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NYSE:INN

Summit Hotel Properties Stock Forecast, Price & News

$10.37
-0.10 (-0.96 %)
(As of 03/2/2021 09:39 AM ET)
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Compare
Today's Range
$10.30
Now: $10.37
$10.40
50-Day Range
$8.10
MA: $9.19
$10.52
52-Week Range
$2.32
Now: $10.37
$10.85
Volume1,759 shs
Average Volume1.70 million shs
Market Capitalization$1.10 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.41
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.
Summit Hotel Properties logo

Headlines

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP86608210
Phone512-538-2300
Employees59
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$549.35 million
Cash Flow$2.07 per share
Book Value$11.82 per share

Profitability

Net Income$82.61 million

Miscellaneous

Market Cap$1.10 billion
Next Earnings Date5/10/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.42 out of 5 stars

Finance Sector

721st out of 1,938 stocks

Real Estate Investment Trusts Industry

163rd out of 273 stocks

Analyst Opinion: 1.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$10.37
-0.10 (-0.96 %)
(As of 03/2/2021 09:39 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Summit Hotel Properties (NYSE:INN) Frequently Asked Questions

Is Summit Hotel Properties a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Summit Hotel Properties stock.
View analyst ratings for Summit Hotel Properties
or view top-rated stocks.

What stocks does MarketBeat like better than Summit Hotel Properties?

Wall Street analysts have given Summit Hotel Properties a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Summit Hotel Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Summit Hotel Properties' next earnings date?

Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Summit Hotel Properties
.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) posted its quarterly earnings data on Tuesday, February, 23rd. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by $0.32. Summit Hotel Properties had a negative net margin of 28.45% and a negative trailing twelve-month return on equity of 7.82%.
View Summit Hotel Properties' earnings history
.

How has Summit Hotel Properties' stock been impacted by Coronavirus?

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, INN shares have increased by 60.6% and is now trading at $10.47.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for INN?

4 analysts have issued 12-month price objectives for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $11.50. On average, they expect Summit Hotel Properties' share price to reach $8.38 in the next twelve months. This suggests that the stock has a possible downside of 20.0%.
View analysts' price targets for Summit Hotel Properties
or view top-rated stocks among Wall Street analysts.

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the following people:
  • Mr. Daniel P. Hansen, Exec. Chairman (Age 52, Pay $2.06M)
  • Mr. Jonathan P. Stanner, Pres, CEO & Director (Age 39, Pay $1.06M)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 58, Pay $1.03M)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 50, Pay $876.7k)
  • Mr. Adam Wudel, SVP - Fin. & Capital Markets

What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?

4 employees have rated Summit Hotel Properties CEO Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among Summit Hotel Properties' employees.

Who are some of Summit Hotel Properties' key competitors?

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), The Boeing (BA) and The 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.80%), GW&K Investment Management LLC (2.83%), Northern Trust Corp (2.21%), Victory Capital Management Inc. (1.82%), Principal Financial Group Inc. (1.62%) and Principal Financial Group Inc. (1.62%).
View institutional ownership trends for Summit Hotel Properties
.

Which major investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Victory Capital Management Inc., First Trust Advisors LP, Barclays PLC, JPMorgan Chase & Co., Russell Investments Group Ltd., Renaissance Technologies LLC, and Morgan Stanley.
View insider buying and selling activity for Summit Hotel Properties
or view top insider-selling stocks.

Which major investors are buying Summit Hotel Properties stock?

INN stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Principal Financial Group Inc., Principal Financial Group Inc., Jennison Associates LLC, Lazard Asset Management LLC, Peregrine Capital Management LLC, State of New Jersey Common Pension Fund D, and Monarch Partners Asset Management LLC.
View insider buying and selling activity for Summit Hotel Properties
or or view top insider-buying stocks.

How do I buy shares of Summit Hotel Properties?

Shares of INN 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 $10.47.

How much money does Summit Hotel Properties make?

Summit Hotel Properties has a market capitalization of $1.11 billion and generates $549.35 million in revenue each year. The real estate investment trust earns $82.61 million in net income (profit) each year or $1.25 on an earnings per share basis.

How many employees does Summit Hotel Properties have?

Summit Hotel Properties employs 59 workers across the globe.

What is Summit Hotel Properties' official website?

The official website for Summit Hotel Properties is www.shpreit.com.

Where are Summit Hotel Properties' headquarters?

Summit Hotel Properties is headquartered at 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738.

How can I contact Summit Hotel Properties?

Summit Hotel Properties' mailing address is 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738. The real estate investment trust can be reached via phone at 512-538-2300 or via email at [email protected]


This page was last updated on 3/2/2021 by MarketBeat.com Staff

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