SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'rank_momentum' INNPRACL.PFD (Summit Hotel Properties) Momentum Rank
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNPRACL.PFD) » Definitions » Momentum Rank

Summit Hotel Properties (Summit Hotel Properties) Momentum Rank

: 7 (As of Today)
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Summit Hotel Properties has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Summit Hotel Properties Momentum Rank Distribution

For the REITs industry and Real Estate sector, Summit Hotel Properties's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's Momentum Rank falls into.


Summit Hotel Properties Momentum Rank Related Terms

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Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNPRACL.PFD) » Definitions » Momentum Rank
Comparable Companies
CLDT HT BHR AHT SOHO IHT SVC XHR PEB RLJ HST RHP APLE TSE:8963 XPAR:COVH PK TSE:8985 SHO DRH TSE:3287
Traded in Other Exchanges
INNpE.PFD:USA INN:USA
Address
13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738
Website
https://www.shpreit.com
Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.