3 REITs With Big Dividend Growth and Sustainable Payouts
When it comes to earning investment income, one of the most relevant investment vehicles is Real Estate Investment Trusts (REITs). REITs must distribute at least 90% of their taxable earnings out as dividends.
Summit Hotel Properties, Inc. (INN) Q3 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel - EVP of Corporate Development Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3 2024 Earnings Conference Call.
Summit Hotel Properties (INN) Q3 FFO and Revenues Beat Estimates
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.22 per share a year ago.
Summit Hotel Properties: Swapping A 6.96% Yield For A 7.44% Yield
I find Summit Hotel Properties' preferred shares attractive due to their strong dividend coverage and relatively stable risk profile despite the hospitality sector's volatility. The REIT's AFFO of $66M in H1 comfortably covers its capex and preferred dividends, indicating a safe dividend coverage ratio. Summit Hotel Properties' balance sheet is solid, with $2.87B in assets and a net debt position of $1.3B, ensuring preferred equity safety.
Summit Hotel Properties (INN) Shows Fast-paced Momentum But Is Still a Bargain Stock
Summit Hotel Properties (INN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Summit Hotel Properties, Inc. (INN) Hit a 52 Week High, Can the Run Continue?
Summit Hotel Properties (INN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Are Investors Undervaluing Summit Hotel Properties (INN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here Is Why Bargain Hunters Would Love Fast-paced Mover Summit Hotel Properties (INN)
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Summit Hotel Properties (INN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Summit Hotel Properties, Inc. (INN) Q2 2024 Earnings Call Transcript
Summit Hotel Properties, Inc. (NYSE:INN ) Q2 2024 Earnings Call July 30, 2024 9:00 AM ET Company Participants Adam Wudel - Senior Vice President, Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief Financial Officer Conference Call Participants Dany Asad - Bank of America Michael Bellisario - Baird Chris Woronka - Deutsche Bank Operator Welcome to the Summit Hotel Properties 2024 Second Quarter Earnings Conference Call. I will now be passing the line to Adam Wudel, Senior Vice President of Finance, Capital Markets and Treasurer.
Summit Hotel Properties (INN) Q2 FFO and Revenues Top Estimates
Summit Hotel Properties (INN) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.27 per share a year ago.
All You Need to Know About Summit Hotel Properties (INN) Rating Upgrade to Strong Buy
Summit Hotel Properties (INN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is Summit Hotel Properties (INN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
