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Summit Hotel Properties (NYSE:INN) is a publicly traded real estate investment trust focused on owning premium-branded lodging facilities with efficient operating models primarily in the upscale segment of the lodging industry.
It will report its Q1 2025 earnings on April 30. Wall Street analysts expect the company to post EPS of $183.56 million, down from $188.14 million in the prior-year period.
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The 52-week range of Summit Hotel Properties stock price was $5.28 to $7.22.
Summit Hotel Properties' dividend yield is 5.93%. It paid $0.32 per share in dividends during the last 12 months.
The Latest On Summit Hotel Properties
On Feb. 24, the company announced its Q4 2024 earnings, posting AFFO of $0.20, in line with expectations, and revenues of $172.93 million, slightly above the consensus estimate of $172.08 million, as reported by Benzinga.
“We are pleased with our fourth quarter and full-year 2024 financial results, driven by pro forma RevPAR growth that exceeded industry average growth for the third consecutive year, effective expense management, and the continued success of our accretive capital recycling program. These efforts drove nearly six percent growth in Adjusted FFO in 2024," said CEO Jonathan P. Stanner.
The company provided its full-year 2025 guidance, expecting adjusted FFO per share in the range of $0.90 to $1.
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How Can You Earn $100 Per Month As A Summit Hotel Properties Investor?
If you want to make $100 per month — $1,200 annually — from Summit Hotel Properties dividends, your investment value needs to be approximately $20,236, which is around 3,747 shares at $5.40 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (5.93% in this case). So, $1,200 / 0.0593 = $20,236 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.