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

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.

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.

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.
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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.

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

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.

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.

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.

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).

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.

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 -.

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."

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 $5.80.

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.

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.