NYSE:INN Summit Hotel Properties (INN) Stock Forecast, Price & News $7.06 +0.21 (+3.07%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$6.82▼$7.1050-Day Range$6.16▼$7.0652-Week Range$6.07▼$9.48Volume890,433 shsAverage Volume804,369 shsMarket Capitalization$758.19 millionP/E RatioN/ADividend Yield3.40%Price Target$9.83 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Hotel Properties MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside39.4% Upside$9.83 Price TargetShort InterestHealthy3.24% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.81Upright™ Environmental ScoreNews Sentiment0.47Based on 4 Articles This WeekInsider TradingAcquiring Shares$185,353 Bought Last QuarterProj. Earnings Growth-2.08%From $0.96 to $0.94 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.2.62 out of 5 starsFinance Sector345th out of 859 stocksReal Estate Investment Trusts Industry56th out of 188 stocks 3.3 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.83, Summit Hotel Properties has a forecasted upside of 39.4% from its current price of $7.06.Amount of Analyst CoverageSummit Hotel Properties has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.24% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Summit Hotel Properties has recently increased by 5.30%, 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 3.62%, 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 25.53% 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 1.9 News and Social Media Coverage News SentimentSummit Hotel Properties has a news sentiment score of 0.47. 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 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Summit Hotel Properties this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for INN on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have bought more of their company's stock than they have sold. Specifically, they have bought $185,353.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.00% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions96.59% 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 decrease by -2.08% in the coming year, from $0.96 to $0.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -78.39, 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 -78.39, 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 0.75. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.54. 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 real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.Read More 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 Stock News HeadlinesJune 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 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 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 27, 2023 | americanbankingnews.comNNN REIT (NYSE:NNN) & Summit Hotel Properties (NYSE:INN) Head to Head ComparisonMay 26, 2023 | msn.comSummit Hotel Properties: Post-Pandemic Recovery ContinuesMay 23, 2023 | americanbankingnews.comAnalysts Set Summit Hotel Properties, Inc. (NYSE:INN) Target Price at $9.83June 7, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 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 RESULTSMay 1, 2023 | finance.yahoo.comInnocan Pharma Announces 5000 Units Sale and Expansion to Lithuania, Latvia & Estonia MarketsMay 1, 2023 | americanbankingnews.comSummit Hotel Properties (INN) to Release Earnings on WednesdayApril 28, 2023 | msn.comSummit Hotel Properties (INN) Declares $0.06 DividendApril 27, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES INCREASES COMMON DIVIDEND BY 50% AND DECLARES FIRST QUARTER 2023 DIVIDENDSApril 26, 2023 | americanbankingnews.comBrokerages Set Summit Hotel Properties, Inc. (NYSE:INN) Target Price at $9.83April 24, 2023 | seekingalpha.comSummit Hotel Properties, Inc. 6.250% CUM PFD EApril 20, 2023 | news.yahoo.comHard Rock Hotel opened in Daytona in 2018: A look backApril 18, 2023 | finance.yahoo.comInnocan Pharma Reports Annual 2022 Results with USD 2.6M in RevenueApril 12, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Summit Hotel Properties (INN) and Healthequity (HQY)April 3, 2023 | finance.yahoo.comInnocan Reports Novel Cannabinoid Delivery Platform Patent ApplicationApril 3, 2023 | americanbankingnews.comSummit Hotel Properties, Inc. (NYSE:INN) Receives Average Rating of "Moderate Buy" from BrokeragesMarch 30, 2023 | americanbankingnews.comSummit Hotel Properties (NYSE:INN) Given New $8.50 Price Target at Raymond JamesMarch 29, 2023 | markets.businessinsider.comRaymond James Maintains Outperform Rating for Summit Hotel Properties: Here's What You Need To KnowSee More Headlines INN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INN Company Calendar Last Earnings5/03/2022Ex-Dividend for 5/31 Dividend5/16/2023Dividend Payable5/31/2023Today6/06/2023Next Earnings (Estimated)8/01/2023Fiscal 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) 538-2300Fax512-538-2333Employees63Year FoundedN/APrice Target and Rating Average Stock Price Forecast$9.83 High Stock Price Forecast$11.00 Low Stock Price Forecast$8.50 Forecasted Upside/Downside+39.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.09) Trailing P/E RatioN/A Forward P/E Ratio7.35 P/E Growth0.75Net Income$-1,050,000.00 Net Margins0.94% Pretax Margin1.87% Return on Equity0.48% Return on Assets0.22% Debt Debt-to-Equity Ratio1.05 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$675.70 million Price / Sales1.12 Cash Flow$1.49 per share Price / Cash Flow4.73 Book Value$13.17 per share Price / Book0.54Miscellaneous Outstanding Shares107,470,000Free Float104,245,000Market Cap$758.74 million OptionableOptionable Beta2.00 Key ExecutivesJonathan P. StannerPresident, Chief Executive Officer & DirectorWilliam H. ConklingChief Financial Officer & Executive Vice PresidentChristopher R. EngSecretary, Chief Risk Officer & Executive VPPaul RuizChief Accounting Officer & Senior Vice PresidentAdam WudelSenior Vice President-Finance & Capital MarketsKey CompetitorsUniversal Health Realty Income TrustNYSE:UHTCoreCivicNYSE:CXWChatham Lodging TrustNYSE:CLDTDiversified Healthcare TrustNASDAQ:DHCHersha Hospitality TrustNYSE:HTView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 10,896 shares on 5/22/2023Ownership: 0.392%State Street CorpSold 36,797 shares on 5/16/2023Ownership: 6.552%Geode Capital Management LLCBought 89,274 shares on 5/16/2023Ownership: 2.121%H 2 Credit Manager LPBought 1,615,835 shares on 5/16/2023Ownership: 2.088%Squarepoint Ops LLCBought 10,605 shares on 5/16/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions INN Stock - Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INN shares. View INN analyst ratings or view top-rated stocks. What is Summit Hotel Properties' stock price forecast for 2023? 4 brokerages have issued 12 month price targets for Summit Hotel Properties' stock. Their INN share price forecasts range from $8.50 to $11.00. On average, they predict the company's stock price to reach $9.83 in the next year. This suggests a possible upside of 39.3% 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 start of the year. Since then, INN shares have decreased by 2.2% and is now trading at $7.06. View the best growth stocks for 2023 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,380,000 shares, an increase of 5.3% from the April 30th total of 3,210,000 shares. Based on an average daily volume of 931,800 shares, the short-interest ratio is presently 3.6 days. Approximately 3.2% of the shares of the company 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 Tuesday, August 1st 2023. View our INN earnings forecast. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a trailing twelve-month return on equity of 0.48% and a net margin of 0.94%. During the same quarter last year, the firm 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, April 27th. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.06 per share on Wednesday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, May 16th. This is a boost from the stock's previous quarterly dividend of $0.04. 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 Nuveen Small Cap Select ETF (NSCS), Invesco Real Assets ESG ETF (IVRA), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF), Invesco Active U.S. Real Estate ETF (PSR), iShares US Credit Bond ETF (CRED) and SPDR Dow Jones REIT ETF (RWR). 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 3.45%. Read our dividend analysis for INN. What guidance has Summit Hotel Properties issued on next quarter's earnings? Summit Hotel Properties issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.92-$1.05 for the period, compared to the consensus earnings per share estimate of $0.97. 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." Who are Summit Hotel Properties' major shareholders? Summit Hotel Properties' stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (6.55%), Jennison Associates LLC (6.39%), GW&K Investment Management LLC (3.22%), Geode Capital Management LLC (2.12%), H 2 Credit Manager LP (2.09%) and Victory Capital Management Inc. (2.09%). 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. What is Summit Hotel Properties' stock price today? One share of INN stock can currently be purchased for approximately $7.06. How much money does Summit Hotel Properties make? Summit Hotel Properties (NYSE:INN) has a market capitalization of $758.74 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 ($0.09) 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 6/7/2023 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. 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