SG Americas Securities LLC Invests $147,000 in Summit Hotel Properties, Inc. (NYSE:INN)

SG Americas Securities LLC acquired a new stake in Summit Hotel Properties, Inc. (NYSE:INN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,487 shares of the real estate investment trust’s stock, valued at approximately $147,000.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its position in Summit Hotel Properties by 3,505.8% during the third quarter. Loomis Sayles & Co. L P now owns 7,464 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 7,257 shares during the period. Sunbelt Securities Inc. bought a new position in Summit Hotel Properties in the 3rd quarter valued at approximately $57,000. KBC Group NV raised its holdings in Summit Hotel Properties by 76.5% in the 3rd quarter. KBC Group NV now owns 9,177 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 3,979 shares during the last quarter. Metis Global Partners LLC acquired a new stake in shares of Summit Hotel Properties in the third quarter valued at about $81,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Summit Hotel Properties by 193.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,147 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 8,006 shares during the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.

Summit Hotel Properties Stock Down 0.5 %

Shares of NYSE INN opened at $6.67 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.01. Summit Hotel Properties, Inc. has a 12-month low of $5.66 and a 12-month high of $7.22. The company’s fifty day simple moving average is $6.75 and its 200 day simple moving average is $6.59. The firm has a market cap of $722.62 million, a PE ratio of 666.50 and a beta of 2.02.

Summit Hotel Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 4.80%. Summit Hotel Properties’s payout ratio is 3,200.00%.

Summit Hotel Properties Company Profile

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.