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 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 Up 0.7 %

Summit Hotel Properties stock traded up $0.05 during midday trading on Monday, hitting $6.37. 706,427 shares of the stock were exchanged, compared to its average volume of 584,295. Summit Hotel Properties has a 1 year low of $5.66 and a 1 year high of $7.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $690.08 million, a P/E ratio of 636.50, a P/E/G ratio of 1.54 and a beta of 2.02. The company has a 50 day moving average price of $6.70 and a two-hundred day moving average price of $6.61.

Summit Hotel Properties (NYSE:INN) last announced 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 return on equity of 1.87% and a net margin of 3.41%. On average, sell-side analysts predict that Summit Hotel Properties will post 0.88 earnings per share for the current fiscal year.

Summit Hotel Properties Announces Dividend

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