Summit Hotel Properties (DB:SDP) - Stock Price, News & Analysis

SDP Stock Overview

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. More details

SDP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	4/6

Rewards

Trading at 32.8% below our estimate of its fair value

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 113% per year for the next 3 years

Unstable dividend track record

Large one-off items impacting financial results

Summit Hotel Properties, Inc. Competitors

Hamborner REIT

XTRA:HABA

€514.1m

CDL Hospitality Trusts

SGX:J85

S$1.1b

Frasers Hospitality Trust

SGX:ACV

S$818.6m

Hersha Hospitality Trust

NYSE:HT

US$482.9m

Price History & Performance

Summary of all time highs, changes and price drops for Summit Hotel Properties
Historical stock prices
Current Share Price	US$5.85
52 Week High	US$6.50
52 Week Low	US$5.15
Beta	2.05
11 Month Change	0.86%
3 Month Change	-4.10%
1 Year Change	4.46%
33 Year Change	-29.09%
5 Year Change	-46.33%
Change since IPO	-46.65%

Recent updates

Shareholder Returns

	SDP	DE Hotel and Resort REITs	DE Market
7D	-1.7%	0%	0%
1Y	4.5%	0%	0%

Return vs Industry: SDP underperformed the German Hotel and Resort REITs industry which returned 12.5% over the past year.

Return vs Market: SDP underperformed the German Market which returned 7.1% over the past year.

Price Volatility

Is SDP's price volatile compared to industry and market?
SDP volatility
SDP Average Weekly Movement	4.7%
Hotel and Resort REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: SDP has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: SDP's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	78	Jon Stanner	www.shpreit.com

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.

Summit Hotel Properties, Inc. Fundamentals Summary

How do Summit Hotel Properties's earnings and revenue compare to its market cap?
SDP fundamental statistics
Market cap	€721.33m
Earnings (TTM)	€7.31m
Revenue (TTM)	€702.42m

88.2x

P/E Ratio

0.9x

P/S Ratio

Is SDP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SDP income statement (TTM)
Revenue	US$736.29m
Cost of Revenue	US$403.31m
Gross Profit	US$332.97m
Other Expenses	US$325.31m
Earnings	US$7.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.071
Gross Margin	45.22%
Net Profit Margin	1.04%
Debt/Equity Ratio	97.3%

How did SDP perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

32%

Payout Ratio

Does SDP pay a reliable dividends?

See SDP dividend history and benchmarks

When do you need to buy SDP by to receive an upcoming dividend?
Summit Hotel Properties dividend dates
Ex Dividend Date	Nov 15 2024
Dividend Pay Date	Nov 29 2024
Days until Ex dividend	7 days
Days until Dividend pay date	7 days

Does SDP pay a reliable dividends?

See SDP dividend history and benchmarks

SDP Stock Overview

Rewards

Risk Analysis

Summit Hotel Properties, Inc. Competitors

XTRA:HABA

€514.1m

SGX:J85

S$1.1b

SGX:ACV

S$818.6m

NYSE:HT

US$482.9m

Price History & Performance

Recent News & Updates

Upcoming dividend of US$0.08 per share

Piramco Inc. acquired Four Points by Sheraton in San Francisco from Summit Hotel Properties, Inc. (NYSE:INN) for $17.7 million.

Third quarter 2024 earnings released: US$0.04 loss per share (vs US$0.051 loss in 3Q 2023)

Second quarter dividend of US$0.08 announced

Summit Hotel Properties, Inc. Declares Dividend for the Third Quarter Ended September 30, 2024, Payable on November 29, 2024

Summit Hotel Properties, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Recent updates

Upcoming dividend of US$0.08 per share

Piramco Inc. acquired Four Points by Sheraton in San Francisco from Summit Hotel Properties, Inc. (NYSE:INN) for $17.7 million.

Third quarter 2024 earnings released: US$0.04 loss per share (vs US$0.051 loss in 3Q 2023)

Second quarter dividend of US$0.08 announced

Summit Hotel Properties, Inc. Declares Dividend for the Third Quarter Ended September 30, 2024, Payable on November 29, 2024

Summit Hotel Properties, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Upcoming dividend of US$0.08 per share

New major risk - Revenue and earnings growth

First quarter dividend of US$0.08 announced

Summit Hotel Properties, Inc. Declares Cash Dividend for the Second Quarter Ended June 30, 2024, Payable on August 30, 2024

Summit Hotel Properties, Inc. to Report Q2, 2024 Results on Jul 29, 2024

Forecast to breakeven in 2026

Insufficient new directors

First quarter dividend of US$0.08 announced

First quarter 2024 earnings released: US$0.02 loss per share (vs US$0.05 loss in 1Q 2023)

Summit Hotel Properties, Inc. to Report Q1, 2024 Results on May 01, 2024

Full year 2023 earnings released: US$0.27 loss per share (vs US$0.16 loss in FY 2022)

Summit Hotel Properties, Inc., Annual General Meeting, May 22, 2024

Upcoming dividend of US$0.06 per share at 3.7% yield

Third quarter dividend of US$0.06 announced

Summit Hotel Properties, Inc. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2023, Payable on February 29, 2024

Summit Hotel Properties, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Upcoming dividend of US$0.06 per share at 3.9% yield

An unknown buyer agreed to acquire Hyatt Place Baltimore / Owings Mills from Summit Hotel Properties, Inc. (NYSE:INN) for $8.3 million.

Third quarter 2023 earnings released: US$51.47 loss per share (vs US$0.005 loss in 3Q 2022)

Summit Hotel Properties, Inc. Declares Third Quarter 2023 Dividend, Payable on November 30, 2023

No longer forecast to breakeven

Summit Hotel Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.06 per share at 4.1% yield

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Private Limited acquired The Nordic Lodge Hotel for $13.7 million.

Second quarter 2023 earnings released: US$0.007 loss per share (vs US$0.075 profit in 2Q 2022)

Summit Hotel Properties Declares Second Quarter 2023 Common Stock Dividend, Payable on August 31, 2023

Summit Hotel Properties, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Forecast breakeven date pushed back to 2025

An unknown buyer acquired four-hotel portfolio from Summit Hotel Properties, Inc. (NYSE:INN).

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Private Limited acquired Residence Inn Scottsdale North for $29 million

Upcoming dividend of US$0.06 per share at 3.6% yield

First quarter 2023 earnings released: US$0.05 loss per share (vs US$0.12 loss in 1Q 2022)

President recently bought €142k worth of stock

Now 23% undervalued after recent price drop

Full year 2022 earnings released: US$0.11 loss per share (vs US$0.80 loss in FY 2021)

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.04 per share at 1.9% yield

Now 21% undervalued after recent price drop

Summit Hotel Properties, Inc. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2022, Payable on February 28, 2023

Summit Hotel Properties, Inc. to Report Q4, 2022 Results on Feb 27, 2023

Upcoming dividend of US$0.04 per share

Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.10 loss in 3Q 2021)

Summit Hotel Properties, Inc. (NYSE:INN) acquired 90% stake in Onera Fredericksburg for $4.5 million.

Summit Hotel Properties, Inc. Declares A Cash Dividend for the Third Quarter Ended September 30, 2022, Payable on November 30, 2022

Summit Hotel Properties, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.04 per share

Second quarter 2022 earnings released: EPS: US$0.11 (vs US$0.21 loss in 2Q 2021)

Summit Hotel Properties, Inc. Reinstates Quarterly Cash Dividend, Payable on August 31, 2022

Summit Hotel Properties, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Summit Hotel Properties, Inc. (NYSE:INN) acquired AC Hotel by Marriott & Element Miami Brickell for $89 million.

An unknown buyer completed the acquisition of Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd.

An unknown buyer entered into an agreement to acquire Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. for $75 million.

Summit Hotel Properties, Inc. to Report Q1, 2022 Results on May 03, 2022