Summit Hotel Properties (INN) Scheduled to Post Quarterly Earnings on Wednesday
Summit Hotel Properties (NYSE:INN) will issue its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Summit Hotel Properties (INN) opened at $14.43 on Tuesday. The firm has a market cap of $1,500.00, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.18 and a beta of 1.22. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.64. Summit Hotel Properties has a 1-year low of $13.94 and a 1-year high of $19.39.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be issued a $0.18 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.72 annualized dividend and a yield of 4.99%. This is an increase from Summit Hotel Properties’s previous quarterly dividend of $0.17. Summit Hotel Properties’s dividend payout ratio is currently 87.80%.
About Summit Hotel Properties
Summit Hotel Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company’s portfolio consists of 83 hotels with a total of 12,242 guestrooms located in 26 states.
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