Summit Hotel Properties (NYSE:INN) Issues FY 2025 Earnings Guidance

Summit Hotel Properties (NYSE:INN) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 0.970. The company issued revenue guidance of -.

Summit Hotel Properties Stock Up 0.7 %

Shares of NYSE INN traded up $0.05 during mid-day trading on Monday, reaching $6.37. The company had a trading volume of 706,427 shares, compared to its average volume of 584,324. The stock has a fifty day moving average of $6.70 and a two-hundred day moving average of $6.61. Summit Hotel Properties has a 12-month low of $5.66 and a 12-month high of $7.22. The company has a market capitalization of $690.08 million, a price-to-earnings ratio of 636.50, a PEG ratio of 1.54 and a beta of 2.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78.

Summit Hotel Properties (NYSE:INN) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.30. Summit Hotel Properties had a net margin of 3.41% and a return on equity of 1.87%. As a group, equities research analysts expect that Summit Hotel Properties will post 0.88 EPS for the current year.

Summit Hotel Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.03%. Summit Hotel Properties’s payout ratio is 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.