NYSE:INNSummit Hotel Properties Stock Price, Forecast & 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 stock has decreased by 22.4% and is now trading at $5.06.
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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."
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Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020.
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Summit Hotel Properties will be holding an earnings conference call on Wednesday, August 5th 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) posted its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported ($0.18) earnings per share 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 net margin of 10.49% and a return on equity of 4.51%.
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 annualized dividend and a dividend yield of 14.23%. The ex-dividend date is Thursday, February 13th.
View Summit Hotel Properties' dividend history.

6 brokers have issued 12 month target prices for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $13.50. On average, they anticipate Summit Hotel Properties' stock price to reach $9.33 in the next twelve months. This suggests a possible upside of 84.5% from the stock's current price.
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Media stories about INN stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Hotel Properties earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Summit Hotel Properties.

Summit Hotel Properties saw a decline in short interest in July. As of July 15th, there was short interest totaling 3,620,000 shares, a decline of 6.9% from the June 30th total of 3,890,000 shares. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.5% of the shares of the stock are sold short.
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), 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).
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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 number of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.72%), NN Investment Partners Holdings N.V. (0.41%), First Trust Advisors LP (0.29%), Envestnet Asset Management Inc. (0.27%), Sumitomo Mitsui Trust Holdings Inc. (0.23%) and UBS Group AG (0.21%). 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., M&T Bank Corp, and Brinker Capital 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, First Trust Advisors LP, Denali Advisors LLC, Dupont Capital Management Corp, Envestnet Asset Management Inc., Mesirow Financial Investment Management Inc., Sumitomo Mitsui Trust Holdings Inc., and UBS Group AG.
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 $5.06.

Summit Hotel Properties has a market capitalization of $532.18 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]