Summit Hotel Ownership
| INN Stock | USD 6.59 0.12 1.79% |
Shares in Circulation | First Issued 2010-12-31 | Previous Quarter 149 M | Current Value 106 M | Avarage Shares Outstanding 86.1 M | Quarterly Volatility 29.9 M |
Summit |
Summit Stock Ownership Analysis
About 96.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.8. Some equities with similar Price to Book (P/B) outperform the market in the long run. Summit Hotel Properties last dividend was issued on the 14th of February 2025. 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 Companys portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states. Summit Hotel operates under REITHotel Motel classification in the United States and is traded on New York Stock Exchange. It employs 63 people. To learn more about Summit Hotel Properties call Daniel Hansen at 512 538 2300 or check out https://www.shpreit.com.Besides selling stocks to institutional investors, Summit Hotel also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Summit Hotel's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Summit Hotel's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Summit Hotel Quarterly Liabilities And Stockholders Equity |
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Summit Hotel Insider Trades History
Roughly 3.0% of Summit Hotel Properties are currently held by insiders. Unlike Summit Hotel's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Summit Hotel's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Summit Hotel's insider trades
Summit Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Summit Hotel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Summit Hotel Properties backward and forwards among themselves. Summit Hotel's institutional investor refers to the entity that pools money to purchase Summit Hotel's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Deutsche Bank Ag | 2024-09-30 | 1.6 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.6 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1.6 M | Barclays Plc | 2024-09-30 | 1.2 M | Northern Trust Corp | 2024-09-30 | 1.2 M | Grace & White Inc | 2024-12-31 | 1.1 M | Systematic Financial Management Lp | 2024-09-30 | 1 M | Globeflex Capital, L.p. | 2024-09-30 | 919.7 K | Bank Of Montreal | 2024-09-30 | 859.1 K | Blackrock Inc | 2024-09-30 | 21.1 M | Vanguard Group Inc | 2024-09-30 | 15.5 M |
Summit Hotel Properties Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Summit Hotel insiders, such as employees or executives, is commonly permitted as long as it does not rely on Summit Hotel's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Summit Hotel insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Summit Hotel Outstanding Bonds
Summit Hotel issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Summit Hotel Properties uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Summit bonds can be classified according to their maturity, which is the date when Summit Hotel Properties has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| US866082AA86 Corp BondUS866082AA86 | View |
Summit Hotel Corporate Filings
F4 | 6th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
10Q | 4th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 29th of July 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Pair Trading with Summit Hotel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Hotel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Hotel will appreciate offsetting losses from the drop in the long position's value.Moving against Summit Stock
| 0.65 | ARE | Alexandria Real Estate | PairCorr |
| 0.65 | CCI | Crown Castle | PairCorr |
| 0.65 | SOHOB | Sotherly Hotels Series | PairCorr |
| 0.61 | IRM | Iron Mountain | PairCorr |
| 0.6 | HIW | Highwoods Properties Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Summit Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Hotel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Hotel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Hotel Properties to buy it.
The correlation of Summit Hotel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Hotel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Hotel Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Summit Hotel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Hotel & Resort REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.28 | Earnings Share 0.05 | Revenue Per Share | Quarterly Revenue Growth (0.03) |
The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.