summit hotel properties, inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. as of november 3, 2020, the company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
Company profile
Ticker
INN, INN+F
Exchange
Website
CEO
Jonathan P. Stanner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Summit Hotel GP, LLC • Summit Hotel OP, LP • Summit Hotel TRS, Inc • Summit Hotel TRS 147-A, Inc. • Summit Hotel TRS 148, Inc. • Summit Hotel TRS 150, Inc. • Summit Hotel TRS 151, Inc. • Summit Hotel TRS 152, Inc. • Summit Hotel TRS 154, Inc. • Summit Hotel TRS 155, Inc. ...
IRS number
272962512
INN stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
28 Feb 24
8-K
Financial Statements and Exhibits
28 Feb 24
8-K
Financial Statements and Exhibits
1 Nov 23
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Amendments to Articles of Incorporation or Bylaws
25 Oct 23
8-K
Entry into a Material Definitive Agreement
21 Sep 23
8-K
Summit Hotel Properties Reports Second Quarter 2023 Results
2 Aug 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Entry into a Material Definitive Agreement
27 Jun 23
Transcripts
INN
Earnings call transcript
2023 Q3
2 Nov 23
INN
Earnings call transcript
2023 Q2
3 Aug 23
INN
Earnings call transcript
2023 Q1
4 May 23
INN
Earnings call transcript
2023 Q1
4 May 23
INN
Earnings call transcript
2022 Q4
28 Feb 23
INN
Earnings call transcript
2022 Q3
2 Nov 22
INN
Earnings call transcript
2022 Q2
4 Aug 22
INN
Earnings call transcript
2022 Q1
4 May 22
INN
Earnings call transcript
2021 Q4
24 Feb 22
INN
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
4
Christopher R. Eng
25 Mar 24
4
William Higgins Conkling
25 Mar 24
4
PAUL RUIZ
25 Mar 24
4
Jonathan P Stanner
25 Mar 24
4
Christopher R. Eng
11 Mar 24
4
Jonathan P Stanner
11 Mar 24
4
PAUL RUIZ
11 Mar 24
4
William Higgins Conkling
11 Mar 24
SC 13G/A
PRUDENTIAL FINANCIAL INC
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 66.58 mm | 66.58 mm | 66.58 mm | 66.58 mm | 66.58 mm | 66.58 mm |
Cash burn (monthly) | 1.28 mm | 2.06 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.64 mm | 12.30 mm | n/a | n/a | n/a | n/a |
Cash remaining | 58.93 mm | 54.28 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 46.1 | 26.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 206 |
Opened positions | 31 |
Closed positions | 25 |
Increased positions | 59 |
Reduced positions | 81 |
13F shares | Current |
---|---|
Total value | 556.89 bn |
Total shares | 113.19 mm |
Total puts | 100.40 k |
Total calls | 1.80 k |
Total put/call ratio | 55.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 19.88 mm | $115.31 bn |
Vanguard | 14.91 mm | $86.46 bn |
NewcrestImage | 14.91 mm | $109.86 mm |
STT State Street | 7.02 mm | $40.71 bn |
Jennison Associates | 6.12 mm | $35.50 bn |
H/2 Credit Manager | 4.93 mm | $28.57 bn |
Nuveen Asset Management | 3.74 mm | $21.68 bn |
GW&K Investment Management | 3.29 mm | $19.09 bn |
Geode Capital Management | 2.45 mm | $14.20 bn |
Victory Capital Management | 2.31 mm | $13.38 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Christopher R. Eng | Common Stock | Sale back to company | Dispose D | No | No | 0 | 26,264 | 0.00 | 310,072 |
22 Mar 24 | Christopher R. Eng | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 8,397 | 0.00 | 336,336 |
22 Mar 24 | William Higgins Conkling | Common Stock | Sale back to company | Dispose D | No | No | 0 | 64,202 | 0.00 | 523,358 |
22 Mar 24 | William Higgins Conkling | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 20,404 | 0.00 | 587,560 |
22 Mar 24 | Paul Ruiz | Common Stock | Sale back to company | Dispose D | No | No | 0 | 23,347 | 0.00 | 276,583 |
22 Mar 24 | Paul Ruiz | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 9,735 | 0.00 | 299,930 |
22 Mar 24 | Jonathan P Stanner | Common Stock | Sale back to company | Dispose D | No | No | 0 | 145,915 | 0.00 | 1,426,675 |
22 Mar 24 | Jonathan P Stanner | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 63,881 | 0.00 | 1,572,590 |
8 Mar 24 | Paul Ruiz | Common Stock (Performance-Based Vesting) | Grant | Acquire A | No | No | 0 | 44,444 | 0.00 | 309,665 |
8 Mar 24 | Paul Ruiz | Common Stock (Time-Based Vesting) | Grant | Acquire A | No | No | 0 | 29,630 | 0.00 | 265,221 |
Press releases
SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE
26 Mar 24
SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
28 Feb 24
Summit Hotel Properties Announces 2024 Annual Meeting of Stockholders
23 Feb 24
SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2023 DIVIDENDS
25 Jan 24
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RELEASE DATE
4 Jan 24