2 weeks Ago By ABMN Staff
Intech Investment Management LLC bought a new position in Summit Hotel Properties, Inc. ( NYSE:INN – Free Report ) in the 2nd quarter, Holdings Channel reports. The firm bought 35,335 shares of the real estate investment trust’s stock, valued at approximately $212,000.
Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC lifted its holdings in shares of Summit Hotel Properties by 7.6% in the 1st quarter.
Jennison Associates LLC now owns 5,357,138 shares of the real estate investment trust’s stock worth $34,875,000 after buying an additional 379,223 shares during the period. US Bancorp DE lifted its holdings in shares of Summit Hotel Properties by 46.2% in the 1st quarter.
US Bancorp DE now owns 148,424 shares of the real estate investment trust’s stock worth $966,000 after buying an additional 46,895 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Summit Hotel Properties by 1.5% in the 1st quarter.
CANADA LIFE ASSURANCE Co now owns 236,446 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 3,540 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Summit Hotel Properties by 8.
3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,781 shares of the real estate investment trust’s stock worth $429,000 after buying an additional 5,036 shares during the period.
Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Summit Hotel Properties by 8.
9% in the 4th quarter. Nomura Asset Management Co. Ltd.
now owns 125,300 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 10,200 shares during the period. 96.47% of the stock is currently owned by hedge funds and other institutional investors.
Summit Hotel Properties Price Performance Shares of INN stock opened at $6.87 on Friday. Summit Hotel Properties, Inc.
has a twelve month low of $5.31 and a twelve month high of $7.08.
The stock has a market capitalization of $743.28 million, a price-to-earnings ratio of -28.63 and a beta of 2.
04. The stock has a fifty day simple moving average of $6.50 and a two-hundred day simple moving average of $6.
24. The company has a current ratio of 0.89, a quick ratio of 0.
89 and a debt-to-equity ratio of 0.99. Summit Hotel Properties Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th.
Investors of record on Friday, August 16th were paid a dividend of $0.08 per share. This represents a $0.
32 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, August 16th.
Summit Hotel Properties’s dividend payout ratio (DPR) is currently -133.33%. About Summit Hotel Properties ( 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. Further Reading Want to see what other hedge funds are holding INN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Summit Hotel Properties, Inc.
( NYSE:INN – Free Report ). Receive News & Ratings for Summit Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter .
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