Have you been paying attention to shares of Summit Hotel Properties (INN) ? Shares have been on the move with the stock up 11.7% over the past month. The stock hit a new 52-week high of $7.22 in the previous session. Summit Hotel Properties has gained 6.3% since the start of the year compared to the 18.1% move for the Zacks Finance sector and the 6.7% return for the Zacks REIT and Equity Trust - Other industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, a ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms o ...

AUSTIN, Texas, Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, November 5, 2024, at 9:00 AM ET. 1. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details. 2. A live webcast of the conference c ...

AUSTIN, Texas, Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders. "I am pleased to share the continued progress we made in advancing our Environmental, Social, and Governance (ESG) pro ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...

As weÂ've discussed on previous calls, we believe our portfolio is well positioned for relative outperformance, given our exposure to several urban markets that have been slower to recover. 5 of those markets in particular, New Orleans, Baltimore, Minneapolis, Louisville and the Greater San Francisco Bay and Silicon Valley area, represented 17 of our owned hotels in the second quarter that finished 2023 approximately $22 million below 2019 hotel EBITDA levels, on RevPAR that was less than 75% recovered. We ...

Over the last four quarters, the company has surpassed consensus FFO estimates four times. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate ...

| --- | --- | --- | --- | |-------------------------------------------------------------------------------|----------------------|------------------------|-------------------------| | Sold Properties: | Transaction \nDate | June \n2024 \n(Total | 30, \n2023 \nPortfolio) | | Courtyard by Marriott and SpringHill Suites - New Orleans, LA | April 2024 | Partial Period | Full Period | | Hilton Garden Inn - College Station, TX | April 2024 | Partial Period | Full Period | | Hyatt Place - Dallas (Plano), TX | Febr ...

Net Income Increases to $30.8 Million for Second Quarter 2024 AUSTIN, Texas, July 29, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and six months ended June 30, 2024. Pro forma RevPAR: Pro forma RevPAR increased 3.4 percent to $132.41 compared to the second quarter of 2023. Pro forma ADR increased 0.9 percent to $170.46 compared to the same period in 2023, and pro forma occupancy increased 2.4 percent to 77.7 percent. Adjusted FFO Incr ...

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Most Powerful Force Impacting Stock Prices For Summit Hotel Properties, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business tre ...