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].

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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 ...

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 ...

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 ...

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