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 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.

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.

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

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.

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.

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 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.
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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 $8.19.

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.

Summit Hotel Properties employs 63 workers across the globe.

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.