Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield [Seeking Alpha]
Summit Hotel Properties, Inc. (INN)
Last summit hotel properties, inc. earnings: 2/25 04:35 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.shpreit.com
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Play 8min Summary I find Summit Hotel Properties' preferred shares attractive due to their strong dividend coverage and relatively stable risk profile despite the hospitality sector's volatility. The REIT's AFFO of $66M in H1 comfortably covers its capex and preferred dividends, indicating a safe dividend coverage ratio. Summit Hotel Properties' balance sheet is solid, with $2.87B in assets and a net debt position of $1.3B, ensuring preferred equity safety. I prefer Series E preferred shares over Series F due to their higher yield, despite both series having similar risk profiles. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » halbergman/E+ via Getty Images Introduction While I'm not a big fan of hotel REITs, this subtype of REITs sometimes has attractive series of preferred shares in its capital structure. While this obviously reduces an investment thesis to just gen
Show less
Read more
Impact Snapshot
Event Time:
INN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INN alerts
High impacting Summit Hotel Properties, Inc. news events
Weekly update
A roundup of the hottest topics
INN
News
- How To Put $100 In Your Retirement Fund Each Month With Summit Hotel Properties Stock [Yahoo! Finance]Yahoo! Finance
- Summit Hotel Properties Inc (INN) Q3 2024 Earnings Call Highlights: Navigating Challenges and ... [Yahoo! Finance]Yahoo! Finance
- SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTSPR Newswire
- Summit Hotel Properties Inc (INN) Q3 2024 Earnings Report Preview: What To Expect [Yahoo! Finance]Yahoo! Finance
- Summit Hotel declares $0.08 dividend [Seeking Alpha]Seeking Alpha
INN
Earnings
- 11/4/24 - Miss
INN
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- INN's page on the SEC website