NYSE:INN Summit Hotel Properties (INN) Stock Forecast, Price & News $5.81 +0.01 (+0.17%) (As of 10:21 AM ET) Add Compare Share Share Today's Range$5.75▼$5.8350-Day Range$5.44▼$6.4452-Week Range$5.40▼$8.81Volume58,664 shsAverage Volume815,587 shsMarket Capitalization$625.04 millionP/E RatioN/ADividend Yield4.13%Price Target$9.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Hotel Properties MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside68.1% Upside$9.75 Price TargetShort InterestBearish6.85% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.81Upright™ Environmental ScoreNews Sentiment-0.33Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth8.43%From $0.83 to $0.90 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.2.18 out of 5 starsFinance Sector579th out of 873 stocksReal Estate Investment Trusts Industry123rd out of 182 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 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.75, Summit Hotel Properties has a forecasted upside of 68.1% from its current price of $5.80.Amount of Analyst CoverageSummit Hotel Properties has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.85% 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 9.Change versus previous monthShort interest in Summit Hotel Properties has recently increased by 27.73%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipSummit Hotel Properties is a leading dividend payer. It pays a dividend yield of 4.14%, 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 26.67% 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 0.9 News and Social Media Coverage News SentimentSummit Hotel Properties has a news sentiment score of -0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Summit Hotel Properties to their MarketBeat watchlist 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow by 8.43% in the coming year, from $0.83 to $0.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -34.12, 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 -34.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioSummit Hotel Properties has a PEG Ratio of 1.85. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.44. 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 (NYSE:INN) StockSummit 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 August 2, 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INN Stock News HeadlinesSeptember 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 MillionOctober 2, 2023 | Edge On The Street (Ad)Gold Could Be Heading for Record Highs - But How to Play It?According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold. September 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?October 2, 2023 | Edge On The Street (Ad)Gold Could Be Heading for Record Highs - But How to Play It?According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold. 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 CallAugust 3, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2023 RESULTSAugust 3, 2023 | finance.yahoo.comSummit Hotel Properties (INN) Reports Q2 Earnings: What Key Metrics Have to SayJuly 28, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2023 DIVIDENDSJune 22, 2023 | finance.yahoo.comInnocan Pharma Unveils Groundbreaking Veterinary Breakthroughs at EAVPT 2023 CongressJune 22, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES COMPLETES $600 MILLION CREDIT FACILITY REFINANCINGJune 5, 2023 | bizjournals.comM&A Wrap: Telco Data, Elevate Brands, Nextira do deals; Summit Hotel buys Arizona propertyJune 5, 2023 | msn.comSummit Hotel Properties updates on transaction activityJune 5, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATEMay 31, 2023 | finance.yahoo.comInnocan Pharma Reports Q1 2023 Results including US$1.3M Increase in Revenues Compared to Q1 2022May 26, 2023 | msn.comSummit Hotel Properties: Post-Pandemic Recovery ContinuesMay 18, 2023 | seekingalpha.comINN.PF Summit Hotel Properties, Inc. 5.875% RED PFD FMay 8, 2023 | finance.yahoo.comInnocan Pharma Reports Success in a Pre-Clinical Trial of a Liposomal-CBD Injection on a Paralyzed GoatMay 4, 2023 | finanznachrichten.deSummit Hotel Properties, Inc.: Summit Hotel Properties Reports First Quarter 2023 ResultsMay 4, 2023 | finance.yahoo.comSummit Hotel Properties (INN) Q1 FFO and Revenues Beat EstimatesMay 3, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2023 RESULTSSee 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 INN Company Calendar Last Earnings5/03/2022Ex-Dividend for 8/31 Dividend8/16/2023Dividend Payable8/31/2023Today10/02/2023Next Earnings (Confirmed)11/01/2023Fiscal Year End12/31/2023Get 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 Forecast$9.75 High Stock Price Forecast$11.00 Low Stock Price Forecast$8.50 Forecasted Upside/Downside+68.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.17) Trailing P/E RatioN/A Forward P/E Ratio6.99 P/E Growth1.85Net Income$-1,050,000.00 Net Margins-0.27% Pretax Margin-2.02% Return on Equity-0.14% Return on Assets-0.06% Debt Debt-to-Equity Ratio1.03 Current Ratio0.98 Quick Ratio0.98 Sales & Book Value Annual Sales$675.70 million Price / Sales0.92 Cash Flow$1.47 per share Price / Cash Flow3.94 Book Value$13.17 per share Price / Book0.44Miscellaneous Outstanding Shares107,580,000Free Float104,350,000Market Cap$623.96 million OptionableOptionable Beta1.94 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Jonathan P. Stanner (Age 42)Pres, CEO & Director Comp: $1.97MMr. William H. Conkling (Age 47)Exec. VP & CFO Comp: $1.05MMr. Paul Ruiz CPA (Age 57)Sr. VP & Chief Accounting Officer Comp: $579.2kMr. Christopher Russell Eng (Age 52)Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. Comp: $837.2kMr. Adam WudelSr. VP of Fin. & Capital MarketsKey CompetitorsUniversal Health Realty Income TrustNYSE:UHTDiversified Healthcare TrustNASDAQ:DHCChatham Lodging TrustNYSE:CLDTHersha Hospitality TrustNYSE:HTCoreCivicNYSE:CXWView All CompetitorsInsiders & InstitutionsCalifornia State Teachers Retirement SystemSold 3,928 shares on 8/21/2023Ownership: 0.120%Teachers Retirement System of The State of KentuckyBought 1,877 shares on 8/21/2023Ownership: 0.032%Orion Portfolio Solutions LLCSold 7,698 shares on 8/17/2023Ownership: 0.157%Nuveen Asset Management LLCBought 867,679 shares on 8/16/2023Ownership: 3.477%Royal Bank of CanadaBought 2,386 shares on 8/15/2023Ownership: 0.684%View All Insider TransactionsView All Institutional Transactions INN Stock - Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023? 3 brokers have issued 1 year target prices for Summit Hotel Properties' stock. Their INN share price forecasts range from $8.50 to $11.00. On average, they anticipate the company's share price to reach $9.75 in the next year. This suggests a possible upside of 68.1% 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 on January 1st, 2023. Since then, INN shares have decreased by 19.7% and is now trading at $5.80. View the best growth stocks for 2023 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,140,000 shares, an increase of 27.7% from the August 31st total of 5,590,000 shares. Based on an average daily volume of 794,100 shares, the short-interest ratio is currently 9.0 days. Approximately 6.9% of the company's shares are sold short. 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 Wednesday, November 1st 2023. View our INN earnings forecast. How can I listen to Summit Hotel Properties' earnings call? Summit Hotel Properties will be holding an earnings conference call on Thursday, November 2nd at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) posted its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 0.14% and a negative net margin of 0.27%. During the same period in the previous year, the company earned ($0.07) earnings per share. How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties? Summit Hotel Properties announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.06 per share on Thursday, August 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, August 16th. 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). 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 4.14%. INN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for INN. What guidance has Summit Hotel Properties issued on next quarter's earnings? Summit Hotel Properties updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.86-$0.94 for the period, compared to the consensus estimate of $0.96. The company issued revenue guidance of -. 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). What is Summit Hotel Properties' stock symbol? Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN." 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. What is Summit Hotel Properties' stock price today? One share of INN stock can currently be purchased for approximately $5.80. How much money does Summit Hotel Properties make? Summit Hotel Properties (NYSE:INN) has a market capitalization of $623.96 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 ($0.17) on an earnings per share basis. How can I contact Summit Hotel Properties? 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. This page (NYSE:INN) was last updated on 10/2/2023 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. 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