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 ...

AUSTIN, Texas, July 25, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's second quarter common dividend represents an annualized dividend yield of 5.4 per ...

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. These are only a few of the key metrics included in Summit Hotel Properties's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 17th: Park Hotels & Resorts has a price-to-earnings ratio (P/E) of 6.86 compared with 13.00 for industry. The company possesses a Value Score of A. See the full list of top ranked stocks here. Summit Hotel Properties' has a price-to-earnings ratio (P/E) of 6.60 compared with 13.00 for the industry. The company possesses a Value Score of A. KB Home has a price-to-earnings ratio (P/E) of 9.89 compared wi ...

Find more top income stocks with some of our great premium screens Park Hotels & Resorts (PK) This lodging Real Estate company which operates luxury hotels and resorts in USA and international market, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.6%, compared with the industry average of 4.4%. This Zacks Rank #1 company has a dividend yield of 5.2%, compared with the industry a ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks ...

AUSTIN, Texas, June 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2024 on Monday, July 29, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, July 30, 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 call ca ...

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. One company value investors might notice is Summit Hotel Properties (INN) . INN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 6.38, which co ...

Introduction I like preferred shares as a portion of my fixed income portfolio and I am keeping my fingers on the pulse of a lot of different issuers and preferred shares to make sure there are no unexpected surprises. I own both series of preferred shares issued by Summit Hotel Properties (NYSE:INN) and as the hotel sector isn't always the most reliable sector I am following the preferred shares I own in this sector a bit closer than other issues to ensure there are no coverage issues and/or balance sheet ...