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 (WHO). Since then, INN shares have decreased by 5.2% and is now trading at $6.18.
View which stocks have been most impacted by COVID-19.

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 Tuesday, November 3rd 2020.
View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties Inc (NYSE:INN) posted its quarterly earnings data on Wednesday, August, 5th. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.31. Summit Hotel Properties had a negative net margin of 11.20% and a negative return on equity of 3.78%.
View Summit Hotel Properties' earnings history.

Summit Hotel Properties declared a quarterly dividend on Friday, January 31st. Investors of record on Friday, February 14th will be given a dividend of $0.18 per share on Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 11.65%. The ex-dividend date of this dividend is Thursday, February 13th.
View Summit Hotel Properties' dividend history.

6 Wall Street analysts have issued 1-year price targets 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 $9.33 in the next twelve months. This suggests a possible upside of 51.0% from the stock's current price.
View analysts' price targets for Summit Hotel Properties.

Media headlines about INN stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave 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 impact on the company's share price in the next few days.
View the latest news about Summit Hotel Properties.

Summit Hotel Properties saw a drop in short interest in June. As of June 15th, there was short interest totaling 7,560,000 shares, a drop of 15.0% from the May 31st total of 8,890,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 7.3% of the shares of the stock are short sold.
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), HCP (HCP), 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 Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Two Harbors Investment (TWO), New Residential Investment (NRZ), Ladder Capital (LADR), Simon Property Group (SPG), Store Capital (STOR), AT&T (T), Apple Hospitality REIT (APLE) and Delta Air Lines (DAL).

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

Summit Hotel Properties' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.57%), Macquarie Group Ltd. (4.62%), LSV Asset Management (2.80%), GW&K Investment Management LLC (2.44%), Goldman Sachs Group Inc. (2.20%) and Victory Capital Management Inc. (2.11%). 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 sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., Vanguard Group Inc., LSV Asset Management, Grantham Mayo Van Otterloo & Co. LLC, Bank of New York Mellon Corp, State Board of Administration of Florida Retirement System, and Goldman Sachs Group Inc..
View insider buying and selling activity for Summit Hotel Properties.

INN stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, GW&K Investment Management LLC, Bank of America Corp DE, Macquarie Group Ltd., Barclays PLC, Hill Winds Capital LP, First Trust Advisors LP, and Alps Advisors 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 $6.18.

Summit Hotel Properties has a market capitalization of $653.21 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]