Dividend Worth Mentioning Today: $0.16 dividends will be a reality for Summit Hotel Properties, Inc. (NYSE:INN)’s shareholders on Nov 30, 2016.

Dividend Worth Mentioning Today: $0.16 dividends will be a reality for Summit Hotel Properties, Inc. (NYSE:INN)'s shareholders on Nov 30, 2016.

Summit Hotel Properties, Inc. (NYSE:INN) is expected to pay $0.16 on Nov 30, 2016. The indicated annual dividend is $0.65. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Summit Hotel Properties, Inc.’s current price of $13.78, the dividend is 1.18%. This dividend’s record date is Nov 16, 2016 and the announcement date is Nov 1, 2016. The stock increased 3.61% or $0.48 on November 11, hitting $13.78. About 739,489 shares traded hands or 56.51% up from the average. Summit Hotel Properties Inc (NYSE:INN) has risen 19.83% since April 12, 2016 and is uptrending. It has outperformed by 14.84% the S&P500.

Summit Hotel Properties, Inc. is a holding firm and conducts all of its activities through its Summit Hotel OP, LP . The company has a market cap of $1.25 billion. The Firm is a real estate investments trust (REIT) and self-managed hotel investment company. It has a 7.34 P/E ratio. The Firm operates in the segment of activities related to investing in real estate.

Insitutional Activity: The institutional sentiment increased to 1.58 in 2016 Q2. Its up 0.32, from 1.26 in 2016Q1. The ratio improved, as 15 funds sold all Summit Hotel Properties Inc shares owned while 54 reduced positions. 29 funds bought stakes while 80 increased positions. They now own 81.38 million shares or 1.52% more from 80.16 million shares in 2016Q1.
Blackrock has invested 0% of its portfolio in Summit Hotel Properties Inc (NYSE:INN). Moreover, Teachers Advisors has 0.03% invested in Summit Hotel Properties Inc (NYSE:INN) for 1.11 million shares. Shell Asset Mgmt has invested 0.05% of its portfolio in Summit Hotel Properties Inc (NYSE:INN). Heitman Real Estate Securities owns 892,520 shares or 0.64% of their US portfolio. Vsr Serv Incorporated reported 21,107 shares or 0.05% of all its holdings. Clearbridge Lc has invested 0.18% of its portfolio in Summit Hotel Properties Inc (NYSE:INN). Credit Agricole S A holds 0% or 29,056 shares in its portfolio. Nomura Asset accumulated 54,780 shares or 0.01% of the stock. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 64,702 shares. Proshare Advsrs Ltd Com, a Maryland-based fund reported 12,544 shares. Genesee Valley Trust, a New York-based fund reported 18,340 shares. Principal Gru last reported 628,255 shares in the company. The New York-based Morgan Stanley has invested 0% in Summit Hotel Properties Inc (NYSE:INN). Moreover, Old Second State Bank Of Aurora has 0.13% invested in Summit Hotel Properties Inc (NYSE:INN) for 20,886 shares. North Star holds 0% or 200 shares in its portfolio.

Summit Hotel Properties Inc (NYSE:INN) Ratings Coverage

Out of 4 analysts covering Summit Hotel Properties (NYSE:INN), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $16 is the highest target while $13 is the lowest. The $14.36 average target is 4.21% above today’s ($13.78) stock price. Summit Hotel Properties has been the topic of 11 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, January 8 by BB&T Capital. RBC Capital Markets maintained Summit Hotel Properties Inc (NYSE:INN) on Monday, January 4 with “Outperform” rating. The stock of Summit Hotel Properties Inc (NYSE:INN) earned “Underperform” rating by Bank of America on Tuesday, July 21. On Friday, August 28 the stock rating was upgraded by Robert W. Baird to “Outperform”. The rating was initiated by Janney Capital on Thursday, March 10 with “Buy”.

More notable recent Summit Hotel Properties Inc (NYSE:INN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Summit Hotel Properties, Simon Property Group and AFLAC” on November 10, 2016, also Prnewswire.com with their article: “Summit Hotel Properties Increases Common Dividend By 23% And Declares Third …” published on October 31, 2016, Prnewswire.com published: “Summit Hotel Properties Announces Third Quarter 2016 Earnings Release Date” on October 11, 2016. More interesting news about Summit Hotel Properties Inc (NYSE:INN) were released by: Prnewswire.com and their article: “Summit Hotel Properties Prices Public Offering Of 6.45% Series D Cumulative …” published on June 21, 2016 as well as Prnewswire.com‘s news article titled: “Summit Hotel Properties Reports Second Quarter 2016 Results” with publication date: August 02, 2016.

INN Company Profile

Summit Hotel Properties, Inc., incorporated on June 30, 2010, is a holding firm and conducts all of its activities through its operating partnership. The Firm is a real estate investments trust (REIT) and self-managed hotel investment company. The Firm operates in the segment of activities related to investing in real estate. The Firm is focused on owning premium-branded, select-service hotels in the Upscale and Upper-midscale divisions of the United States lodging industry. The Firm holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). The Company’s hotels are leased to subsidiaries (TRS Lessees) of Summit Hotel TRS, Inc., its taxable REIT subsidiary (TRS).

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