NYSE:INNSummit Hotel Properties Stock Price, Forecast & News

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 decreased by 7.1% and is now trading at $6.06.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings results on Wednesday, August, 5th. The real estate investment trust reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by $0.31. Summit Hotel Properties had a negative net margin of 11.20% and a negative return on equity of 3.78%.
View Summit Hotel Properties' earnings history.

Summit Hotel Properties declared a quarterly dividend on Friday, January 31st. Investors of record on Friday, February 14th will be paid a dividend of $0.18 per share on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 11.88%. The ex-dividend date is Thursday, February 13th.
View Summit Hotel Properties' dividend history.

6 equities research analysts have issued twelve-month price objectives for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' share price to reach $9.33 in the next twelve months. This suggests a possible upside of 54.0% from the stock's current price.
View analysts' price targets for Summit Hotel Properties.

News headlines about INN stock have been trending very positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Summit Hotel Properties.

Summit Hotel Properties saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,620,000 shares, a decline of 6.9% from the July 15th total of 3,890,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 2.5 days. Currently, 3.5% of the company's shares are short sold.
View Summit Hotel Properties' Current Options Chain.

Some companies that are related to Summit Hotel Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include New Residential Investment (NRZ), Two Harbors Investment (TWO), Simon Property Group (SPG), Starwood Property Trust (STWD), AT&T (T), AbbVie (ABBV), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Ford Motor (F) and Kimco Realty (KIM).

Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."

Summit Hotel Properties' stock is owned by many different retail and institutional investors. Top institutional investors include LSV Asset Management (2.80%), GW&K Investment Management LLC (2.44%), Victory Capital Management Inc. (2.11%), Principal Financial Group Inc. (0.76%), Peregrine Capital Management LLC (0.72%) and NN Investment Partners Holdings N.V. (0.41%). Company insiders that own Summit Hotel Properties stock include Craig J Aniszewski and Daniel P Hansen.
View institutional ownership trends for Summit Hotel Properties.

INN stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., LSV Asset Management, State Board of Administration of Florida Retirement System, M&T Bank Corp, Victory Capital Management Inc., Brinker Capital Inc., and PNC Financial Services Group Inc..
View insider buying and selling activity for Summit Hotel Properties.

INN stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, GW&K Investment Management LLC, Hill Winds Capital LP, First Trust Advisors LP, Alps Advisors Inc., Virtus ETF Advisers LLC, Denali Advisors LLC, and Dupont Capital Management Corp.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of INN stock can currently be purchased for approximately $6.06.

Summit Hotel Properties has a market capitalization of $637.33 million 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. Summit Hotel Properties employs 57 workers across the globe.

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

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]