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Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
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How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
'The Sacrifice Zone': Myanmar bears cost of green energy
Can Etsy Continue to Thrive After the Pandemic?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
'The Sacrifice Zone': Myanmar bears cost of green energy
Can Etsy Continue to Thrive After the Pandemic?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
NYSE:INN

Summit Hotel Properties - INN Stock Forecast, Price & News

$8.19
+0.04 (+0.49%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.11
$8.31
50-Day Range
$6.80
$9.41
52-Week Range
$6.70
$10.94
Volume
623,387 shs
Average Volume
562,642 shs
Market Capitalization
$875.51 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.13

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
35.8% Upside
$11.13 Price Target
Short Interest
Healthy
4.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
-0.04mentions of Summit Hotel Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.58%
From $0.95 to $1.25 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Finance Sector

528th out of 885 stocks

Real Estate Investment Trusts Industry

118th out of 197 stocks

INN stock 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.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Summit Hotel Properties from a "c-" rating to a "d+" rating in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $11.13.

Summit Hotel Properties Stock Up 0.5 %

INN Stock opened at $8.19 on Tuesday. The firm has a market cap of $875.50 million, a PE ratio of -27.30 and a beta of 1.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.77 and a current ratio of 1.77. The firm's 50 day moving average price is $7.75 and its 200-day moving average price is $8.92. Summit Hotel Properties has a one year low of $6.70 and a one year high of $10.94.

Summit Hotel Properties Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, August 16th.

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INN Stock News Headlines

Summit Hotel Properties, Inc. (INN)
Marriott-branded hotel in Brickell sells for $89M
See More Headlines
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INN Company Calendar

Last Earnings
5/03/2022
Today
8/09/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$11.13
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+35.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$-65,570,000.00
Pretax Margin
0.87%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
103,756,000
Market Cap
$875.51 million
Optionable
Optionable
Beta
1.99














INN Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 2 sell ratings and 2 buy ratings 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 2022?

4 brokerages have issued 12-month target prices for Summit Hotel Properties' shares. Their INN share price forecasts range from $10.50 to $12.00. On average, they anticipate the company's share price to reach $11.13 in the next year. This suggests a possible upside of 35.8% from the stock's current price.
View analysts price targets for INN
or view top-rated stocks among Wall Street analysts.

How has Summit Hotel Properties' stock performed in 2022?

Summit Hotel Properties' stock was trading at $9.76 at the beginning of 2022. Since then, INN shares have decreased by 16.1% and is now trading at $8.19.
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 Wednesday, November 2nd 2022.
View our INN earnings forecast
.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) released its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share 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 period last year, the firm 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 -- dividend on Thursday, August 4th. Investors of record on Wednesday, August 17th will be given a dividend of $0.04 per share on Wednesday, August 31st. The ex-dividend date is Tuesday, August 16th.
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 many different retail and institutional investors. Top institutional investors include Jennison Associates LLC (5.54%), Victory Capital Management Inc. (1.94%), Peregrine Capital Management LLC (0.79%), State of New Jersey Common Pension Fund D (0.72%), Allspring Global Investments Holdings LLC (0.50%) and Russell Investments Group Ltd. (0.29%). Insiders that own company stock include Craig J Aniszewski and Daniel P Hansen.
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 $8.19.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $875.50 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.

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 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 8/9/2022 by MarketBeat.com Staff

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