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S&P 500   3,655.04
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Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
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US stocks slip deeper into a slump as recession fears grow
How You Should Be Choosing Your Stocks (Ad)pixel
British pound plunges to new low as tax cuts spark concern
Lights out, ovens off: Europe preps for winter energy crisis
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Comcast is an Asset Bonanza Priced Cheap
US stocks slip deeper into a slump as recession fears grow
How You Should Be Choosing Your Stocks (Ad)pixel
British pound plunges to new low as tax cuts spark concern
Lights out, ovens off: Europe preps for winter energy crisis
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Comcast is an Asset Bonanza Priced Cheap
US stocks slip deeper into a slump as recession fears grow
How You Should Be Choosing Your Stocks (Ad)pixel
British pound plunges to new low as tax cuts spark concern
Lights out, ovens off: Europe preps for winter energy crisis
NYSE:INN

Summit Hotel Properties - INN Stock Forecast, Price & News

$6.74
-0.22 (-3.16%)
(As of 09/26/2022 12:00 AM ET)
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Compare
Today's Range
$6.68
$7.02
50-Day Range
$6.74
$8.99
52-Week Range
$6.68
$10.94
Volume
1.00 million shs
Average Volume
788,186 shs
Market Capitalization
$720.51 million
P/E Ratio
N/A
Dividend Yield
2.30%
Price Target
$11.00

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
63.2% Upside
$11.00 Price Target
Short Interest
Healthy
4.04% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.58mentions of Summit Hotel Properties in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.17%
From $0.92 to $1.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Finance Sector

204th out of 885 stocks

Real Estate Investment Trusts Industry

43rd out of 194 stocks

INN stock logo

About Summit Hotel Properties (NYSE:INN) Stock

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

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INN Stock News Headlines

Innocan Pharma Provides an Operational Update
Summit Hotel Properties, Inc. (INN-PE)
Summit Hotel Properties, Inc. (INN-PF)
Summit Hotel Properties, Inc. (INN)
See More Headlines
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INN Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Today
9/27/2022
Next Earnings (Confirmed)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
86608210
Employees
63
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+63.2%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
2 Analysts

Profitability

Net Income
$-65,570,000.00
Pretax Margin
0.87%

Debt

Sales & Book Value

Annual Sales
$361.93 million
Cash Flow
$0.41 per share
Book Value
$10.40 per share

Miscellaneous

Free Float
103,756,000
Market Cap
$720.51 million
Optionable
Optionable
Beta
1.94

Key Executives

  • Mr. Jonathan P. Stanner (Age 41)
    Pres, CEO & Director
    Comp: $1.86M
  • Mr. William H. Conkling
    Exec. VP & CFO
  • Mr. Paul Ruiz (Age 56)
    Sr. VP & Chief Accounting Officer
    Comp: $618.2k
  • Mr. Christopher Russell Eng (Age 51)
    Chief Risk Officer, Exec. VP, Gen. Counsel & Sec.
    Comp: $911.6k
  • Mr. Adam Wudel
    Sr. VP of Fin. & Capital Markets













INN Stock - Frequently Asked Questions

Should I buy or sell Summit Hotel Properties stock right now?

4 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, 1 hold rating 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 2022?

4 Wall Street research analysts have issued 12-month price targets for Summit Hotel Properties' shares. Their INN share price forecasts range from $10.00 to $12.00. On average, they predict the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 63.2% 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 2022?

Summit Hotel Properties' stock was trading at $9.76 at the beginning of the year. Since then, INN shares have decreased by 30.9% and is now trading at $6.74.
View the best growth stocks for 2022 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,190,000 shares, a drop of 10.9% from the August 15th total of 4,700,000 shares. Based on an average trading volume of 656,000 shares, the short-interest ratio is currently 6.4 days. Currently, 4.0% of the shares of the company are sold short.
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 Wednesday, November 2nd 2022.
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 Thursday, November 3rd 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) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 2.21% and a negative trailing twelve-month return on equity of 0.94%. During the same quarter last year, the company earned ($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 -- dividend on Thursday, August 4th. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.04 per share on Wednesday, August 31st. The ex-dividend date of this dividend is Tuesday, August 16th.
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 2.30%.
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 many different institutional and retail investors. Top institutional investors include State Street Corp (6.53%), Jennison Associates LLC (5.54%), Victory Capital Management Inc. (1.94%), Northern Trust Corp (1.23%), Deutsche Bank AG (0.87%) and Peregrine Capital Management LLC (0.79%). Insiders that own company stock include Craig J Aniszewski and Daniel P Hansen.
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 $6.74.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $720.50 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 ($0.30) 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 9/27/2022 by MarketBeat.com Staff

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