Summit Hotel Properties Bolsa (NYSE: INN)

Últimas noticias sobre Summit Hotel Properties (NYSE:INN) Bolsa

Summit Hotel Properties

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.

Summit Hotel Properties, Inc. Common Stock

Summit Hotel Properties Inc

Innotech Corp

INNERSCOPE HEARNG TECH by Innerscope Hearing Technologies, Inc.

Innerscope Hearing Technologies Inc

Innovaro Inc

AMPLIA THERAPEUTICS LTD by Amplia Therapeutics Ltd.

Amplia Therapeutics Ltd

Harbor ETF Trust ARBOR DISRUPTIVE INNOVATION ETF

INNOCAN PHARMA CORP. by Innocan Pharma Corp.

InnoCan Pharma Corp

InnovAge Holding Corp

INFINITE NETWORKS CORP by Infinite Networks Corp.

Infinite Networks Corp

Summit Hotel Properties, Inc. 6.250% Series E Cumulative Redeemable Preferred Stock

Summit Hotel Properties, Inc. 5.875% Series F Cumulative Redeemable Preferred Stock, $0.01 par value per share

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Easterly Government Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEA#NYSE">DEA</a>)</h3>
<ul>
<li>Easterly Government Properties will release its first quarter financial results on April 29. The company's stock fell around 23% over the past month and has a 52-week low of $7.79.</li>
<li>RSI Value: 23.8</li>
<li>DEA Price Action: Shares of Easterly Government Properties fell 0.8% to close at $8.30 on Tuesday.</li>
<li>Edge Stock Ratings: 18.64 Momentum score with Value at 59.92.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/DEA"><img loading="lazy" decoding="async" width="481" height="188" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061358/image-122.png" alt="" class="wp-image-873898" style="width:384px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061358/image-122.png 481w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061358/image-122-300x117.png 300w" sizes="(max-width: 481px) 100vw, 481px" /></a></figure>
<h3 class="wp-block-heading">Summit Hotel Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>Summit Hotel Properties will report financial results for the first quarter on Wednesday, April 30, after the market closes. The company's stock fell around 32% over the past month and<a href="https://www.benzinga.com/quote/INN"> has a 52-week low</a> of $3.57.</li>
<li>RSI Value: 24.6</li>
<li>INN Price Action: Shares of Summit Hotel Properties fell 1.8% to close at $3.94 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416">trend in INN stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123.png" alt="" class="wp-image-873900" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">LXP Industrial Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXP#NYSE">LXP</a>)</h3>
<ul>
<li>LXP Industrial Trust  will release its first quarter financial results before the opening bell on Thursday, May 1. The company's stock fell around 16% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/LXP">low of $6.85</a>.</li>
<li>RSI Value: 28.4</li>
<li>LXP Price Action: Shares of LXP Industrial Trust gained 0.1% to close at $7.69 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416">LXP shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416"><img loading="lazy" decoding="async" width="877" height="430" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124.png" alt="" class="wp-image-873901" style="width:522px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124-768x377.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a> 
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44811698/jim-cramer-planet-fitness-is-doing-better-than-expected-says-no-to-this-industrial-stock">Jim Cramer: Planet Fitness Is Doing Better Than Expected, Says No To This Industrial Stock</a> </li>
</ul>
Photo via Shutterstock

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

Top 3 Real Estate Stocks That May Explode In Q2

WIIM

APLE

Shares of REIT stocks are trading lower amid an overall market reversal. The sector may also be down amid a rise in the 30-year Treasury yield.

BofA Securities analyzes the extent of tariffs and the macroeconomic situation&#8217;s effect on the earnings of gaming and lodging companies.
Since BofA&#8217;s previous report on April 1, stocks in the lodging and gaming sector have dropped 11% % -25 %, underperforming the S&amp;P 500's 16% decline.
Rising tariffs have significantly increased recession risks, with the sector now pricing in an 85% % -100 % chance of a downturn.
Investor concerns have escalated from market correction to a potential full-scale recession. A tariff-driven slowdown could cut sector revenues by 2%–4% and EBITDA by 3%–8%.
Recessions differ in nature, but the past three saw average peak-to-trough GDP drops of 5.1% and 10% in RevPAR.
According to the analyst, sub-sector sensitivity varies, with regional gaming and skiing less affected, while hotels and timeshares are more exposed. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44698868/tariffs-recession-fears-could-derail-wayfair-rh-and-etsy-says-analyst">Tariffs, Recession Fears Could Derail Wayfair, RH And Etsy, Says Analyst</a>
Earnings risk is highest for gaming operators and lodging REITs due to their high operating leverage. COVID and GFC downturns lasted about 67 days; current declines are 55 days in, said the analyst.
A 1% GDP decline could reduce hotel RevPAR by 2%–4%, broader sector revenue by 2%–4%, and EBITDA by 3%–8%.
Tariffs are projected to impact GDP by 1%–1.5%, amplifying pressure on hospitality earnings.
Early data from Apple Hospitality REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) signals underperformance, with potential RevPAR guidance cuts of 2% to 3% and flat growth for the U.S. in 2025.
Domestic gaming stocks are currently trading at notably low valuations, with 2025 EBITDA multiples at 6.5x and free cash flow yields at 15%, while operating companies are at 6.3x and 20%, respectively, said the analyst.
These figures sit one standard deviation below long-term averages, hitting levels last seen in 2022 and even lower than in 2016 and 2018. 
Lodging C-Corps are also below historical norms, except for Hilton Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), which still trades at a premium.
Lodging REITs have dropped to valuation lows only previously observed during the COVID-19 and Global Financial crises.
Meanwhile, timeshare valuations are also depressed, and Vail Resorts Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is now trading at its lowest multiple since 2011.
Read Next: <a href="https://www.benzinga.com/25/04/44717332/why-is-ev-maker-mullen-automotive-stock-tanking-today">Why Is EV Maker Mullen Automotive Stock Tanking Today?</a>
Photo: Shutterstock

Analyst Color

Analyst Ratings

General

CHDN

PENN

WYNN

BofA Flags Rising Risks For Gaming And Lodging Firms As Valuations Tumble

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is looking for FY2025 FFO of $0.90-$1.00 vs $0.97 analyst estimate..

Guidance

Summit Hotel Properties Sees FY2025 AFFO per common share $0.90-$1.00 vs $0.97 Est

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. This is a 9.09 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $172.93 million which beat the analyst consensus estimate of $172.08 million by 0.49 percent. This is a 2.54 percent decrease over sales of $177.44 million the same period last year.

Earnings

Earnings Beats

Summit Hotel Properties Q4 AFFO per common share $0.20, Inline, Sales $172.93M Beat $172.08M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $416.02 million. 
• Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $110.85 million. 
• Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) is projected to report earnings for its fourth quarter. 
• Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $645.84 million. 
• BioCryst Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) is expected to report quarterly loss at $0.06 per share on revenue of $127.72 million. 
• Domino's Pizza (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) is expected to report quarterly earnings at $4.95 per share on revenue of $1.48 billion. 
• Gran Tierra Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>) is projected to report earnings for its fourth quarter. 
• Westlake Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLKP#NYSE">WLKP</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $1.08 billion. 
• Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) is estimated to report quarterly earnings at $1.18 per share on revenue of $2.96 billion. 
• Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) is likely to report quarterly earnings at $2.90 per share on revenue of $2.77 billion. 
• Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) is expected to report quarterly earnings at $0.37 per share on revenue of $1.03 billion. 
• Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report quarterly earnings at $3.35 per share on revenue of $1.52 billion. 
• Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $6.46 million. 
• Azul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.01 billion. 
<h3>Companies Reporting After The Bell</h3>
• DMC Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOOM#NASDAQ">BOOM</a>) is likely to report quarterly loss at $0.29 per share on revenue of $140.50 million. 
• Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $559.19 million. 
• Clean Energy Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $99.87 million. 
• Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $78.20 million. 
• Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $159.89 million. 
• Atlas Energy Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AESI#NYSE">AESI</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $281.61 million. 
• Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $469.68 million. 
• Beyond (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) is likely to report quarterly loss at $0.75 per share on revenue of $331.06 million. 
• Coterra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $1.39 billion. 
• Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $91.03 million. 
• Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $130.25 million. 
• BWX Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>) is likely to report quarterly earnings at $0.81 per share on revenue of $720.47 million. 
• SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) is projected to report quarterly earnings at $2.22 per share on revenue of $684.39 million. 
• ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) is estimated to report quarterly earnings at $1.55 per share on revenue of $6.77 billion. 
• Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $142.03 million. 
• Artivion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AORT#NYSE">AORT</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $101.15 million. 
• EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $133.83 million. 
• Cannae Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNNE#NYSE">CNNE</a>) is projected to report quarterly loss at $0.29 per share on revenue of $105.90 million. 
• Veracyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $116.68 million. 
• Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) is estimated to report quarterly earnings at $0.76 per share on revenue of $1.59 billion. 
• Realty Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.35 billion. 
• Trip.com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $1.69 billion. 
• HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $73.55 million. 
• Myriad Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $213.34 million. 
• Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $326.77 million. 
• Topgolf Callaway Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) is likely to report quarterly loss at $0.19 per share on revenue of $885.10 million. 
• Haverty Furniture Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HVT#NYSE">HVT</a>) is likely to report quarterly earnings at $0.22 per share on revenue of $182.09 million. 
• JBT Marel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBTM#NYSE">JBTM</a>) is estimated to report quarterly earnings at $1.85 per share on revenue of $488.74 million. 
• ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $274.56 million. 
• Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) is estimated to report quarterly loss at $1.09 per share on revenue of $58.34 million. 
• Quaker Houghton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWR#NYSE">KWR</a>) is projected to report quarterly earnings at $1.61 per share on revenue of $441.87 million. 
• Apartment Inv &amp; Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIV#NYSE">AIV</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $53.10 million. 
• Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) is projected to report quarterly loss at $0.06 per share on revenue of $19.03 million. 
• Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) is projected to report quarterly loss at $0.15 per share on revenue of $200.55 million. 
• Addus HomeCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADUS#NASDAQ">ADUS</a>) is expected to report quarterly earnings at $1.35 per share on revenue of $278.36 million. 
• Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $175.99 million. 
• Ziff Davis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZD#NASDAQ">ZD</a>) is likely to report quarterly earnings at $2.63 per share on revenue of $424.40 million. 
• Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is estimated to report earnings for its fourth quarter. 
• Black Stone Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSM#NYSE">BSM</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $114.99 million. 
• LTC Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $42.81 million. 
• Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.35 per share on revenue of $1.19 billion. 
• Douglas Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $155.23 million. 
• MediaAlpha (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $289.38 million. 
• SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) is projected to report quarterly loss at $0.14 per share on revenue of $46.89 million. 
• Bridge Investment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRDG#NYSE">BRDG</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $83.69 million. 
• Tortoise Capital Series Trust Tortoise Power and Energy Infrastructure Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPZ#NYSE">TPZ</a>) is expected to report earnings for its fourth quarter. 
• Offerpad Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPAD#NYSE">OPAD</a>) is likely to report quarterly loss at $0.48 per share on revenue of $174.58 million. 
• Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $311.66 million. 
• Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) is projected to report quarterly earnings at $4.22 per share on revenue of $1.18 billion. 
• Clearway Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>) is expected to report earnings for its fourth quarter. 
• V2X (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVX#NYSE">VVX</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.10 billion. 
• Veris Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRE#NYSE">VRE</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $66.81 million. 
• GFL Environmental (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFL#NYSE">GFL</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.98 billion. 
• Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is projected to report quarterly earnings at $0.19 per share on revenue of $171.47 million. 
• Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) is estimated to report quarterly earnings at $1.88 per share on revenue of $1.29 billion. 
• Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is expected to report quarterly loss at $0.44 per share on revenue of $4.54 billion. 
• Netstreit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $43.47 million. 
• KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $2.00 billion. 
• Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $220.06 million. 
• Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) is likely to report quarterly earnings at $3.58 per share on revenue of $3.51 billion. 
• Apple Hospitality REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $324.82 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADUS

AESI

AORT

AROC

AZUL

BCRX

BOOM

BRDG

BWXT

BYON

CHGG

CIVI

CLNE

CNNE

CRGO

CTRA

CWEN

EVER

FANG

FARO

GSHD

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HLIO

HSTM

ISPO

JBTM

KSPI

LINC

MODG

MYGN

NTST

NVTS

OPAD

PLOW

PRIM

RIOT

SBAC

SIBN

SMMT

TCOM

TREX

UCTT

VCYT

VNOM

WLKP

Earnings Scheduled For February 24, 2025

Summit Hotel Properties, Through Its JV With GIC, Reveal It Is Under Contract To Acquire Hampton Inn Boston - Logan Airport And Hilton Garden Inn Tysons Corner For Combined Purchase Price Of $96M

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) narrows FY2024 FFO guidance from $0.91-0.99 to $0.92-0.98 vs $0.94 analyst estimate..

Summit Hotel Properties Narrows FY2024 FFO Guidance from $0.91-0.99 to $0.92-0.98 vs $0.94 Est

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. This is unchanged from the same period last year. The company reported quarterly sales of $176.807 million which missed the analyst consensus estimate of $181.296 million by 2.48 percent. This is a 2.75 percent decrease over sales of $181.816 million the same period last year.

Earnings Misses

Summit Hotel Properties Q3 2024 FFO $0.22 Beats $0.20 Estimate, Sales $176.807M Miss $181.296M Estimate

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.27 by 7.41 percent. The company reported quarterly sales of $193.903 million which missed the analyst consensus estimate of $193.909 million by 0 percent. This is a 0.30 percent decrease over sales of $194.493 million the same period last year.

Summit Hotel Properties Q2 2024 FFO $0.29 Beats $0.27 Estimate, Sales $193.903M Miss $193.909M Estimate

Summit Hotel Properties Sees FY24 Adj. FFO $0.90-$1.00 Vs $0.92 Est.

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.20 by 20 percent. This is a 9.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $188.142 million which beat the analyst consensus estimate of $184.847 million by 1.78 percent. This is a 3.16 percent increase over sales of $182.383 million the same period last year.

Summit Hotel Properties Q1 2024 FFO $0.24 Beats $0.20 Estimate, Sales $188.142M Beat $184.847M Estimate

U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Monday.
Shares of Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) fell sharply in today's pre-market trading after the company disclosed it estimates it could have to pay up to €1.3 billion related to its Postbank litigation.
Deutsche Bank shares dipped 7.4% to $16.46 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) shares declined 10% to $1.08 in pre-market trading.</li>
<li>Daqo New Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) shares declined 6.5% to $22.20 in pre-market trading after the company missed first-quarter EPS and sales estimates.</li>
<li>Summit Hotel Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) shares fell 4.9% to $5.83 in pre-market trading.</li>
<li>Altimmune, Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALT#NASDAQ">ALT</a>) fell 4.4% to $6.94 pre-market trading after Guggenheim downgraded the stock from Buy to Neutral.</li>
<li>Astera Labs, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) shares slipped 3.8% to $81.71 in pre-market trading after jumping over 18% on Friday.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell 3.7% to $1,235.00 in pre-market trading after gaining over 3% on Friday.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares fell 3% to $80.77 in pre-market trading after gaining around 5% on Friday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38311966/izea-worldwide-and-2-other-stocks-under-3-insiders-are-buying">IZEA Worldwide And 2 Other Stocks Under $3 Insiders Are Buying </a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Movers

ALAB

ALLG

New Oriental Education & Technology Group

MSTR

Deutsche Bank, Daqo New Energy And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Summit Hotel Properties Sees FY24 AFFO $0.90-$1.00 Vs $0.91 Est.

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. The company reported quarterly sales of $177.44 million which beat the analyst consensus estimate of $176.54 million by 0.51 percent. This is a 2.96 percent increase over sales of $172.33 million the same period last year.

Summit Hotel Properties Q4 2023 FFO $0.22 Beats $0.20 Estimate, Sales $177.44M Beat $176.54M Estimate

Every day, Wall Street analysts diligently revise and update ratings and price targets on real estate investment trusts (<a href="https://www.benzinga.com/real-estate/reit">REITs</a>). Sometimes an analyst will analyze several REITs in the same subsector. In these instances, it allows investors to compare and contrast similar stocks to identify which ones are more likely to perform the best in the future.
This week an analyst at Wolfe Research initiated coverage of four hotel REITs and set price targets on two of the four. Take a look at these four REITs to see how each stacks up against the others.
RLJ Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is a Bethesda, Maryland-based hotel REIT that owns 96 premium-branded hotels with 21,239 rooms across 23 states and Washington, D.C. Its brands include Marriott, Hilton Garden Inn, Embassy Suites and Hyatt.
While still below pre-COVID levels, the occupancy rate increased from 72.7% in the third quarter of 2022 to 74.1% in the third quarter of 2023. Average daily rates (ADR) and revenue per available room (RevPAR) are also higher by about 1.5% than a year ago.
On Jan. 10, Wolfe Research analyst Keegan Carl initiated coverage on RLJ Lodging with an Outperform rating and announced a price target of $15.
RLJ had a flurry of analyst reviews within the last three weeks. Oppenheimer &amp; Co. Inc. rates it Outperform with a $14 price target. Truist Securities calls it a Buy with a $14 price target and Wells Fargo recently maintained it as Equal-Weight with a $12.50 price target.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> Jeff Bezos-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Passive income investments are one of the most trusted methods for riding out a recession, so it's no surprise that people are turning to <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">high-yield real estate notes that pay a fixed 7.5% to 9%.</a></li>
<li>Ken Griffin says Miami will take New York's place as the U.S. Financial Capital. <a href="https://www.benzinga.com/money/ken-griffin-miami-take-new-yorks-place-financial-capital">Here's how you can invest in the city with as little as $100</a> before that happens.&nbsp;</li>
</ul>
Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) is a Bethesda, Maryland-based hotel REIT with a portfolio of 36 premium hotels and resorts consisting of 9,724 rooms in 25 key gateway cities across the U.S. While its revenue has risen this year, RevPAR is still below 2022.
On Jan. 10, Wolfe Research analyst Carl initiated coverage on Diamondrock Hospitality with an Outperform rating and announced a price target of $11.
On Dec. 8, Wells Fargo Securities analyst Dori Kesten downgraded Diamondrock Hospitality from Overweight to Equal-Weight with a $9 price target. Two weeks later, Kesten maintained the Equal-Weight rating while raising the price target to $10.
Summit Hotel Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is an Austin, Texas-based hotel REIT that partly or wholly owns 101 assets with 15,035 rooms over 24 states. Marriott, Hyatt and Hilton brands make up 95% of its portfolio.
On Nov. 1, Summit Hotel announced its third-quarter operating results. Funds from operations (FFO) of $0.22 beat the estimates by $0.04 but was below its FFO of $0.27 in the third quarter of 2022. Revenue of $181.8 million beat the estimate of $179.86 million and was ahead of revenue of $178.25 million in the third quarter of 2022.
On Jan. 10, Wolfe Research analyst Carl initiated coverage on Summit Hotel Properties with a Peer Perform rating. No price target was announced. In December, Zacks Investment Research upgraded Summit from Underperform to Neutral. Again, no price target was announced.
Xenia Hotels &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHR#NYSE">XHR</a>) is an Orlando, Florida-based hotel REIT that owns and operates 32 luxury and upscale hotels and resorts with 9,514 rooms in 25 markets across the U.S. Marriott, Hyatt and Hilton are some of the brands in its portfolio.
On Jan. 10, Wolfe Research analyst Carl initiated coverage on Xenia Hotels &amp; Resorts with a Peer Perform rating. No price target was announced.
Over the past month, other analysts also have weighed in on Xenia Hotels. Jefferies has a Hold rating with a $14 price target, Wells Fargo rates it Equal-Weight with a $14 price target, and KeyBanc Capital Markets has an Overweight rating with a $15 price target.
In its last earnings report, Xenia missed estimates for both FFO and revenue by small amounts.
The chart below compares each of the four hotel REITs on important measures:&nbsp;&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Symbol</td>
<td>Price/ FFO</td>
<td>Dividend Yield</td>
<td>Forward Payout Ratio</td>
<td>Performance Last 13 Weeks</td>
</tr>
<tr>
<td>RLJ Lodging</td>
<td>RLJ</td>
<td>7.12</td>
<td>3.46%</td>
<td>24.6%</td>
<td>17.74%&nbsp;</td>
</tr>
<tr>
<td>Diamondrock Hospitality</td>
<td>DRH</td>
<td>10.06</td>
<td>1.28%</td>
<td>12.9%</td>
<td>16.36%</td>
</tr>
<tr>
<td>Summit Hotel Properties</td>
<td>INN</td>
<td>7.71</td>
<td>3.63%</td>
<td>25.5%</td>
<td>13.55%</td>
</tr>
<tr>
<td>Xenia Hotels &amp; Resorts</td>
<td>XHR</td>
<td>8.78</td>
<td>3.02%</td>
<td>26.4%</td>
<td>11.55%</td>
</tr>
</tbody>
</table>
</figure>
The hotel REIT subsector in general is still somewhat undervalued, which can be seen by the lower price/FFO ratios in the chart above. Payout ratios are also quite low, mostly because hotel REITs were decimated in 2020 when the COVID-19 pandemic began. All four REITs severely cut the quarterly dividends that year from much higher levels. Summit Hotel suspended its dividend for over two years.
Over the past three years, all four REITs have produced substantially improved earnings and revenue, but in that time, only RLJ has raised its dividend three times. Two of those raises occurred in 2023. Summit has raised its dividend twice, and Diamondrock and Xenia have not raised the dividends at all. That suggests superior financial strength and confidence by RLJ Lodging, which is also borne out by its having the best performance record of the group over the past 13 weeks.
There are clear reasons why the analyst rated RLJ Lodging and Diamondrock as Outperform, while Summit and Xenia are rated Peer Perform. Of the four, RLJ has the lowest P/FFO ratio, the second-best dividend yield and payout ratio and the best performance over the last 13 weeks. Diamondrock has the second-best performance. However, the $15 price target for RLJ versus the $11 price target for Diamondrock is substantially better, with Diamondrock a slightly better choice than the rest and deserving of its higher rating.
Among the four hotel REITs with initiated coverage by Wolfe Research, RLJ has demonstrated its superiority over the rest of the group.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Elon Musk has reportedly bought 6,000 acres of land just outside of Austin.<a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new"> Here&#8217;s how to invest in the city&#8217;s growth</a> before he floods it with new tech workers.</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/3-high-yield-investments-boost-income">Here are 3 high-yield investments to add significant income to your portfolio</a>.</li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> real estate fund backed by Jeff Bezos</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>

REIT

Real Estate

Wolfe Research Initiates Coverage On Four Hotel REITs: How Do They Compare?

Wolfe Research analyst Keegan Carl initiates coverage on Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) with a Peer Perform rating.

Initiation

Wolfe Research Initiates Coverage On Summit Hotel Properties with Peer Perform Rating

Investors love dividend increases, both for the extra income generated as well as what they convey about the company's overall health. Dividend raises signal to shareholders that the company is experiencing growth in revenue and earnings, demonstrating its ability to pay out higher returns to its investors.
Every so often, events occur that force companies to suspend or drastically cut the dividend. This often leads to a sell-off of the shares. In 2020, hotel real estate investment trusts (REITs) suffered huge declines in revenue per available room (RevPAR) as COVID-19 crushed the number of hotel reservations and many REITs were forced to cut or suspend their dividends.
But by 2022, RevPAR began making a comeback, and hotel REITs were able to reinstate small quarterly dividends. With RevPAR growing further in 2023, several hotel REITs have greatly expanded their dividend payouts.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/3-high-yield-investments-boost-income">Here are 3 high-yield investments to add significant income to your portfolio</a>.</li>
<li>This REIT just teamed up with the company that built Elon Musk's tiny house to develop affordable housing communities. <a href="https://www.benzinga.com/alternative-investments/listing/future-of-housing-fund">Here's how you can be among the first to buy shares.</a></li>
</ul>
Take a look at four hotel REITs that have initiated huge dividend increases in 2023 and whose payout ratios still provide the potential for more increases in 2024.
Ryman Hospitality Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHP#NYSE">RHP</a>) is a Nashville, Tennessee-based hotel REIT that specializes in large upscale convention center resorts and entertainment venues. Its portfolio of nine hotels includes over 11,400 rooms and more than 3 million square feet of meeting space. Ryman also has a 70% controlling ownership interest in Opry Entertainment Group, which owns the Grand Ole Opry and other entertainment attractions.
COVID-19 forced Ryman to suspend its $0.95 quarterly dividend after the March 2020 payout, and the dividend was reinstated at $0.10 per share in September 2022. The December 2022 payout was then raised to $0.25 per share.
But Ryman has brought back the dividend with even more vigor in 2023, increasing it to $0.75 in March and then another hike to $1 for June and September. That's a 300% increase in total. The present annual yield is 4.03%, but with a payout ratio of only 40%, Ryman investors could see another dividend increase in December, or more likely sometime in 2024.
RLJ Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is a Bethesda, Maryland-based hotel REIT that owns 96 premium-branded hotels with 21,200 rooms across 23 states and Washington, D.C. Its brands include Marriott, Hilton Garden Inn, Embassy Suites and Hyatt.
To its credit, RLJ Lodging never suspended its dividend during the pandemic in 2020, but a drastic cut from $0.33 to $0.01 per share in March 2020 coincided with a 75% decline in its share price. The dividend was finally increased to $0.05 per share for both the September and December 2022 payments.
In 2023, RLJ raised the dividend to $0.08 in March and then to $0.10 in September, for a total increase of 100%. Its forward funds from operations (FFO) payout is still only 24.8%, leaving plenty of room for further increases to come. The present annual yield is 3.76%.
Summit Hotel Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is an Austin, Texas-based hotel REIT that partly or wholly owns 101 assets with 15,035 rooms in 24 states. The Marriott and Hyatt Hilton brands account for 95% of its portfolio.
Summit suspended its $0.18 quarterly dividend after February 2020 and reinstated it at $0.04 per share in August 2022. In May 2023, it hiked the dividend payment by 50% to $0.06 per share, and it has remained at that level for the last three quarters. But with a meager payout ratio of only 27.9%, it would not be surprising to see the quarterly dividend lifted again in 2024. The present dividend yield is 3.78%.&nbsp;
Host Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HST#NYSE">HST</a>) is the largest lodging REIT and one of the largest owners of luxury and upper-upscale hotels. The company owns 77 properties with 42,000 rooms across the United States. Host Hotels is the only lodging REIT member of the S&amp;P 500.
Host Hotels suspended its quarterly dividend of $0.20 per share after March 2020 but reinstated it at $0.03 per share in March 2022. Host then increased the dividend to $0.06 in June and $0.12 in September 2022. In December, it declared a special dividend of $0.20 per share to bring the total fourth-quarter dividend to $0.32.
In June 2023, Host raised the quarterly dividend from $0.12 to $0.15 per share and increased it once more to $0.18 per share in September. The total dividend growth for 2023 was 50%. The increase was initiated despite a loss of $5 million in net income and hotel earnings before interest, taxes, depreciation and amortization (EBITDA) from its Maui, Hawaii, hotels after the fires.
Host Hotel's resiliency and commitment to rewarding its shareholders is apparent, and with a 37.3% payout ratio, another dividend increase could be on the way, either in December or sometime in 2024. The $0.72 annual dividend presently yields 4.09%.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. With as little as $100, average investors are becoming landlords thanks to this <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">Jeff Bezos-backed startup</a>.</li>
<li>Elon Musk has reportedly bought 6,000 acres of land just outside of Austin.<a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new"> Here&#8217;s how to invest in the city&#8217;s growth</a> before he floods it with new tech workers.</li>
</ul>

4 Hotel REITs With Huge Dividend Increases In 2023

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.22 per share. This is a 12 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $181.82 million which beat the analyst consensus estimate of $180.50 million by 0.73 percent. This is a 2.00 percent increase over sales of $178.25 million the same period last year.

Summit Hotel Properties Q3 2023 AFFO $0.22 Down From $0.25 YoY, Sales $181.82M Beat $180.50M Estimate

Summit Hotel Properties Announced That Its Joint Venture With GIC Has Completed The Refinancing Of Its $200 Million Senior Credit Facility, Which Is Comprised Of A $125 Million Revolving Credit Facility And A $75 Million Term Loan

Dividends

Press Releases

SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2024 DIVIDENDS

SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTS

Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through GIC Joint Venture

SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 EARNINGS RELEASE DATE

SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2024 DIVIDENDS

Summit Hotel Properties Announces 2025 Annual Meeting of Stockholders

SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE DATE

SUMMIT HOTEL PROPERTIES COMPLETES $275 MILLION DELAYED DRAW TERM LOAN FINANCING

SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2025 DIVIDENDS

Ashford Hospitality Trust Inc Common Stock

Ashford Hospitality Trust

Apple Hospitality REIT, Inc. Common Shares

Apple Hospitality REIT

Braemar Hotels & Resorts Inc. Common Stock

Braemar Hotels & Resorts

Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest

Chatham Lodging

Diamondrock Hospitality Company Common Stock

Diamondrock Hospitality

Host Hotels & Resorts, Inc. - Common Stock

Host Hotels & Resorts

InnSuites Hospitality Trust Shares of Beneficial Interest

InnSuites Hospitality

Pebblebrook Hotel Trust Common Shares of Beneficial Interest

Pebblebrook Hotel

Park Hotels & Resorts

Ryman Hospitality Properties, Inc. (REIT)

Ryman Hospitality Props

RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value

RLJ Lodging

Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares

Sunstone Hotel Invts

Sotherly Hotels

Service Properties Trust - Shares of Beneficial Interest

Service Properties Trust

Xenia Hotels & Resorts, Inc. Common Stock

Comments

Summit Hotel Properties

Noticias

Últimas noticias sobre Summit Hotel Properties (NYSE:INN) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL