Summit Hotel Properties Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 sell ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Summit Hotel Properties stock. 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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5 brokerages have issued 12-month price targets for Summit Hotel Properties' shares. Their INN stock forecasts range from $10.50 to $12.00. On average, they anticipate Summit Hotel Properties' share price to reach $11.30 in the next twelve months. This suggests a possible upside of 61.2% from the stock's current price.
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Summit Hotel Properties' stock was trading at $9.76 at the start of the year. Since then, INN stock has decreased by 28.2% and is now trading at $7.01.
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Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties, Inc. (NYSE:INN) issued its quarterly earnings results 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 9.56% and a negative trailing twelve-month return on equity of 3.59%. During the same quarter in the prior year, the company earned ($0.07) earnings per share.
View Summit Hotel Properties' earnings history.

4 employees have rated Summit Hotel Properties CEO Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among Summit Hotel Properties' employees.

Some companies that are related to Summit Hotel Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), Life Storage (LSI), CubeSmart (CUBE), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), EPR Properties (EPR) 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), 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."

Shares of INN 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 $7.01.

Summit Hotel Properties (NYSE:INN) has a market capitalization of $748.84 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 ($0.58) 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 Summit Hotel Properties 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.