NYSE:INN Summit Hotel Properties - INN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Hotel Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $8.40 +0.25 (+3.07%) (As of 01/31/2023 11:12 AM ET) Add Compare Share Share Today's Range$8.17▼$8.4150-Day Range$7.01▼$8.5852-Week Range$6.57▼$10.58Volume100,714 shsAverage Volume482,366 shsMarket Capitalization$897.96 millionP/E RatioN/ADividend Yield1.92%Price Target$10.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Hotel Properties MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside28.8% Upside$10.50 Price TargetShort InterestHealthy3.40% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.81Upright™ Environmental ScoreNews Sentiment1.15Based on 3 Articles This WeekInsider TradingSelling Shares$25,230 Sold Last QuarterProj. Earnings Growth25.88%From $0.85 to $1.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.95 out of 5 starsFinance Sector68th out of 897 stocksReal Estate Investment Trusts Industry12th out of 190 stocks 3.2 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.50, Summit Hotel Properties has a forecasted upside of 28.8% from its current price of $8.15.Amount of Analyst CoverageSummit Hotel Properties has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.40% of the float of Summit Hotel Properties has been sold short.Short Interest Ratio / Days to CoverSummit Hotel Properties has a short interest ratio ("days to cover") of 6.4.Change versus previous monthShort interest in Summit Hotel Properties has recently decreased by 3.81%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldSummit Hotel Properties pays a meaningful dividend of 1.92%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSummit Hotel Properties does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Summit Hotel Properties will have a dividend payout ratio of 14.95% next year. This indicates that Summit Hotel Properties will be able to sustain or increase its dividend. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit Hotel Properties has received a -2.67% net impact score from Upright. Summit Hotel Properties uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Real estate funds investing in hotels" product. See details.Environmental SustainabilityThe Environmental Impact score for Summit Hotel Properties is -2.81. Previous Next 3.4 News and Social Media Coverage News SentimentSummit Hotel Properties has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Summit Hotel Properties this week, compared to 1 article on an average week.Search Interest6 people have searched for INN on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $25,230.00 in company stock.Percentage Held by InsidersOnly 2.94% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions96.59% of the stock of Summit Hotel Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow by 25.88% in the coming year, from $0.85 to $1.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -40.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Hotel Properties is -40.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioSummit Hotel Properties has a PEG Ratio of 0.16. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Hotel Properties (NYSE:INN) StockSummit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Frisco, TX.Read More Receive INN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address INN Stock News HeadlinesJanuary 26, 2023 | finance.yahoo.comSUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2022 DIVIDENDSDecember 29, 2022 | finance.yahoo.comShareholders in Summit Hotel Properties (NYSE:INN) are in the red if they invested five years agoJanuary 31, 2023 | PressReach (Ad)Top Lithium StockToday's stock market report features a battery metal lithium stock with great potential.December 26, 2022 | forbes.comBluebird Lake Placid Debuts In The AdirondacksDecember 2, 2022 | finance.yahoo.comInnocan Pharma Signs a First Consulting Agreement to Commercialize its Pharmaceutical IP in the Veterinary FieldNovember 29, 2022 | finance.yahoo.comInnocan Pharma Reports Q3 2022 Results with 700% Increase in Revenues Compared to Q3 2021November 18, 2022 | seekingalpha.comSummit Hotel Properties: I'm Still Confident In The 8.5% Preferred Dividend YieldNovember 18, 2022 | finance.yahoo.comGlamping Goes Institutional: Summit Hotel Properties and Onera Escapes Announce Partnership with First Ever Public REIT Dedicated Glamping InvestmentJanuary 31, 2023 | PressReach (Ad)Top Lithium StockToday's stock market report features a battery metal lithium stock with great potential.November 18, 2022 | finance.yahoo.comMr. Givi Topchishvili to Join Innocan Pharma's Advisory CommitteeNovember 9, 2022 | finance.yahoo.comInnocan Pharma Goes Live with Priority(TM) ERP SystemNovember 8, 2022 | finance.yahoo.comSUMMIT HOTEL PROPERTIES PUBLISHES 2022 CORPORATE RESPONSIBILITY REPORTNovember 5, 2022 | seekingalpha.comSummit Hotel Properties, Inc. (INN) Q3 2022 Earnings Call TranscriptNovember 2, 2022 | finance.yahoo.comSummit Hotel Properties (INN) Meets Q3 FFO EstimatesNovember 2, 2022 | finance.yahoo.comSUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2022 RESULTSOctober 29, 2022 | finance.yahoo.comSUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2022 DIVIDENDSOctober 25, 2022 | finance.yahoo.comInnocan Pharma to Participate in IR Labs' Investor Webinar on November 2, 2022October 18, 2022 | benzinga.com5 REITs That Outperformed The Market On MondayOctober 6, 2022 | finance.yahoo.comInnocan Pharma's Patent Application for Treatment of Psoriasis of the Scalp Reached National PhaseOctober 1, 2022 | seekingalpha.comINN Summit Hotel Properties, Inc.September 22, 2022 | investing.comSummit Hotel Properties Inc Preferred Series F (INN_pf)September 21, 2022 | finance.yahoo.comInnocan Pharma Provides an Operational UpdateSeptember 20, 2022 | msn.comPatel families rebuilding hotel empire with addition of 16 more MarriottsSeptember 20, 2022 | msn.comHospitality group IHG 'cautiously optimistic' on Middle East growth outlook in 2022September 12, 2022 | finance.yahoo.comSummit Hotel Properties, Inc. (INN-PE)September 9, 2022 | finance.yahoo.comInnocan Pharma Reports Another Successful Result from a Pre-Clinical Study on a Dog Suffering from Refractory (Drug-Resistant) Epilepsy Following LPT TreatmentSeptember 8, 2022 | finance.yahoo.comSummit Hotel Properties, Inc. (INN-PF)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive INN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address INN Company Calendar Last Earnings5/03/2022Ex-Dividend for 11/30 Dividend11/15/2022Dividend Payable11/30/2022Today1/31/2023Ex-Dividend for 2/28 Dividend2/13/2023Next Earnings (Confirmed)2/27/2023Dividend Payable2/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:INN CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone(512) 538-2300Fax512-538-2333Employees63Year FoundedN/APrice Target and Rating Average Stock Price Forecast$10.50 High Stock Price Forecast$11.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+25.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.20) Trailing P/E RatioN/A Forward P/E Ratio9.88 P/E Growth0.16Net Income$-65,570,000.00 Net Margins-0.66% Pretax Margin1.22% Return on Equity-0.30% Return on Assets-0.14% Debt Debt-to-Equity Ratio1.03 Current Ratio1.14 Quick Ratio1.14 Sales & Book Value Annual Sales$361.93 million Price / Sales2.48 Cash Flow$0.42 per share Price / Cash Flow19.85 Book Value$10.40 per share Price / Book0.81Miscellaneous Outstanding Shares106,900,000Free Float103,753,000Market Cap$897.96 million OptionableOptionable Beta1.96 Key ExecutivesJonathan P. StannerPresident, Chief Executive Officer & DirectorWilliam H. ConklingChief Financial Officer & Executive Vice PresidentChristopher R. EngSecretary, Chief Risk Officer & Executive VPPaul RuizChief Accounting Officer & Senior Vice PresidentAdam WudelSenior Vice President-Finance & Capital MarketsKey CompetitorsUniversal Health Realty Income TrustNYSE:UHTChatham Lodging TrustNYSE:CLDTCoreCivicNYSE:CXWHersha Hospitality TrustNYSE:HTService Properties TrustNASDAQ:SVCView All CompetitorsInsiders & InstitutionsSumitomo Mitsui Trust Holdings Inc.Sold 9,005 shares on 1/30/2023Ownership: 0.116%New York State Teachers Retirement SystemBought 11,117 shares on 1/27/2023Ownership: 0.136%Strs OhioSold 4,167 shares on 1/26/2023Ownership: 0.097%Comerica BankSold 22,384 shares on 1/26/2023Ownership: 0.068%Allspring Global Investments Holdings LLCBought 94,322 shares on 1/23/2023Ownership: 0.447%View All Insider TransactionsView All Institutional Transactions INN Stock - Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 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. View INN analyst ratings or view top-rated stocks. What is Summit Hotel Properties' stock price forecast for 2023? 3 equities research analysts have issued 1-year price objectives for Summit Hotel Properties' shares. Their INN share price forecasts range from $10.00 to $11.00. On average, they expect the company's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price. View analysts price targets for INN or view top-rated stocks among Wall Street analysts. How have INN shares performed in 2023? Summit Hotel Properties' stock was trading at $7.22 at the start of the year. Since then, INN stock has increased by 12.9% and is now trading at $8.15. View the best growth stocks for 2023 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,650,000 shares, a drop of 7.6% from the November 30th total of 3,950,000 shares. Based on an average daily volume of 665,100 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.5% of the shares of the company are short sold. View Summit Hotel Properties' Short Interest. When is Summit Hotel Properties' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023. View our INN earnings forecast. How can I listen to Summit Hotel Properties' earnings call? 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. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) issued its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 0.66% and a negative trailing twelve-month return on equity of 0.30%. During the same quarter in the previous year, the business 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 quarterly dividend on Thursday, January 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, February 13th. Read our dividend analysis for INN. Is Summit Hotel Properties a good dividend stock? Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.92%. 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 a number of institutional and retail investors. Top institutional investors 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. 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 $8.15. How much money does Summit Hotel Properties make? Summit Hotel Properties (NYSE:INN) has a market capitalization of $871.24 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. 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 1/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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