Summit Hotel Properties Announces $50M Share Buyback Plan

Dow Jones

2025/05/01

By Stephen Nakrosis

Summit Hotel Properties said its board has authorized the purchase of $50 million of common stock.

The new share repurchase program may be suspended or discontinued at any time, the company said.

The real estate investment trust has a market cap of $516.9 million, 111.38 million shares outstanding and a public float of 105.42 million shares.

The company's shares finished Wednesday's regular session basically flat at $4.07.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 30, 2025 18:47 ET (22:47 GMT)

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