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

Summit Hotel Properties (NYSE:INN) is anticipated 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 that wish to register for the company’s conference call can do so using this link.

Summit Hotel Properties Stock Performance

Summit Hotel Properties stock opened at $6.30 on Friday. The business has a 50 day moving average of $6.70 and a 200-day moving average 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 current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $682.50 million, a P/E ratio of 629.50, a P/E/G ratio of 1.55 and a beta of 2.02.

Summit Hotel Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, February 14th. Summit Hotel Properties’s dividend 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.