Summit Hotel Properties (NYSE:INN) Announces Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Summit Hotel Properties (NYSE:INN) issued its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24), FiscalAI reports. Summit Hotel Properties had a net margin of 0.04% and a return on equity of 0.02%. The business had revenue of $174.96 million during the quarter, compared to analyst estimates of $172.88 million. Summit Hotel Properties updated its FY 2026 guidance to 0.730-0.850 EPS.

Summit Hotel Properties Price Performance

Summit Hotel Properties stock traded up $0.10 during trading hours on Wednesday, reaching $4.28. 896,334 shares of the stock were exchanged, compared to its average volume of 774,271. Summit Hotel Properties has a twelve month low of $3.57 and a twelve month high of $6.65. The company has a market cap of $465.66 million, a P/E ratio of -26.75 and a beta of 1.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $4.67 and a two-hundred day moving average of $5.13.

Summit Hotel Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th. Summit Hotel Properties’s dividend payout ratio is -200.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INN. Summit Redstone set a $4.50 price target on shares of Summit Hotel Properties in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $6.00 price target on shares of Summit Hotel Properties and gave the company a “buy” rating in a report on Tuesday, January 13th. Robert W. Baird set a $5.00 price objective on Summit Hotel Properties in a report on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Monday, December 29th. Finally, Bank of America reissued an “underperform” rating and issued a $4.50 price target (down from $5.75) on shares of Summit Hotel Properties in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Summit Hotel Properties presently has a consensus rating of “Reduce” and an average target price of $5.00.

Insider Activity at Summit Hotel Properties

In related news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $4.84, for a total transaction of $121,000.00. Following the sale, the director owned 444,295 shares of the company’s stock, valued at $2,150,387.80. This trade represents a 5.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Summit Hotel Properties

A number of institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Summit Hotel Properties in the third quarter worth approximately $35,000. CIBC Asset Management Inc purchased a new position in shares of Summit Hotel Properties in the 4th quarter worth about $52,000. Corient Private Wealth LLC bought a new stake in shares of Summit Hotel Properties in the 4th quarter worth approximately $52,000. Tower Research Capital LLC TRC boosted its position in Summit Hotel Properties by 148.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 6,442 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Summit Hotel Properties by 53.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 3,773 shares in the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.

About Summit Hotel Properties

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.