NYSE:INNSummit Hotel Properties Stock Price, Forecast & News

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, INN shares have increased by 10.7% and is now trading at $7.22. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 5 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 earnings results on Monday, May, 11th. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.34. The real estate investment trust had revenue of $108.39 million for the quarter, compared to analyst estimates 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date of this dividend is Thursday, February 13th. View Summit Hotel Properties' dividend history.

5 equities research analysts have issued twelve-month price objectives for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' stock price to reach $9.70 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price. View analysts' price targets for Summit Hotel Properties.

News headlines about INN stock have trended negative on Thursday, according to InfoTrie. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutSummit Hotel Properties.

Summit Hotel Properties saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,130,000 shares, an increase of 5.7% from the April 30th total of 8,640,000 shares. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is currently 5.7 days. Approximately 8.9% of the shares of the company 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), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.78%), State Street Corp (6.24%), Nuveen Asset Management LLC (2.84%), Victory Capital Management Inc. (2.16%), Victory Capital Management Inc. (2.16%) and Clearbridge Investments LLC (2.14%). 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 Nuveen Asset Management LLC, Systematic Financial Management LP, Bank of New York Mellon Corp, Mackenzie Financial Corp, BlackRock Inc., Clearbridge Investments LLC, GWM Advisors LLC, and Chicago Equity Partners LLC. View insider buying and selling activity for Summit Hotel Properties.

INN stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, Balyasny Asset Management LLC, Deprince Race & Zollo Inc., Wells Fargo & Company MN, Matarin Capital Management LLC, Parametric Portfolio Associates LLC, and JPMorgan Chase & Co.. 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 $7.22.

Summit Hotel Properties has a market capitalization of $759.33 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]