Summit Hotel Properties - INN Stock Forecast, Price & News

4 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, 1 hold rating 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.
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4 Wall Street research analysts have issued 12-month price targets for Summit Hotel Properties' shares. Their INN share price forecasts range from $10.00 to $12.00. On average, they predict the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 63.2% from the stock's current price.
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Summit Hotel Properties' stock was trading at $9.76 at the beginning of the year. Since then, INN shares have decreased by 30.9% and is now trading at $6.74.
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Summit Hotel Properties saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,190,000 shares, a drop of 10.9% from the August 15th total of 4,700,000 shares. Based on an average trading volume of 656,000 shares, the short-interest ratio is currently 6.4 days. Currently, 4.0% of the shares of the company are sold short.
View Summit Hotel Properties' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our INN earnings forecast.

Summit Hotel Properties will be holding an earnings conference call on Thursday, November 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Summit Hotel Properties, Inc. (NYSE:INN) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 2.21% and a negative trailing twelve-month return on equity of 0.94%. During the same quarter last year, the company earned ($0.07) EPS.

Summit Hotel Properties declared a -- dividend on Thursday, August 4th. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.04 per share on Wednesday, August 31st. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for INN.

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.30%.
Read our dividend analysis for INN.

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.

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).

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 institutional and retail investors. Top institutional investors include State Street Corp (6.53%), Jennison Associates LLC (5.54%), Victory Capital Management Inc. (1.94%), Northern Trust Corp (1.23%), Deutsche Bank AG (0.87%) and Peregrine Capital Management LLC (0.79%). Insiders that own company stock include Craig J Aniszewski and Daniel P Hansen.
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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.
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One share of INN stock can currently be purchased for approximately $6.74.

Summit Hotel Properties (NYSE:INN) has a market capitalization of $720.50 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 ($0.30) on an earnings per share basis.

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.