Public Employees Retirement System of Ohio Buys New Holdings in Summit Hotel Properties, Inc. $INN

Key Points

• Public Employees Retirement System of Ohio bought 233,000 shares of Summit Hotel Properties, valued at approximately $1.63 million, giving it a 0.22% stake. Institutional investors collectively own 96.47% of the REIT.
• Summit Hotel Properties exceeded quarterly earnings expectations, reporting $0.04 EPS versus the $0.01 loss analysts anticipated, while revenue reached $199.02 million. The company provided fiscal 2026 EPS guidance of $0.79–$0.85.
• The stock opened at $5.79, and analysts maintain an overall “Hold” rating with an average price target of $5.40. Summit also pays a quarterly dividend of $0.08, equivalent to a 5.5% annualized yield.

Public Employees Retirement System of Ohio purchased a new position in shares of Summit Hotel Properties, Inc. (NYSE:INN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 233,000 shares of the real estate investment trust's stock, valued at approximately $1,633,000. Public Employees Retirement System of Ohio owned about 0.22% of Summit Hotel Properties at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of INN. Quarry LP bought a new stake in Summit Hotel Properties in the third quarter valued at approximately $35,000. Corient Private Wealth LLC bought a new position in shares of Summit Hotel Properties in the fourth quarter worth approximately $52,000. CIBC Asset Management Inc purchased a new position in shares of Summit Hotel Properties in the fourth quarter worth $52,000. BNP Paribas Financial Markets increased its stake in shares of Summit Hotel Properties by 53.6% in the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust's stock worth $55,000 after buying an additional 3,773 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Summit Hotel Properties by 148.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 6,442 shares during the last quarter. 96.47% of the stock is owned by hedge funds and other institutional investors.

Summit Hotel Properties Price Performance

INN opened at $5.79 on Tuesday. 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 stock has a market capitalization of $624.45 million, a PE ratio of -25.17 and a beta of 1.24. The stock's 50 day moving average price is $6.43 and its 200-day moving average price is $5.59. Summit Hotel Properties, Inc. has a 52-week low of $3.97 and a 52-week high of $7.17.

Summit Hotel Properties (NYSE:INN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The company had revenue of $199.02 million during the quarter, compared to analyst estimates of $198.41 million. Summit Hotel Properties had a negative return on equity of 0.60% and a negative net margin of 0.99%.Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. On average, equities research analysts predict that Summit Hotel Properties, Inc. will post 0.76 EPS for the current year.

Summit Hotel Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.08 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.32 annualized dividend and a yield of 5.5%. Summit Hotel Properties's dividend payout ratio (DPR) is -139.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of 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 research report on Monday, June 8th. Finally, Zacks Research downgraded shares of Summit Hotel Properties from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Summit Hotel Properties currently has an average rating of "Hold" and an average target price of $5.40.

Summit Hotel Properties Company Profile

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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