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Summit Hotel Properties (INN)

(Real Time Quote from BATS)

$6.15 USD

6.15
152,085

+0.01 (0.16%)

Updated Apr 19, 2024 01:39 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value C Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 34% (86 out of 250)

Industry: REIT and Equity Trust - Other

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Balance Sheet

Research for INN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Summit Hotel Properties, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 48 62 97 39 70
Receivables 21 21 14 12 13
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 69 83 111 51 83
Net Property & Equipment 0 0 0 0 0
Investments & Advances 2,731 2,793 2,093 2,131 2,217
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 7 7 4 4 5
Intangibles 0 0 0 0 0
Deposits & Other Assets 98 105 29 18 21
Total Assets 2,939 3,022 2,265 2,233 2,356
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 5 6 4 3 5
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 81 81 66 65 72
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 86 87 71 68 77
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,431 1,452 1,070 1,095 1,016
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 50 50 0 0 0
Total Liabilities 1,593 1,614 1,158 1,181 1,112
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 1,239 1,232 1,225 1,197 1,191
Retained Earnings -340 -288 -263 -179 -2
Other Equity 446 463 143 33 54
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,346 1,408 1,107 1,052 1,243
Total Liabilities & Shareholder's Equity 2,939 3,022 2,265 2,233 2,356
Total Common Equity 1,346 1,408 1,107 1,052 1,243
Shares Outstanding 107.50 106.90 106.40 105.70 105.10
Book Value Per Share 12.52 13.17 10.40 9.95 11.83

Fiscal Year End for Summit Hotel Properties, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 48 67 70 72
Receivables NA 21 24 22 24
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 69 91 93 96
Net Property & Equipment NA 0 0 0 0
Investments & Advances NA 2,731 2,831 2,856 2,777
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 7 7 7 7
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 98 51 42 113
Total Assets NA 2,939 3,015 3,034 3,028
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 5 7 5 5
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 81 92 89 87
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 86 99 94 92
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,431 1,445 1,451 1,467
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 50 50 50 50
Total Liabilities NA 1,593 1,620 1,622 1,636
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1 1 1 1
Capital Surplus NA 1,239 1,237 1,235 1,232
Retained Earnings NA -340 -317 -305 -298
Other Equity NA 446 474 481 457
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,346 1,395 1,412 1,393
Total Liabilities & Shareholder's Equity NA 2,939 3,015 3,034 3,028
Total Common Equity 0 1,346 1,395 1,412 1,393
Shares Outstanding 107.50 107.50 107.50 107.50 107.40
Book Value Per Share 0.00 12.52 12.98 13.13 12.97