Home Dividends High Dividend Yield Latest Performance: Summit Hotel Properties (NYSE: INN)

Latest Performance: Summit Hotel Properties (NYSE: INN)

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Summit Hotel Properties is part of the real estate sector and is part of the REITs industry. The company CEO is Daniel Hansen. Summit Hotel Properties Inc is a self-managed hotel investment company. The Company is engaged in acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry.

Previous Intraday Trading Performance:

The INN stock showed a previous change of 0.34% with an open at 11.72 and a close of 11.71. It reached an intraday high of 11.76 and a low of 11.55.

SeekingAlpha:  Summit Hotel Properties (INN) Investor Presentation – Slideshow

Liquidity:

The stock has a market cap of $1.2b with 105.1m shares outstanding, of which the float is 101.2m shares. Trading volume reached 362,668 shares compared to its average volume of 482,270 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Summit Hotel Properties shares returned 0.95% and in the past 30 trading days it returned -3.33%. Over three months, it changed 3.04%. In one year it has changed -13.01% and within that year its 52-week high was 14.80 and its 52-week low was 9.29. INN stock is 26.05% above its 52 Week Low.

Our calculations show a 200 day moving average of 11.36 and a 50 day moving average of 11.75. Currently INN stock is trading 3.07% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Summit Hotel Properties (INN) Investor Presentation – Slideshow

Earnings:

The last annual fiscal EPS for the company was reported at 0.68 that ended on 31st of December 2018, which according to the previous close, that is a PE of 17.22. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.28. The TTM EPS is 1.08, which comes to a TTM PE of 10.84.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/01/2019): 0.09
4thQtr of 2018 (Reported on 02/26/2019): 0.02
3rdQtr of 2018 (Reported on 10/30/2018): 0.33
2ndQtr of 2018 (Reported on 08/01/2018): 0.32
1stQtr of 2018 (Reported on 05/02/2018): 0.01

The dividend per share is currently 0.72, which is a dividend yield of 6.15%.

Base on our calculations, the intrinsic value per share is 14.83, which means it is possibly undervalued and has a margin of safety of 21.02%.

Indicators to Watch:

Short-interest was 9,278,115, which was 8.83% of shares outstanding. The short-interest ratio or days-to-cover ratio was 16.89. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.28.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 7.03%, return on assets is 3.71%, profit margin is 16.73%, price-to-sales is 2.17 and price-to-book is 1.04.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 4  :Past Performance Score
 1  :Financial Strength Score
 0  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.