Worth Watching Stock for Traders: Summit Hotel Properties (NYSE: INN)

Summit Hotel Properties (NYSE: INN) changed 0.97% to recent value of $11.49. The stock transacted 462321 shares during most recent day however it has an average volume of 567.9K shares. It spotted trading -22.31% off 52-week high price. On the other end, the stock has been noted 23.68% away from the low price over the last 52-weeks.

On July 29, 2019, Summit Hotel Properties (NYSE: INN) announced  that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2019, of $0.18 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company’s operating partnership.  The Company’s second quarter common dividend represents an annualized dividend yield of 6.3 percent based on the closing price of shares of the common stock on July 26, 2019.

The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.403125 per share of the Company’s 6.45% Series D Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2019, and a cash dividend of $0.390625 per share of the Company’s 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2019.

The dividends are payable on August 30, 2019 to holders of record as of August 16, 2019.

INN has a gross margin of 44.30%.Its earnings per share (EPS) expected to touch remained -14.30% for this year.The company has 105.82M of outstanding shares and 103.03M shares were floated in the market.  The price moved ahead of 0.21% from the mean of 20 days, -0.93% from mean of 50 days SMA and performed 1.22% from mean of 200 days price. Company’s performance for the week was 2.04%, 0.35% for month and YTD performance remained 18.09%.

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