Dimensional Fund Advisors LP Sells 200,688 Shares of Summit Hotel Properties, Inc. $INN

Key Points

• Dimensional Fund Advisors reduced its Summit Hotel Properties stake by 13.3%, selling 200,688 shares in the first quarter. It still held 1.31 million shares, worth approximately $5.77 million, while institutional investors collectively owned 96.47% of the company.
• Summit Hotel Properties reported quarterly EPS of $0.04, beating the consensus estimate of a $0.01 loss, and generated $199.02 million in revenue. Management issued fiscal 2026 EPS guidance of $0.79–$0.85.
• The REIT declared a quarterly dividend of $0.08 per share, equivalent to an annualized $0.32 payout and a 5.3% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $5.40 versus the stock’s reported $6.04 price.

Dimensional Fund Advisors LP trimmed its stake in Summit Hotel Properties, Inc. (NYSE:INN - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,305,373 shares of the real estate investment trust's stock after selling 200,688 shares during the period. Dimensional Fund Advisors LP owned about 1.20% of Summit Hotel Properties worth $5,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Summit Hotel Properties in the third quarter valued at approximately $35,000. Corient Private Wealth LLC purchased a new position in Summit Hotel Properties during the 4th quarter worth $52,000. CIBC Asset Management Inc bought a new stake in Summit Hotel Properties during the 4th quarter valued at $52,000. BNP Paribas Financial Markets raised its position in Summit Hotel Properties by 53.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 3,773 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Summit Hotel Properties by 148.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust's stock worth $55,000 after buying an additional 6,442 shares during the period. 96.47% of the stock is currently owned by institutional investors.

Summit Hotel Properties Stock Performance

INN stock opened at $6.04 on Wednesday. Summit Hotel Properties, Inc. has a one year low of $3.97 and a one year high of $7.17. The firm has a market cap of $650.87 million, a price-to-earnings ratio of -26.24 and a beta of 1.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a 50-day simple moving average of $6.59 and a two-hundred day simple moving average of $5.39.

Summit Hotel Properties (NYSE:INN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $199.02 million for the quarter, compared to the consensus estimate of $198.41 million. Summit Hotel Properties had a negative net margin of 0.99% and a negative return on equity of 0.60%. Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. On average, equities analysts forecast that Summit Hotel Properties, Inc. will post 0.75 EPS for the current fiscal year.

Summit Hotel Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, August 17th. Summit Hotel Properties's dividend payout ratio is currently -139.13%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INN. Weiss Ratings raised Summit Hotel Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. Raymond James Financial restated an "outperform" rating and issued a $7.00 price objective on shares of Summit Hotel Properties in a report on Monday, June 8th. Finally, Zacks Research raised shares of Summit Hotel Properties from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Summit Hotel Properties currently has an average rating of "Moderate Buy" and a consensus price target of $5.40.

About Summit Hotel Properties

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company's portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.

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