Summit Hotel Properties - INN Stock Forecast, Price & News

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.
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3 analysts have issued twelve-month price targets for Summit Hotel Properties' shares. Their INN share price forecasts range from $10.00 to $11.00. On average, they anticipate the company's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
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Summit Hotel Properties' stock was trading at $7.22 at the start of the year. Since then, INN shares have increased by 15.9% and is now trading at $8.37.
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Summit Hotel Properties saw a decline in short interest in December. As of December 15th, there was short interest totaling 3,650,000 shares, a decline of 7.6% from the November 30th total of 3,950,000 shares. Based on an average trading volume of 665,100 shares, the days-to-cover ratio is presently 5.5 days. Currently, 3.5% 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 Monday, February 27th 2023.
View our INN earnings forecast.

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.

Summit Hotel Properties, Inc. (NYSE:INN) posted its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 0.30% and a negative net margin of 0.66%. During the same quarter in the previous year, the company posted ($0.07) EPS.

Summit Hotel Properties declared a quarterly dividend on Thursday, January 26th. Investors 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 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Monday, February 13th.
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 1.96%.
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 retail and institutional investors. Top institutional shareholders 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.

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 $8.37.

Summit Hotel Properties (NYSE:INN) has a market capitalization of $894.75 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.

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.