN – Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,310,000 shares, a growth of 24.0% from the February 13th total of 2,670,000 shares. Based on an average daily trading volume, of 695,500 shares, the days-to-cover ratio is presently 4.8 days. Approximately 3.1% of the shares of the stock are sold short.
Summit Hotel Properties Stock Up 2.2 %
Summit Hotel Properties stock opened at $5.79 on Tuesday. The stock has a market capitalization of $635.09 million, a PE ratio of 578.50, a price-to-earnings-growth ratio of 1.54 and a beta of 2.04. Summit Hotel Properties has a 12 month low of $5.50 and a 12 month high of $7.22. The business has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $6.57. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78.
Summit Hotel Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Friday, February 14th. Summit Hotel Properties’s dividend payout ratio (DPR) is presently 177.78%.
Institutional Trading of Summit Hotel Properties
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.
Recommended Stories
- Five stocks we like better than Summit Hotel Properties
- Industrial Products Stocks Investing
- Can TikTok Stock Picks Really Make You Rich?
- How to Calculate Inflation Rate
- The “Quality” Rotation: Back to Basics Investing
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Summit Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.