Summit Hotel Properties (INN) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INN shares.
View INN analyst ratings or view top-rated stocks.

4 brokerages have issued 12 month price targets for Summit Hotel Properties' stock. Their INN share price forecasts range from $8.50 to $11.00. On average, they predict the company's stock price to reach $9.83 in the next year. This suggests a possible upside of 39.3% from the stock's current price.
View analysts price targets for INN or view top-rated stocks among Wall Street analysts.

Summit Hotel Properties' stock was trading at $7.22 at the start of the year. Since then, INN shares have decreased by 2.2% and is now trading at $7.06.
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Summit Hotel Properties saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,380,000 shares, an increase of 5.3% from the April 30th total of 3,210,000 shares. Based on an average daily volume of 931,800 shares, the short-interest ratio is presently 3.6 days. Approximately 3.2% of the shares of the company are sold short.
View Summit Hotel Properties' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our INN earnings forecast.

Summit Hotel Properties, Inc. (NYSE:INN) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a trailing twelve-month return on equity of 0.48% and a net margin of 0.94%. During the same quarter last year, the firm earned ($0.07) earnings per share.

Summit Hotel Properties announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.06 per share on Wednesday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, May 16th. This is a boost from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for INN.

ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Nuveen Small Cap Select ETF (NSCS), Invesco Real Assets ESG ETF (IVRA), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF), Invesco Active U.S. Real Estate ETF (PSR), iShares US Credit Bond ETF (CRED) and SPDR Dow Jones REIT ETF (RWR).

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.45%.
Read our dividend analysis for INN.

Summit Hotel Properties issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.92-$1.05 for the period, compared to the consensus earnings per share estimate of $0.97. The company issued revenue guidance of -.

4 employees have rated Summit Hotel Properties Chief Executive Officer Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include Pfizer (PFE), Southwest Airlines (LUV), Delta Air Lines (DAL), Ford Motor (F), Ladder Capital (LADR), AT&T (T), Two Harbors Investment (TWO), Alibaba Group (BABA), Boeing (BA) and Walt Disney (DIS).

Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."

Summit Hotel Properties' stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (6.55%), Jennison Associates LLC (6.39%), GW&K Investment Management LLC (3.22%), Geode Capital Management LLC (2.12%), H 2 Credit Manager LP (2.09%) and Victory Capital Management Inc. (2.09%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel.
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Shares of INN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INN stock can currently be purchased for approximately $7.06.

Summit Hotel Properties (NYSE:INN) has a market capitalization of $758.74 million and generates $675.70 million in revenue each year. The real estate investment trust earns $-1,050,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.

Summit Hotel Properties' mailing address is 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738. The official website for the company is www.shpreit.com. The real estate investment trust can be reached via phone at (512) 538-2300, via email at awudel@shpreit.com, or via fax at 512-538-2333.