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Summit Hotel Properties Stock Price, News & Analysis (NYSE:INN)

$6.26
0.00 (0.00%)
(As of 11:07 AM ET)
Compare
Today's Range
$6.19
$6.27
50-Day Range
$5.37
$6.38
52-Week Range
$5.31
$8.81
Volume
80,927 shs
Average Volume
920,334 shs
Market Capitalization
$673.45 million
P/E Ratio
N/A
Dividend Yield
3.83%
Price Target
$8.50

Summit Hotel Properties MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
35.9% Upside
$8.50 Price Target
Short Interest
Healthy
6.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.00mentions of Summit Hotel Properties in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.53%
From $0.79 to $0.81 Per Share

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 stars

Finance Sector

468th out of 846 stocks

Real Estate Investment Trusts Industry

95th out of 181 stocks


INN stock logo

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.

INN Stock Price History

INN Stock News Headlines

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Q3 2023 Summit Hotel Properties Inc Earnings Call
INN.PR.E Summit Hotel Properties, Inc. 6.250% CUM PFD E
INN: What does Argus have to say about INN?
Innocan Pharma Announces Closing of Private Placement
Q2 2023 Summit Hotel Properties Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 8/31 Dividend
8/16/2023
Dividend Payable
8/31/2023
Ex-Dividend for 11/30 Dividend
11/15/2023
Today
11/28/2023
Dividend Payable
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/26/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
86608210
Employees
74
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-1,050,000.00
Pretax Margin
-2.50%

Debt

Sales & Book Value

Annual Sales
$675.70 million
Cash Flow
$1.46 per share
Book Value
$13.17 per share

Miscellaneous

Free Float
104,352,000
Market Cap
$672.91 million
Optionable
Optionable
Beta
1.94
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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

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