S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Average 126% gains – NO losers!?   (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
One Stock Is All You Need  (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Average 126% gains – NO losers!?   (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
One Stock Is All You Need  (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Average 126% gains – NO losers!?   (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
One Stock Is All You Need  (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Average 126% gains – NO losers!?   (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
One Stock Is All You Need  (Ad)pixel
NYSE:INN

Summit Hotel Properties - INN Stock Forecast, Price & News

$8.71
+0.24 (+2.83%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.50
$8.73
50-Day Range
$6.80
$9.41
52-Week Range
$6.70
$10.94
Volume
536,009 shs
Average Volume
767,063 shs
Market Capitalization
$931.09 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.13

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
27.7% Upside
$11.13 Price Target
Short Interest
Bearish
4.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.41mentions of Summit Hotel Properties in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.58%
From $0.95 to $1.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Finance Sector

627th out of 920 stocks

Real Estate Investment Trusts Industry

126th out of 194 stocks

INN stock logo

About Summit Hotel Properties (NYSE:INN) Stock

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

Analyst Ratings Changes

Separately, TheStreet cut Summit Hotel Properties from a "c-" rating to a "d+" rating in a research note on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to data from MarketBeat, Summit Hotel Properties has a consensus rating of "Hold" and an average price target of $11.13.

Summit Hotel Properties Price Performance

NYSE:INN traded up $0.24 during mid-day trading on Thursday, hitting $8.71. The stock had a trading volume of 536,009 shares, compared to its average volume of 767,063. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a 50 day simple moving average of $7.73 and a 200 day simple moving average of $8.90. The company has a market cap of $931.09 million, a price-to-earnings ratio of -29.03 and a beta of 1.98. Summit Hotel Properties has a 52-week low of $6.70 and a 52-week high of $10.94.

Summit Hotel Properties Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, August 16th.

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.

INN Stock News Headlines

Summit Hotel Properties, Inc. (INN)
Marriott-branded hotel in Brickell sells for $89M
See 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.

INN Company Calendar

Last Earnings
5/03/2022
Today
8/11/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
86608210
Employees
63
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.13
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+27.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$-65,570,000.00
Pretax Margin
0.87%

Debt

Sales & Book Value

Annual Sales
$361.93 million
Cash Flow
$0.44 per share
Book Value
$13.42 per share

Miscellaneous

Free Float
103,756,000
Market Cap
$931.09 million
Optionable
Optionable
Beta
1.98














INN Stock - Frequently Asked Questions

Should I buy or sell Summit Hotel Properties stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 sell ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INN, but not buy additional shares or sell existing shares.
View INN analyst ratings
or view top-rated stocks.

What is Summit Hotel Properties' stock price forecast for 2022?

4 brokers have issued 1-year price objectives for Summit Hotel Properties' stock. Their INN share price forecasts range from $10.50 to $12.00. On average, they anticipate the company's share price to reach $11.13 in the next twelve months. This suggests a possible upside of 28.0% 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 2022?

Summit Hotel Properties' stock was trading at $9.76 on January 1st, 2022. Since then, INN shares have decreased by 11.0% and is now trading at $8.69.
View the best growth stocks for 2022 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest in July. As of July 31st, there was short interest totaling 4,790,000 shares, an increase of 5.0% from the July 15th total of 4,560,000 shares. Based on an average daily volume of 812,400 shares, the short-interest ratio is presently 5.9 days. Currently, 4.7% of the shares of the stock 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 2nd 2022.
View our INN earnings forecast
.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) issued its quarterly earnings data 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 net margin of 2.21% and a negative trailing twelve-month return on equity of 0.94%. During the same quarter in the prior year, the business posted ($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 -- dividend on Thursday, August 4th. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.04 per share on Wednesday, August 31st. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for INN
.

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."

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (5.54%), Victory Capital Management Inc. (1.94%), Deutsche Bank AG (0.87%), Peregrine Capital Management LLC (0.79%), Bank of Montreal Can (0.75%) and State of New Jersey Common Pension Fund D (0.72%). Insiders that own company stock include Craig J Aniszewski and Daniel P Hansen.
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.

What is Summit Hotel Properties' stock price today?

One share of INN stock can currently be purchased for approximately $8.69.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $928.96 million and generates $361.93 million in revenue each year. The real estate investment trust earns $-65,570,000.00 in net income (profit) each year or ($0.30) 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 8/12/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.