NYSE:INNSummit Hotel Properties Stock Price, Forecast & News

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, INN stock has decreased by 18.6% and is now trading at $5.31. View which stocks have been most impacted by Coronavirus.

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 Wednesday, July 29th 2020. View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties Inc (NYSE:INN) posted its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.34. The real estate investment trust earned $108.39 million during the quarter, compared to the consensus estimate of $110.52 million. Summit Hotel Properties had a return on equity of 4.51% and a net margin of 10.49%. View Summit Hotel Properties' earnings history.

Summit Hotel Properties announced a quarterly dividend on Friday, January 31st. Investors 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 annualized dividend and a dividend yield of 13.56%. The ex-dividend date of this dividend is Thursday, February 13th. View Summit Hotel Properties' dividend history.

6 brokerages have issued 1-year price objectives for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' share price to reach $9.58 in the next year. This suggests a possible upside of 80.5% from the stock's current price. View analysts' price targets for Summit Hotel Properties.

Media coverage about INN stock has trended negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Hotel Properties earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Summit Hotel Properties.

Summit Hotel Properties saw a drop in short interest in June. As of June 30th, there was short interest totaling 7,560,000 shares, a drop of 15.0% from the June 15th total of 8,890,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 7.3% of the shares of the stock are short sold. View Summit Hotel Properties' Current Options Chain.

Some companies that are related to Summit Hotel Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), HCP (HCP), Ventas (VTR), Extra Space Storage (EXR), 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). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include New Residential Investment (NRZ), Two Harbors Investment (TWO), Simon Property Group (SPG), Starwood Property Trust (STWD), AT&T (T), AbbVie (ABBV), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Ford Motor (F) and Kimco Realty (KIM).

Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."

Summit Hotel Properties' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.27%). 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 acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 $5.31.

Summit Hotel Properties has a market capitalization of $558.47 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]