Summit Hotel Properties Stock Forecast, Price & 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 (WHO). Since then, INN stock has decreased by 24.2% and is now trading at $4.94.
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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."
View analyst ratings for Summit Hotel Properties.

Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings results on Wednesday, August, 5th. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing the consensus estimate 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. Shareholders 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 dividend yield of 14.57%. The ex-dividend date is Thursday, February 13th.
View Summit Hotel Properties' dividend history.

6 analysts have issued 12 month target prices for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' stock price to reach $9.33 in the next year. This suggests a possible upside of 88.9% from the stock's current price.
View analysts' price targets for Summit Hotel Properties.

Summit Hotel Properties saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,070,000 shares, an increase of 11.9% from the August 15th total of 1,850,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.0% of the shares of the company are sold short.
View Summit Hotel Properties' Short Interest.

Some companies that are related to Summit Hotel Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), 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 Pfizer (PFE), Southwest Airlines (LUV), AT&T (T), Alibaba Group (BABA), Delta Air Lines (DAL), Two Harbors Investment (TWO), Boeing (BA), Intel (INTC), Ladder Capital (LADR) and New Residential Investment (NRZ).

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 Vanguard Group Inc. (13.57%), Macquarie Group Ltd. (4.62%), Nuveen Asset Management LLC (3.24%), LSV Asset Management (2.80%), GW&K Investment Management LLC (2.44%) and Goldman Sachs Group Inc. (2.20%). 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., Charles Schwab Investment Management Inc., Vanguard Group Inc., LSV Asset Management, Grantham Mayo Van Otterloo & Co. LLC, Bank of New York Mellon Corp, and State Board of Administration of Florida Retirement System.
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, Nuveen Asset Management LLC, GW&K Investment Management LLC, Bank of America Corp DE, Macquarie Group Ltd., Barclays PLC, Hill Winds Capital LP, and First Trust Advisors LP.
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 $4.94.

Summit Hotel Properties has a market capitalization of $522.14 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]