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S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
Laser breakthrough could send stock soaring 2,467% (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
Laser breakthrough could send stock soaring 2,467% (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
Laser breakthrough could send stock soaring 2,467% (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
Laser breakthrough could send stock soaring 2,467% (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
Laser breakthrough could send stock soaring 2,467% (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
Laser breakthrough could send stock soaring 2,467% (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
NYSE:INN

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

$7.13
+0.01 (+0.14%)
(As of 06/8/2023 ET)
Compare
Today's Range
$6.94
$7.14
50-Day Range
$6.16
$7.13
52-Week Range
$6.07
$9.35
Volume
573,292 shs
Average Volume
805,537 shs
Market Capitalization
$766.26 million
P/E Ratio
N/A
Dividend Yield
3.37%
Price Target
$9.83

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
37.9% Upside
$9.83 Price Target
Short Interest
Healthy
3.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.01mentions of Summit Hotel Properties in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$185,353 Bought Last Quarter
Proj. Earnings Growth
-2.08%
From $0.96 to $0.94 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Finance Sector

342nd out of 857 stocks

Real Estate Investment Trusts Industry

49th out of 190 stocks


INN stock logo

About Summit Hotel Properties (NYSE:INN) Stock

Summit 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.

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INN Stock News Headlines

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
SUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATE
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Summit Hotel Properties, Inc. 6.250% CUM PFD E
See More Headlines

INN Price History

INN Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 5/31 Dividend
5/16/2023
Dividend Payable
5/31/2023
Today
6/08/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

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
$9.83
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+37.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-1,050,000.00
Pretax Margin
1.87%

Debt

Sales & Book Value

Annual Sales
$675.70 million
Cash Flow
$1.49 per share
Book Value
$13.17 per share

Miscellaneous

Free Float
104,245,000
Market Cap
$766.26 million
Optionable
Optionable
Beta
2.00

Key Executives

  • Jonathan P. Stanner
    President, Chief Executive Officer & Director
  • William H. Conkling
    Chief Financial Officer & Executive Vice President
  • Christopher R. Eng
    Secretary, Chief Risk Officer & Executive VP
  • Paul Ruiz
    Chief Accounting Officer & Senior Vice President
  • Adam Wudel
    Senior Vice President-Finance & Capital Markets













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 Wall Street research analysts have issued twelve-month 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 $9.83 in the next twelve months. This suggests a possible upside of 37.9% 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 start of the year. Since then, INN shares have decreased by 1.2% and is now trading at $7.13.
View the best growth stocks for 2023 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest in the month of 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 trading volume, of 931,800 shares, the short-interest ratio is presently 3.6 days. Approximately 3.2% of the company's shares 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) issued its quarterly 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 net margin of 0.94% and a trailing twelve-month return on equity of 0.48%. During the same period last year, the firm 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 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 yield of 3.37%. The ex-dividend date of this dividend is Tuesday, May 16th. This is a positive change from the stock's previous quarterly dividend of $0.04.
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 3.40%.
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 guidance of $0.92-$1.05 for the period, compared to the consensus 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 $7.13.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $766.26 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 6/9/2023 by MarketBeat.com Staff

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