Summit Hotel Properties, Inc. (NYSE:INN – Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,320,000 shares, a decrease of 6.2% from the March 15th total of 6,740,000 shares. Based on an average daily volume of 780,700 shares, the days-to-cover ratio is currently 8.1 days. Approximately 6.1% of the company’s stock are short sold.
Summit Hotel Properties Price Performance
INN stock traded down $0.08 during trading on Wednesday, hitting $6.34. 552,232 shares of the stock traded hands, compared to its average volume of 683,791. Summit Hotel Properties has a 1 year low of $5.31 and a 1 year high of $7.26. The firm’s 50 day moving average is $6.45 and its two-hundred day moving average is $6.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 0.80.
Summit Hotel Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Wednesday, February 14th. Summit Hotel Properties’s dividend payout ratio (DPR) is -88.89%.
Institutional Trading of Summit Hotel Properties
Analyst Ratings Changes
Separately, Wolfe Research assumed coverage on shares of Summit Hotel Properties in a research report on Wednesday, January 10th. They set a “peer perform” rating on the stock.
Read Our Latest Stock Report on Summit Hotel Properties
About Summit Hotel Properties
Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.
Featured Stories
- Five stocks we like better than Summit Hotel Properties
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
- Using the MarketBeat Dividend Yield Calculator
- Abbott Laboratories Outlook is Healthy: Buy the Dip
- What is a Secondary Public Offering? What Investors Need to Know
- ASML Fires Warning Shot For Tech Investors
Receive News & Ratings for Summit Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.