Group 1 - The article discusses the investment potential of hotel REITs, particularly focusing on their preferred shares, which may offer interesting opportunities for investors [1] - The investment group European Small Cap Ideas specializes in high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income [1] - The group provides two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1] Group 2 - The article does not provide specific financial data or performance metrics related to the hotel REITs or the investment group [2]

When it comes to earning investment income, one of the most relevant investment vehicles is Real Estate Investment Trusts (REITs). REITs must distribute at least 90% of their taxable earnings out as dividends. This can lead to incredibly high dividend yields, sometimes reaching into the double digits. Ultimately, REITs can provide big-time dividend income, especially if bought at the right price. They also provide exposure to the real estate market without needing to invest in and maintain physical property ...

AUSTIN, Texas, Jan. 9, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2024 on Monday, February 24, 2025, after the market closes. The Company will conduct its quarterly conference call on Tuesday, February 25, 2025, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details. A live webcast of the co ...

Core Viewpoint - Summit Hotel Properties reported quarterly funds from operations (FFO) of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and matching the FFO from the same quarter last year [1][2] Financial Performance - The quarterly FFO surprise was 10%, with the company previously expected to post $0.26 per share but actually producing $0.29, resulting in an 11.54% surprise [2] - Revenues for the quarter ended September 2024 were $176.81 million, surpassing the Zacks Consensus Estimate by 0.32%, but down from $181.82 million year-over-year [3] - Over the last four quarters, the company has consistently exceeded consensus FFO and revenue estimates [2][3] Stock Performance and Outlook - Summit Hotel Properties shares have declined approximately 9.1% year-to-date, contrasting with the S&P 500's gain of 20.1% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for FFO [4][5] - Current consensus FFO estimate for the upcoming quarter is $0.20 on revenues of $172.74 million, and for the current fiscal year, it is $0.94 on revenues of $731.03 million [8] Industry Context - The REIT and Equity Trust - Other industry, to which Summit Hotel Properties belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which can impact investor sentiment [6]

Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-EndAUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024."We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negative ...

While I'm not a big fan of hotel REITs, this subtype of REITs sometimes has an attractive series of preferred shares in its capital structure. While this obviously reduces an investment thesis to just generating a (hopefully steady) income He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on highquality ideas in the small-cap space, with emphasis on ca ...

Core Viewpoint - Summit Hotel Properties, Inc. has declared cash dividends for the third quarter of 2024, reflecting a commitment to returning value to shareholders through consistent dividend payments [1][2]. Dividend Announcements - The Company has declared a cash dividend of $0.08 per share for the third quarter ended September 30, 2024, which corresponds to an annualized dividend yield of 5.2% based on the closing stock price on October 23, 2024 [1]. - Additionally, the Company announced a cash dividend of $0.390625 per share for its 6.25% Series E Cumulative Redeemable Preferred Stock and $0.3671875 per share for its 5.875% Series F Cumulative Redeemable Preferred Stock, both for the dividend period ending on November 30, 2024 [1][2]. - The operating partnership will distribute $0.328125 per unit for its unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the same distribution period [2]. Company Overview - Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties, primarily in the Upscale segment of the lodging industry [3]. - As of September 30, 2024, the Company's portfolio includes 96 assets, with 54 wholly owned properties and a total of 14,255 guestrooms located across 24 states [3].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Summit Hotel Properties (INN) Analysis - Summit Hotel Properties (INN) has shown a four-week price change of 3.6%, indicating growing investor interest [4] - INN has gained 7% over the past 12 weeks, with a beta of 2.04, suggesting it moves 104% higher than the market [5] - The stock has a Momentum Score of B, indicating a favorable time to invest [6] Group 3: Earnings Estimates and Valuation - INN has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors and drive the stock price up [7] - The stock is trading at a Price-to-Sales ratio of 0.96, indicating it is relatively cheap at present [7] Group 4: Additional Investment Opportunities - INN is part of a broader list of stocks that meet the criteria for "Fast-Paced Momentum at a Bargain," suggesting further investment opportunities [8] - There are over 45 Zacks Premium Screens available for investors to identify potential winning stocks based on their investment style [9]

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 ...

Core Insights - The article emphasizes the importance of value investing as a preferred strategy for identifying strong stocks in various market conditions [2] - Zacks has developed a Style Scores system to highlight stocks with specific traits, particularly for value investors [3] - Summit Hotel Properties (INN) is identified as a stock to watch, currently holding a Zacks Rank of 2 (Buy) and a Value grade of A [4] Company Metrics - INN has a P/E ratio of 7.24, significantly lower than the industry average P/E of 17, indicating potential undervaluation [4] - The Forward P/E for INN has fluctuated between 6.04 and 9.71 over the past year, with a median of 7.03 [4] - INN's P/CF ratio stands at 5.78, compared to the industry's average P/CF of 16.92, further suggesting that the company may be undervalued [5] - Over the past 52 weeks, INN's P/CF has ranged from 3.83 to 5.85, with a median of 4.69 [5] - The combination of these metrics indicates that INN is likely undervalued and presents an impressive value opportunity [6]