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%.

INN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Raymond James Financial upgraded shares of Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 price target on the stock in a research note on Monday, October 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $17.00 price target on shares of Summit Hotel Properties in a research note on Monday, November 20th. KeyCorp set a $17.00 price target on shares of Summit Hotel Properties and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Janney Montgomery Scott cut shares of Summit Hotel Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.50.

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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.

Earnings History for Summit Hotel Properties (NYSE:INN)

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