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Summit Hotel Properties Inc (INN.N)

INN.N on New York Stock Exchange

17.95USD
25 May 2017
Change (% chg)

$0.31 (+1.76%)
Prev Close
$17.64
Open
$17.85
Day's High
$18.03
Day's Low
$17.80
Volume
333,237
Avg. Vol
306,403
52-wk High
$18.03
52-wk Low
$11.54

Latest Key Developments (Source: Significant Developments)

Summit Hotel Properties prices public offering of 9 mln shares at $16.50/share
Tuesday, 9 May 2017 11:01pm EDT 

May 9 (Reuters) - Summit Hotel Properties Inc ::Announces pricing of public offering of common stock.Says public offering of 9.00 million common shares priced at $16.50per share.  Full Article

Summit Hotel Properties announces public offering of common stock
Tuesday, 9 May 2017 04:08pm EDT 

May 9 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties announces public offering of common stock.Says offering 9.00 million common shares.  Full Article

Summit Hotel Properties reports Q1 adjusted FFO per share $0.32
Wednesday, 3 May 2017 04:40pm EDT 

May 3 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties reports first quarter 2017 results.Q1 adjusted FFO per share $0.32.Summit Hotel Properties Inc - Qtrly pro forma revenue per available room grew to $112.50, an increase of 1.5 percent.Summit Hotel Properties Inc qtrly same-store revpar grew to $109.78, an increase of 0.2 percent over same period in 2016.Summit Hotel Properties Inc - Qtrly FFO per diluted share and unit $ 0.30.Summit Hotel Properties Inc - "Maintaining our full year 2017 outlook for revpar growth and adjusted FFO per share".  Full Article

Summit Hotel Properties increases common dividend by 5 pct
Friday, 28 Apr 2017 04:30pm EDT 

April 28 (Reuters) - Summit Hotel Properties Inc -:Summit Hotel Properties increases common dividend by 5% and declares first quarter 2017 dividends.Summit Hotel Properties- declared, cash dividend for q1 2017, of $0.17 per share of common stock of company and per common unit of lp interest in summit hotel op, lp.Summit Hotel Properties Inc - co's q1 common dividend represents increase of $0.0075 per share, or 4.6 percent, over prior quarter's common dividend.  Full Article

Summit Hotel Properties Q4 adjusted FFO per share $0.30
Thursday, 23 Feb 2017 04:45pm EST 

Summit Hotel Properties Inc : Summit Hotel Properties reports fourth quarter and full year 2016 results . Q4 adjusted FFO per share $0.30 . Qtrly pro forma revpar grew to $103.05, an increase of 1.0 percent over same period in 2015 . Qtrly same-store revpar grew to $97.74, an increase of 0.3 percent over same period in 2015. . Summit Hotel Properties Inc sees full year 2017 pro forma revpar $113.50 versus $115.75 . Sees Q1 2017 affo per diluted share and unit between $0.29 to $0.31 . Q1 FFO per share view $0.34 -- Thomson Reuters I/B/E/S . Q4 FFO per share view $0.26 -- Thomson Reuters I/B/E/S . Sees FY 2017 affo per diluted share and unit between $1.34 to $1.42 .Fy2017 FFO per share view $1.43 -- Thomson Reuters I/B/E/S.  Full Article

Summit Hotel Properties appoints Daniel P. Hansen to chairman
Wednesday, 18 Jan 2017 04:35pm EST 

Summit Hotel Properties Inc - : Summit Hotel Properties appoints Daniel P. Hansen to chairman . Hansen succeeds Thomas W. Store .Jones will also continue his role as chair of audit committee.  Full Article

Summit Hotel increases quarterly dividend by 23 percent
Monday, 31 Oct 2016 04:30pm EDT 

Summit Hotel Properties Inc - : Increases quarterly dividend by 23 percent .Declared, a cash dividend for Q3 ended September 30, 2016, of $0.1625 per share.  Full Article

Summit Hotel Properties posts Q2 adj. FFO per share $0.42
Tuesday, 2 Aug 2016 04:40pm EDT 

Summit Hotel Properties Inc : Qtrly same-store REVPAR grew to $117.44, an increase of 6.5 percent over same period in 2015 . Qtrly FFO per share $0.37 . Q2 adjusted FFO per share $0.42 . Q2 FFO per share view $0.39 -- Thomson Reuters I/B/E/S . FY2016 FFO per share view $1.31 -- Thomson Reuters I/B/E/S . Summit Hotel Properties Inc qtrly Q3 2016 pro forma REVPAR $112.00 to $114.00 . Summit Hotel Properties Inc sees Q3 2016 adjusted FFO per diluted share and unit $0.32 to $0.34 . Summit Hotel Properties Inc sees full year 2016 pro forma revpar $111.50 to $113.00; sees FY 2016 adjusted FFO per diluted share and unit $ 1.32 to $1.36 .Q3 FFO per share view $0.35 -- Thomson Reuters I/B/E/S.  Full Article

Summit Hotel Properties announces sale of a hotel for $10.5 million
Tuesday, 31 May 2016 05:04pm EDT 

Summit Hotel Properties Inc :Summit Hotel Properties announces the sale of a hotel for $10.5 million.  Full Article

Summit Hotel Properties raises Q2 2016 RevPAR and FFO outlook; and raises FY 2016 RevPAR and FFO outlook
Tuesday, 3 May 2016 04:45pm EDT 

Summit Hotel Properties:Expects Q2 2016 Pro forma RevPARgrowth of 5.0% to 7.0% pct.Expects Q2 2016 RevPAR growth (same-store 74) of 5.0% to 7.0% pct.Expects Q2 2016 adjusted FFO per diluted share and unit of $0.39 - $0.41.Expects FY 2016 Pro forma RevPAR growth of 4.00 pct - 5.50 pct.Expects FY 2016 RevPAR growth (same-store 74) of 4.00 pct - 5.50 pct.Expects FY 2016 adjusted FFO per diluted share and unit of $1.31 - $1.37.  Full Article

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