Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry.
Summit Hotel Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.28|
|52 Week High||US$4.72|
|52 Week Low||US$11.32|
|1 Month Change||6.91%|
|3 Month Change||-5.02%|
|1 Year Change||59.45%|
|3 Year Change||-30.49%|
|5 Year Change||-32.90%|
|Change since IPO||-4.23%|
Recent News & Updates
Summit Hotel joint venture to acquire Steamboat Springs hotel for $33M
Photo by zeljkosantrac/E+ via Getty Images Summit Hotel Properties (INN) enters into a definitive agreement to acquire the 110-guestroom Residence Inn by Marriott Steamboat Springs for $33M through its joint venture with GIC. The transaction is expected to settle late in Q2 Alterra Mountain Company owns the Steamboat Resort and in April of this year it said it will spend $135M on base area improvements, ski acreage expansion, and enhancement of the overall guest experience. The hotel opened in December
|INN||US REITs||US Market|
Return vs Industry: INN exceeded the US REITs industry which returned 32.5% over the past year.
Return vs Market: INN exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: INN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: INN's weekly volatility (5%) has been stable over the past year.
About the Company
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
Summit Hotel Properties Fundamentals Summary
|INN fundamental statistics|
Is INN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|INN income statement (TTM)|
|Cost of Revenue||US$154.09m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.37|
|Net Profit Margin||-58.16%|
How did INN perform over the long term?See historical performance and comparison
Is Summit Hotel Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INN ($9.28) is trading below our estimate of fair value ($91.5)
Significantly Below Fair Value: INN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INN is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: INN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate INN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: INN is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (2x).
How is Summit Hotel Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: INN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: INN's is expected to become profitable in the next 3 years.
Revenue vs Market: INN's revenue (27.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: INN's revenue (27.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INN's Return on Equity is forecast to be low in 3 years time (2.6%).
How has Summit Hotel Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INN is currently unprofitable.
Growing Profit Margin: INN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: INN is unprofitable, and losses have increased over the past 5 years at a rate of 57.1% per year.
Accelerating Growth: Unable to compare INN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: INN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).
Return on Equity
High ROE: INN has a negative Return on Equity (-12.57%), as it is currently unprofitable.
How is Summit Hotel Properties's financial position?
Financial Position Analysis
Short Term Liabilities: INN's short term assets ($109.2M) exceed its short term liabilities ($47.1M).
Long Term Liabilities: INN's short term assets ($109.2M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: INN's debt to equity ratio (103.4%) is considered high.
Reducing Debt: INN's debt to equity ratio has increased from 64.4% to 103.4% over the past 5 years.
Debt Coverage: INN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if INN's interest payments on its debt are well covered by EBIT.
What is Summit Hotel Properties's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate INN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate INN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if INN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if INN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: INN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of INN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jon Stanner (40 yo)
Mr. Jonathan P. Stanner, also known as Jon, serves as President, Chief Executive Officer and Director of Summit Hotel Properties, Inc. since January 15, 2021. Mr. Stanner served as Chief Financial Officer...
CEO Compensation Analysis
Compensation vs Market: Jon's total compensation ($USD1.86M) is about average for companies of similar size in the US market ($USD2.33M).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
Experienced Management: INN's management team is considered experienced (4 years average tenure).
Experienced Board: INN's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: INN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Summit Hotel Properties, Inc.'s employee growth, exchange listings and data sources
- Name: Summit Hotel Properties, Inc.
- Ticker: INN
- Exchange: NYSE
- Founded: 2004
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Implied Market Cap: US$989.294m
- Market Cap: US$987.817m
- Shares outstanding: 106.61m
- Website: https://www.shpreit.com
Number of Employees
- Summit Hotel Properties, Inc.
- 13215 Bee Cave Parkway
- Suite B-300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:07|
|End of Day Share Price||2021/09/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.