Summit Hotel Properties Stock Price, News & Analysis (NYSE:INN) $6.26 0.00 (0.00%) (As of 11:07 AM ET) Add Compare Share Share Today's Range$6.19▼$6.2750-Day Range$5.37▼$6.3852-Week Range$5.31▼$8.81Volume80,927 shsAverage Volume920,334 shsMarket Capitalization$673.45 millionP/E RatioN/ADividend Yield3.83%Price Target$8.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Summit Hotel Properties MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside35.9% Upside$8.50 Price TargetShort InterestHealthy6.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.81Upright™ Environmental ScoreNews Sentiment0.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth2.53%From $0.79 to $0.81 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.14 out of 5 starsFinance Sector468th out of 846 stocksReal Estate Investment Trusts Industry95th out of 181 stocks 3.3 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.50, Summit Hotel Properties has a forecasted upside of 35.9% from its current price of $6.26.Amount of Analyst CoverageSummit Hotel Properties has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.04% of the float of Summit Hotel Properties has been sold short.Short Interest Ratio / Days to CoverSummit Hotel Properties has a short interest ratio ("days to cover") of 5.5.Change versus previous monthShort interest in Summit Hotel Properties has recently decreased by 6.80%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipSummit Hotel Properties is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Hotel Properties has only been increasing its dividend for 1 years.Dividend SustainabilityBased on earnings estimates, Summit Hotel Properties will have a dividend payout ratio of 29.63% next year. This indicates that Summit Hotel Properties will be able to sustain or increase its dividend. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit Hotel Properties has received a -2.67% net impact score from Upright. Summit Hotel Properties uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Real estate funds investing in hotels" product. See details.Environmental SustainabilityThe Environmental Impact score for Summit Hotel Properties is -2.81. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for INN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.00% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions95.06% of the stock of Summit Hotel Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow by 2.53% in the coming year, from $0.79 to $0.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -28.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Hotel Properties is -28.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Hotel Properties Stock (NYSE:INN)Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.Read More INN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INN Stock News HeadlinesNovember 27, 2023 | americanbankingnews.comContrasting RPT Realty (NYSE:RPT) & Summit Hotel Properties (NYSE:INN)November 24, 2023 | americanbankingnews.comSummit Hotel Properties (NYSE:INN) Stock Price Passes Above Two Hundred Day Moving Average of $6.14November 28, 2023 | Edge On The Street (Ad)Americans Now Favor Gold Over Stocks as an Investment VehicleAmericans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges. November 14, 2023 | msn.comSummit Hotel Properties, Inc. 5.875% RED PFD F goes ex dividend tomorrowNovember 14, 2023 | msn.comSummit Hotel Properties Inc Cum Conv Red Pfd Registered Shs Series E goes ex dividend tomorrowNovember 6, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Landsea Homes (LSEA), Summit Hotel Properties (INN) and Broadstone Net Lease (BNL)November 3, 2023 | finance.yahoo.comInnocan Pharma Announces Promising LPT-CBD Safety Indications -Implications from a prolong use in animalsNovember 3, 2023 | finance.yahoo.comSummit Hotel Properties, Inc. (NYSE:INN) Q3 2023 Earnings Call TranscriptNovember 28, 2023 | Edge On The Street (Ad)Americans Now Favor Gold Over Stocks as an Investment VehicleAmericans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges. November 3, 2023 | finance.yahoo.comQ3 2023 Summit Hotel Properties Inc Earnings CallNovember 2, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About Summit Hotel Properties (INN) Q3 EarningsNovember 1, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2023 RESULTSOctober 26, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2023 DIVIDENDSOctober 26, 2023 | finance.yahoo.comPebblebrook Hotel (PEB) Beats Q3 FFO and Revenue EstimatesOctober 25, 2023 | seekingalpha.comINN.PR.E Summit Hotel Properties, Inc. 6.250% CUM PFD EOctober 23, 2023 | finance.yahoo.comInnocan Pharma reports a groundbreaking discovery regarding its LPD platform and global CBD researchOctober 12, 2023 | finance.yahoo.comInnocan Pharma Announces Closing of First Tranche Private Placement and Provides Corporate UpdateSeptember 26, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE DATESeptember 21, 2023 | finance.yahoo.comInnocan Pharma Announces Brokered LIFE Offering of Units for Up to $3 MillionSeptember 20, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES COMPLETES $200 MILLION JOINT VENTURE CREDIT FACILITY REFINANCINGSeptember 12, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES PUBLISHES 2023 CORPORATE RESPONSIBILITY REPORTAugust 29, 2023 | finance.yahoo.comInnocan Pharma Announces Clinical Study Results: Evidence of Reduced Osteoarthritis Pain in Dogs After Liposomal CBD InjectionAugust 25, 2023 | finance.yahoo.comInnocan Pharma Reports Q2 2023 Results Including US$2.706M Increase in Revenues Compared to Q2, 2022August 24, 2023 | finance.yahoo.comINN: What does Argus have to say about INN?August 15, 2023 | finance.yahoo.comInnocan Pharma Announces Promising Successful Results in Efficacy Trial of Diabetic Foot Relief TreatmentAugust 4, 2023 | finance.yahoo.comInnocan Pharma Announces Closing of Private PlacementAugust 4, 2023 | finance.yahoo.comQ2 2023 Summit Hotel Properties Inc Earnings CallSee More Headlines Receive INN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/03/2022Ex-Dividend for 8/31 Dividend8/16/2023Dividend Payable8/31/2023Ex-Dividend for 11/30 Dividend11/15/2023Today11/28/2023Dividend Payable11/30/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/26/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:INN CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone(512) 538-2300Fax512-538-2333Employees74Year FoundedN/APrice Target and Rating Average Stock Price Target$8.50 High Stock Price Target$8.50 Low Stock Price Target$8.50 Potential Upside/Downside+35.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.22) Trailing P/E RatioN/A Forward P/E Ratio7.92 P/E GrowthN/ANet Income$-1,050,000.00 Net Margins-0.94% Pretax Margin-2.50% Return on Equity-0.49% Return on Assets-0.23% Debt Debt-to-Equity Ratio1.04 Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$675.70 million Price / Sales1.00 Cash Flow$1.46 per share Price / Cash Flow4.27 Book Value$13.17 per share Price / Book0.47Miscellaneous Outstanding Shares107,580,000Free Float104,352,000Market Cap$672.91 million OptionableOptionable Beta1.94 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Jonathan P. Stanner (Age 42)President, CEO & Director Comp: $1.97MMr. William H. Conkling (Age 47)Executive VP & CFO Comp: $1.05MMr. Paul Ruiz CPA (Age 57)Senior VP & Chief Accounting Officer Comp: $579.2kMr. Christopher Russell Eng (Age 52)Chief Risk Officer, Executive VP, General Counsel & Secretary Comp: $837.2kMr. Adam WudelSenior VP of Finance & Capital MarketsKey CompetitorsUniversal Health Realty Income TrustNYSE:UHTDiversified Healthcare TrustNASDAQ:DHCChatham Lodging TrustNYSE:CLDTHersha Hospitality TrustNYSE:HTService Properties TrustNASDAQ:SVCView All CompetitorsInsiders & InstitutionsDeutsche Bank AGSold 177,627 shares on 11/24/2023Ownership: 0.718%Public Sector Pension Investment BoardSold 57,797 shares on 11/22/2023Ownership: 0.124%Comerica BankBought 62,829 shares on 11/21/2023Ownership: 0.058%Public Employees Retirement System of OhioBought 8,663 shares on 11/16/2023Ownership: 0.143%Legal & General Group PlcSold 14,759 shares on 11/15/2023Ownership: 0.817%View All Insider TransactionsView All Institutional Transactions INN Stock Analysis - Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INN shares. View INN analyst ratings or view top-rated stocks. What is Summit Hotel Properties' stock price target for 2024? 2 Wall Street research analysts have issued twelve-month price targets for Summit Hotel Properties' stock. Their INN share price targets range from $8.50 to $8.50. On average, they expect the company's stock price to reach $8.50 in the next year. This suggests a possible upside of 35.9% from the stock's current price. View analysts price targets for INN or view top-rated stocks among Wall Street analysts. How have INN shares performed in 2023? Summit Hotel Properties' stock was trading at $7.22 at the beginning of 2023. Since then, INN stock has decreased by 13.4% and is now trading at $6.2550. View the best growth stocks for 2023 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 6,300,000 shares, a decrease of 6.8% from the October 15th total of 6,760,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 6.0% of the company's shares are short sold. View Summit Hotel Properties' Short Interest. When is Summit Hotel Properties' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. View our INN earnings forecast. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 0.49% and a negative net margin of 0.94%. During the same period last year, the firm earned ($0.07) EPS. How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties? Summit Hotel Properties declared a quarterly dividend on Thursday, October 26th. Investors of record on Thursday, November 16th will be given a dividend of $0.06 per share on Thursday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, November 15th. Read our dividend analysis for INN. Is Summit Hotel Properties a good dividend stock? Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.82%. Read our dividend analysis for INN. What ETFs hold Summit Hotel Properties' stock? ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Invesco Real Assets ESG ETF (IVRA), Nuveen Short-Term REIT ETF (NURE) and Kelly Hotel & Lodging Sector ETF (HOTL).Private Real Estate Strategy via Liquid REITs ETF (PRVT). What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO? 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. What other stocks do shareholders of Summit Hotel Properties own? 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). Who are Summit Hotel Properties' major shareholders? Summit Hotel Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (5.69%), Victory Capital Management Inc. (2.14%), Charles Schwab Investment Management Inc. (1.29%), Northern Trust Corp (1.24%), Bank of New York Mellon Corp (0.97%) and Barclays PLC (0.85%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel. View institutional ownership trends. How do I buy shares of Summit Hotel Properties? 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. Compare Top Brokerages Here. This page (NYSE:INN) was last updated on 11/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Summit Hotel Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.