CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
Summit Hotel Properties Inc . (NYSE:INN) stock has reached a new 52-week low, touching down at $5.3 USD, representing a significant 26.6% decline from its 52-week high of $7.22. According to InvestingPro data, the company maintains a Fair dividend yield of 5.88% and has raised its dividend for three consecutive years. This latest price point marks a significant downturn for the real estate investment trust, which specializes in owning premium-branded hotels. Over the past year, the company has seen its stock value decrease by 18.51%, reflecting broader market trends and challenges specific to the hospitality industry. Despite the downturn, InvestingPro analysis reveals the company is trading at attractive valuations with a P/E ratio of 22.38 and a strong free cash flow yield. The company maintains a "Fair" overall financial health score, with particularly strong marks in relative value and growth metrics. Investors are closely monitoring the stock as it navigates through a period of economic uncertainty and shifting travel patterns, which have heavily influenced the sector’s performance. For deeper insights and 8 additional exclusive ProTips about INN, access the comprehensive Pro Research Report on InvestingPro.
In other recent news, Summit Hotel Properties reported its fourth-quarter 2024 earnings, showcasing a stronger-than-expected performance. The company achieved an earnings per share (EPS) of $0.01, significantly surpassing the anticipated loss of $0.08. Revenue for the quarter was $172.93 million, slightly above the forecasted $171.04 million. Despite these positive results, the company’s stock price experienced a decline after the announcement. Summit Hotel Properties also reported a nearly 6% increase in adjusted funds from operations (FFO) for the full year 2024, reaching $119.2 million.
Looking ahead, the company anticipates RevPAR growth of 1-3% for 2025, with an adjusted EBITDA range of $184 million to $198 million. The firm is optimistic about the recovery of business transient travel and expects continued strength in urban and suburban markets. Summit Hotel Properties has been active in acquisitions, purchasing the Hampton Inn Boston Logan Airport and Hilton Garden Inn Tysons Corner for $96 million, which are expected to perform well given strong market dynamics. Analyst discussions during the earnings call focused on strategic capital allocation and the outlook for business travel recovery.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.