The COB, Pres & CEO of Summit Hotel Properties (INN) is Buying Shares


Today, the COB, Pres & CEO of Summit Hotel Properties (INN), Daniel P. Hansen, bought shares of INN for $113.5K.

Following this transaction Daniel P. Hansen’s holding in the company was increased by 1.01% to a total of $11.31 million.

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Based on Summit Hotel Properties’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $142 million and quarterly net profit of $37.78 million. In comparison, last year the company earned revenue of $136 million and had a net profit of $22.32 million. INN’s market cap is $1.18B and the company has a P/E ratio of 15.96. Currently, Summit Hotel Properties has an average volume of 675.4K.

Daniel P. Hansen’s trades have generated a 7.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Summit Hotel Properties, Inc. is a real estate investment trust. The company operates as a self-managed hotel investment company. It focuses on acquiring and owning premium-branded, select-service hotels in the upscale and upper-midscale segments of the U.S. lodging industry.

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