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NYSE:INN

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

$5.86
+0.06 (+1.03%)
(As of 04:29 PM ET)
Compare
Today's Range
$5.75
$5.89
50-Day Range
$5.44
$6.44
52-Week Range
$5.40
$8.81
Volume
1.53 million shs
Average Volume
823,528 shs
Market Capitalization
$630.42 million
P/E Ratio
N/A
Dividend Yield
4.10%
Price Target
$9.75

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
66.4% Upside
$9.75 Price Target
Short Interest
Bearish
6.85% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
-0.33mentions of Summit Hotel Properties in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.43%
From $0.83 to $0.90 Per Share

Overall MarketRank

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

2.18 out of 5 stars

Finance Sector

585th out of 878 stocks

Real Estate Investment Trusts Industry

124th out of 183 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 lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of August 2, 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 Price History

INN Stock News Headlines

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
INN: What does Argus have to say about INN?
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Innocan Pharma Announces Closing of Private Placement
Q2 2023 Summit Hotel Properties Inc Earnings Call
SUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATE
See More Headlines
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INN Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 8/31 Dividend
8/16/2023
Dividend Payable
8/31/2023
Today
10/02/2023
Next Earnings (Confirmed)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$9.75
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+68.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-1,050,000.00
Pretax Margin
-2.02%

Debt

Sales & Book Value

Annual Sales
$675.70 million
Cash Flow
$1.47 per share
Book Value
$13.17 per share

Miscellaneous

Free Float
104,350,000
Market Cap
$623.96 million
Optionable
Optionable
Beta
1.94
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Key Executives

  • Mr. Jonathan P. Stanner (Age 42)
    Pres, CEO & Director
    Comp: $1.97M
  • Mr. William H. Conkling (Age 47)
    Exec. VP & CFO
    Comp: $1.05M
  • Mr. Paul Ruiz CPA (Age 57)
    Sr. VP & Chief Accounting Officer
    Comp: $579.2k
  • Mr. Christopher Russell Eng (Age 52)
    Chief Risk Officer, Exec. VP, Gen. Counsel & Sec.
    Comp: $837.2k
  • Mr. Adam Wudel
    Sr. VP of Fin. & Capital Markets













INN Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023?

3 brokers have issued 1 year 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 $9.75 in the next year. This suggests a possible upside of 68.1% 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 on January 1st, 2023. Since then, INN shares have decreased by 19.7% and is now trading at $5.80.
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 September. As of September 15th, there was short interest totaling 7,140,000 shares, an increase of 27.7% from the August 31st total of 5,590,000 shares. Based on an average daily volume of 794,100 shares, the short-interest ratio is currently 9.0 days. Approximately 6.9% 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 Wednesday, November 1st 2023.
View our INN earnings forecast
.

How can I listen to Summit Hotel Properties' earnings call?

Summit Hotel Properties will be holding an earnings conference call on Thursday, November 2nd at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) posted its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 0.14% and a negative net margin of 0.27%. During the same period in the previous year, the company 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, July 27th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.06 per share on Thursday, August 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, August 16th.
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).

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 4.14%. INN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for INN.

What guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.86-$0.94 for the period, compared to the consensus estimate of $0.96. 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."

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 $5.80.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $623.96 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 ($0.17) 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 10/2/2023 by MarketBeat.com Staff

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