Dividend Growth of Summit Hotel Properties, Inc.(INN)

Summit Hotel Properties(INN) is having a Dividend Yield of 4.03% with the Annual cash Dividend per share of $0.55. The last quarter cash dividend per share pay out was $0.16. Summit Hotel Properties has a 5 year average dividend yield of 4.45% and the stock has a Indicated annual dividend of $0.65. Summit Hotel Properties(INN) formally announced its most recent dividend on January 25, 2017 with a Dividend per share of $0.16. The new indicated annual dividend based on announced dividend per share is $0.65. The dividend yield based on the forward looking indicated annual dividend is 4.03%. Summit Hotel Properties(INN) has the most recent dividend payout ratio of 0.38 with a 5-year average payout ratio of 0.49. The Ex-Dividend amount last paid was $0.16 on February 10, 2017. The 5 year historical dividend growth of Summit Hotel Properties(INN) is at the rate of 4.41% while the R-Squared dividend growth is 0.51. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Summit Hotel Properties, Inc. (NYSE:INN) rose 0.43% or 0.07 points on Thursday and made its way into the gainers of the day. After trading began at $16.13 the stock was seen hitting $16.27 as a peak level and $16.09 as the lowest level. The stock ended up at $16.18. The daily volume was measured at 535,523 shares. The 52-week high of the share price is $16.4 and the 52-week low is $9.71. The company has a market cap of $1,413 million. Shares of Summit Hotel Properties, Inc. rose by 2.82% in the last five trading days and 2.75% for the last 4 weeks. Summit Hotel Properties, Inc. is up 15.61% in the last 3-month period. Year-to-Date the stock performance stands at 1.98%.

Currently the company Insiders own 1.94% of Summit Hotel Properties, Inc. shares according to the proxy statements. Institutional Investors own 92.76% of Summit Hotel Properties, Inc. shares. Company has reported several Insider transactions to the SEC, on Aug 24, 2015, Craig J Aniszewski (COO) purchased 885 shares at 12.25 per share price.On Aug 14, 2015, Greg A Dowell (CFO) purchased 5,000 shares at 12.23 per share price.On Aug 12, 2015, Thomas W. Storey (director) purchased 8,000 shares at 12.51 per share price.

Summit Hotel Properties Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.33. The company had revenue of $118.30 million for the quarter, compared to analysts expectations of $117.98 million. The companys revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused primarily on owning premium-branded, select-service hotels in the upscale and upper midscale segments of the lodging industry.


Share this post

Leave a Reply