1 week Ago By Defense World Staff
Invesco Ltd. raised its stake in Summit Hotel Properties, Inc. (NYSE:INN – Free Report) by 3.
6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,435 shares of the real estate investment trust’s stock after purchasing an additional 15,651 shares during the quarter. Invesco Ltd.
owned approximately 0.41% of Summit Hotel Properties worth $3,072,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in INN.
Jennison Associates LLC raised its holdings in shares of Summit Hotel Properties by 21.6% in the 4th quarter. Jennison Associates LLC now owns 6,704,189 shares of the real estate investment trust’s stock valued at $45,924,000 after purchasing an additional 1,191,506 shares during the period.
Geode Capital Management LLC raised its stake in Summit Hotel Properties by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,788,634 shares of the real estate investment trust’s stock valued at $19,134,000 after buying an additional 56,027 shares during the period.
Victory Capital Management Inc. lifted its position in shares of Summit Hotel Properties by 5.8% in the fourth quarter.
Victory Capital Management Inc. now owns 2,577,615 shares of the real estate investment trust’s stock valued at $17,657,000 after buying an additional 141,010 shares during the last quarter. Charles Schwab Investment Management Inc.
boosted its stake in shares of Summit Hotel Properties by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,590,760 shares of the real estate investment trust’s stock worth $10,897,000 after acquiring an additional 24,925 shares during the period. Finally, Barclays PLC increased its holdings in shares of Summit Hotel Properties by 40.2% during the 3rd quarter.
Barclays PLC now owns 1,193,305 shares of the real estate investment trust’s stock worth $8,185,000 after acquiring an additional 342,408 shares during the last quarter. 96.47% of the stock is owned by institutional investors.
Summit Hotel Properties Trading Up 0.3 %Shares of Summit Hotel Properties stock opened at $3.97 on Monday.
Summit Hotel Properties, Inc. has a 1 year low of $3.57 and a 1 year high of $7.
22. The company has a market capitalization of $442.19 million, a price-to-earnings ratio of 397.
00, a P/E/G ratio of 1.54 and a beta of 1.78.
The business has a fifty day simple moving average of $5.23 and a two-hundred day simple moving average of $6.11.
The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.
78. Summit Hotel Properties Announces DividendThe business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.
08 per share. This represents a $0.32 annualized dividend and a dividend yield of 8.
06%. The ex-dividend date is Friday, May 16th. Summit Hotel Properties’s payout ratio is 177.
78%. Summit Hotel Properties Company Profile (Free Report)Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company’s portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.
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