Summit Hotel Properties Stock Forecast, Price & News

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INN shares have increased by 34.4% and is now trading at $8.76.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Summit Hotel Properties stock.
View analyst ratings for Summit Hotel Properties or view MarketBeat's top 5 stock picks.

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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.

Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties will be holding an earnings conference call on Tuesday, February 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Summit Hotel Properties, Inc. (NYSE:INN) announced its quarterly earnings results on Tuesday, November, 3rd. The real estate investment trust reported ($0.37) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.03. Summit Hotel Properties had a negative trailing twelve-month return on equity of 7.82% and a negative net margin of 28.45%.
View Summit Hotel Properties' earnings history.

Summit Hotel Properties announced 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 yield of 8.22%. The ex-dividend date of this dividend is Thursday, February 13th.
View Summit Hotel Properties' dividend history.

4 brokers have issued 12 month price objectives for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $9.50. On average, they expect Summit Hotel Properties' stock price to reach $7.88 in the next year. This suggests that the stock has a possible downside of 10.1%.
View analysts' price targets for Summit Hotel Properties or view Wall Street analyst' top-rated stocks.

Summit Hotel Properties saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,130,000 shares, an increase of 24.6% from the December 15th total of 1,710,000 shares. Based on an average daily trading volume, of 885,800 shares, the short-interest ratio is presently 2.4 days. Approximately 2.1% of the company's shares 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), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP) 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), The Boeing (BA) and The 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 shareholders include Peregrine Capital Management LLC (1.37%), State of Alaska Department of Revenue (0.11%), Busey Wealth Management (0.04%), First Citizens Bank & Trust Co. (0.02%), Spirit of America Management Corp NY (0.01%) and Park Avenue Securities LLC (0.01%).
View institutional ownership trends for Summit Hotel Properties.

INN stock was sold by a variety of institutional investors in the last quarter, including Busey Wealth Management, State of Alaska Department of Revenue, First Citizens Bank & Trust Co., and Spirit of America Management Corp NY.
View insider buying and selling activity for Summit Hotel Properties or view top insider-selling stocks.

INN stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, and Park Avenue Securities LLC.
View insider buying and selling activity for Summit Hotel Properties or or view top insider-buying stocks.

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.

One share of INN stock can currently be purchased for approximately $8.76.

Summit Hotel Properties has a market capitalization of $926.01 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 59 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]