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PFE   52.75 (+2.15%)
PYPL   73.24 (-1.56%)
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NYSE:INN

Summit Hotel Properties Stock Forecast, Price & News

$7.01
-0.23 (-3.18%)
(As of 07/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.97
$7.39
50-Day Range
$6.80
$10.10
52-Week Range
$6.70
$10.94
Volume
659,831 shs
Average Volume
808,510 shs
Market Capitalization
$748.84 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.30

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
61.2% Upside
$11.30 Price Target
Short Interest
Healthy
4.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
42.05%
From $0.88 to $1.25 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.03 out of 5 stars

Finance Sector

532nd out of 1,389 stocks

Real Estate Investment Trusts Industry

119th out of 235 stocks

30 days | 90 days | 365 days | Advanced Chart

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Summit Hotel Properties 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.

INN Stock News Headlines

Marriott-branded hotel in Brickell sells for $89M
Summit Hotel Properties (INN)
Innocan Pharma's Compassionate Care Treatment for Dogs
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/03/2022
Today
7/06/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$11.30
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+61.2%
Consensus Rating
Hold
Rating Score (0-4)
2.2
Research Coverage
5 Analysts

Profitability

Net Income
$-65,570,000.00
Pretax Margin
-10.16%

Debt

Sales & Book Value

Annual Sales
$361.93 million
Cash Flow
$0.41 per share
Book Value
$10.40 per share

Miscellaneous

Free Float
103,684,000
Market Cap
$748.84 million
Optionable
Optionable
Beta
2.03














Summit Hotel Properties Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 sell ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Summit Hotel Properties stock. 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 analyst ratings for Summit Hotel Properties
or view top-rated stocks.

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

5 brokerages have issued 12-month price targets for Summit Hotel Properties' shares. Their INN stock forecasts range from $10.50 to $12.00. On average, they anticipate Summit Hotel Properties' share price to reach $11.30 in the next twelve months. This suggests a possible upside of 61.2% from the stock's current price.
View analysts' price targets for Summit Hotel Properties
or view top-rated stocks among Wall Street analysts.

How has Summit Hotel Properties' stock price performed in 2022?

Summit Hotel Properties' stock was trading at $9.76 at the start of the year. Since then, INN stock has decreased by 28.2% and is now trading at $7.01.
View the best growth stocks for 2022 here
.

When is Summit Hotel Properties' next earnings date?

Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Summit Hotel Properties
.

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) EPS for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 9.56% and a negative trailing twelve-month return on equity of 3.59%. During the same quarter in the prior year, the company earned ($0.07) earnings per share.
View Summit Hotel Properties' earnings history
.

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the following people:
  • Mr. Jonathan P. Stanner, Pres, CEO & Director (Age 41, Pay $1.86M)
  • Mr. William H. Conkling, Exec. VP & CFO
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer (Age 56, Pay $618.2k)
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 51, Pay $911.6k)
  • Mr. Adam Wudel, Sr. VP of 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.

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 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 $7.01.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $748.84 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 ($0.58) on an earnings per share basis.

How many employees does Summit Hotel Properties have?

Summit Hotel Properties employs 63 workers across the globe.

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 Summit Hotel Properties 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 7/6/2022 by MarketBeat.com Staff

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