QQQ   292.38 (+0.73%)
AAPL   142.94 (-0.04%)
MSFT   245.01 (+0.95%)
META   148.06 (+0.68%)
GOOGL   97.64 (+0.72%)
AMZN   102.97 (+2.41%)
TSLA   171.96 (+3.18%)
NVDA   194.52 (+1.51%)
NIO   12.31 (+2.41%)
BABA   111.77 (+0.51%)
AMD   74.00 (+2.14%)
T   20.30 (+0.69%)
MU   59.87 (-2.98%)
F   13.39 (+3.88%)
CGC   2.92 (+2.82%)
GE   80.60 (-0.28%)
DIS   108.07 (+0.45%)
AMC   5.14 (+2.59%)
PFE   43.56 (+0.02%)
PYPL   80.23 (+0.74%)
NFLX   352.37 (-0.21%)
QQQ   292.38 (+0.73%)
AAPL   142.94 (-0.04%)
MSFT   245.01 (+0.95%)
META   148.06 (+0.68%)
GOOGL   97.64 (+0.72%)
AMZN   102.97 (+2.41%)
TSLA   171.96 (+3.18%)
NVDA   194.52 (+1.51%)
NIO   12.31 (+2.41%)
BABA   111.77 (+0.51%)
AMD   74.00 (+2.14%)
T   20.30 (+0.69%)
MU   59.87 (-2.98%)
F   13.39 (+3.88%)
CGC   2.92 (+2.82%)
GE   80.60 (-0.28%)
DIS   108.07 (+0.45%)
AMC   5.14 (+2.59%)
PFE   43.56 (+0.02%)
PYPL   80.23 (+0.74%)
NFLX   352.37 (-0.21%)
QQQ   292.38 (+0.73%)
AAPL   142.94 (-0.04%)
MSFT   245.01 (+0.95%)
META   148.06 (+0.68%)
GOOGL   97.64 (+0.72%)
AMZN   102.97 (+2.41%)
TSLA   171.96 (+3.18%)
NVDA   194.52 (+1.51%)
NIO   12.31 (+2.41%)
BABA   111.77 (+0.51%)
AMD   74.00 (+2.14%)
T   20.30 (+0.69%)
MU   59.87 (-2.98%)
F   13.39 (+3.88%)
CGC   2.92 (+2.82%)
GE   80.60 (-0.28%)
DIS   108.07 (+0.45%)
AMC   5.14 (+2.59%)
PFE   43.56 (+0.02%)
PYPL   80.23 (+0.74%)
NFLX   352.37 (-0.21%)
QQQ   292.38 (+0.73%)
AAPL   142.94 (-0.04%)
MSFT   245.01 (+0.95%)
META   148.06 (+0.68%)
GOOGL   97.64 (+0.72%)
AMZN   102.97 (+2.41%)
TSLA   171.96 (+3.18%)
NVDA   194.52 (+1.51%)
NIO   12.31 (+2.41%)
BABA   111.77 (+0.51%)
AMD   74.00 (+2.14%)
T   20.30 (+0.69%)
MU   59.87 (-2.98%)
F   13.39 (+3.88%)
CGC   2.92 (+2.82%)
GE   80.60 (-0.28%)
DIS   108.07 (+0.45%)
AMC   5.14 (+2.59%)
PFE   43.56 (+0.02%)
PYPL   80.23 (+0.74%)
NFLX   352.37 (-0.21%)
NYSE:INN

Summit Hotel Properties - INN Stock Forecast, Price & News

$8.40
+0.25 (+3.07%)
(As of 01/31/2023 11:12 AM ET)
Add
Compare
Today's Range
$8.17
$8.41
50-Day Range
$7.01
$8.58
52-Week Range
$6.57
$10.58
Volume
100,714 shs
Average Volume
482,366 shs
Market Capitalization
$897.96 million
P/E Ratio
N/A
Dividend Yield
1.92%
Price Target
$10.50

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
28.8% Upside
$10.50 Price Target
Short Interest
Healthy
3.40% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
1.15mentions of Summit Hotel Properties in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$25,230 Sold Last Quarter
Proj. Earnings Growth
25.88%
From $0.85 to $1.07 Per Share

Overall MarketRank

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

2.95 out of 5 stars

Finance Sector

68th out of 897 stocks

Real Estate Investment Trusts Industry

12th 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 Frisco, TX.

Receive INN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter.

INN Stock News Headlines

Top Lithium Stock
Today's stock market report features a battery metal lithium stock with great potential.
Bluebird Lake Placid Debuts In The Adirondacks
Top Lithium Stock
Today's stock market report features a battery metal lithium stock with great potential.
Innocan Pharma Goes Live with Priority(TM) ERP System
Summit Hotel Properties (INN) Meets Q3 FFO Estimates
5 REITs That Outperformed The Market On Monday
INN Summit Hotel Properties, Inc.
Innocan Pharma Provides an Operational Update
Summit Hotel Properties, Inc. (INN-PE)
Summit Hotel Properties, Inc. (INN-PF)
See More Headlines
Receive INN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter.

INN Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 11/30 Dividend
11/15/2022
Dividend Payable
11/30/2022
Today
1/31/2023
Ex-Dividend for 2/28 Dividend
2/13/2023
Next Earnings (Confirmed)
2/27/2023
Dividend Payable
2/28/2023
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
$10.50
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+25.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-65,570,000.00
Pretax Margin
1.22%

Debt

Sales & Book Value

Annual Sales
$361.93 million
Cash Flow
$0.42 per share
Book Value
$10.40 per share

Miscellaneous

Free Float
103,753,000
Market Cap
$897.96 million
Optionable
Optionable
Beta
1.96

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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" INN shares. 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 INN analyst ratings
or view top-rated stocks.

What is Summit Hotel Properties' stock price forecast for 2023?

3 equities research analysts have issued 1-year price objectives for Summit Hotel Properties' shares. Their INN share price forecasts range from $10.00 to $11.00. On average, they expect the company's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 28.8% 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 stock has increased by 12.9% and is now trading at $8.15.
View the best growth stocks for 2023 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,650,000 shares, a drop of 7.6% from the November 30th total of 3,950,000 shares. Based on an average daily volume of 665,100 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.5% of the shares of the company are short sold.
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 Monday, February 27th 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 Tuesday, February 28th at 9:00 AM 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) issued its quarterly earnings data 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 0.66% and a negative trailing twelve-month return on equity of 0.30%. During the same quarter in the previous year, the business 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, January 26th. Stockholders of record on Tuesday, February 14th will be given a dividend of $0.04 per share on Tuesday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for INN
.

Is Summit Hotel Properties a good dividend stock?

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.92%.
Read our dividend analysis for INN.

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 a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.45%), New York State Teachers Retirement System (0.14%), Sumitomo Mitsui Trust Holdings Inc. (0.12%), Strs Ohio (0.10%), Comerica Bank (0.07%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen 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 $8.15.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $871.24 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 ($0.20) 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 1/31/2023 by MarketBeat.com Staff