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

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

Summit Hotel Properties Stock Performance

Shares of NYSE:INN traded up $0.05 during midday trading on Monday, hitting $6.37. The company’s stock had a trading volume of 706,427 shares, compared to its average volume of 584,324. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50 day simple moving average is $6.70 and its 200 day simple moving average is $6.61. The stock 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. Summit Hotel Properties has a fifty-two week low of $5.66 and a fifty-two week high of $7.22.

Summit Hotel Properties (NYSE:INN) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts anticipate that Summit Hotel Properties will post 0.88 earnings per share for the current year.

Summit Hotel Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.32 annualized dividend and a yield of 5.03%. Summit Hotel Properties’s dividend payout ratio (DPR) 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.