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

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.

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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our INN earnings forecast.

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.

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.

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.

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).

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' 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.

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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