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]

Company Announcement - Summit Hotel Properties, Inc. will report its financial results for Q3 2024 on November 4, 2024, after market close [1] - A quarterly conference call is scheduled for November 5, 2024, at 9:00 AM ET [1] Conference Call Access - Pre-registration is required to access the conference call, and registrants will receive confirmation with dial-in details [2] - A live webcast of the conference call will be available, with a replay accessible until January 31, 2025 [2] Company Overview - Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on premium-branded lodging facilities in the upscale segment [3] - As of September 23, 2024, the company’s portfolio includes 96 assets, with 54 wholly owned, totaling 14,256 guestrooms across 24 states [3]

Core Insights - Summit Hotel Properties, Inc. published its annual Corporate Responsibility Report, emphasizing its commitment to long-term shareholder value through responsible investments, environmental protection, and support for employees and communities [1][2]. Environmental, Social, and Governance (ESG) Initiatives - The company has made significant progress in its ESG program, achieving 87% of its reduction target set for the end of 2025 [2]. - Contributions and charitable activities have reached nearly $1,000,000, alongside 1,400 service volunteer hours supporting 55 charitable organizations [2]. - The company promotes a diverse, equitable, and inclusive work culture that rewards excellence based on merit and performance [2]. Corporate Responsibility Report - The report aims to provide stakeholders with insights into the company's commitments to environmental stewardship, social responsibility, governance, and resilience [3]. Company Overview - Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on premium-branded lodging properties, primarily in the Upscale segment [4]. - As of September 11, 2024, the company owns a portfolio of 96 assets, including 54 wholly owned properties, totaling 14,256 guestrooms across 24 states [4].

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 ...

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 ...