Summit Hotel Properties Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Summit Hotel Properties stock.
View analyst ratings for Summit Hotel Properties or view top-rated stocks.

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Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties, Inc. (NYSE:INN) posted its quarterly earnings data on Tuesday, February, 23rd. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by $0.32. Summit Hotel Properties had a negative net margin of 28.45% and a negative trailing twelve-month return on equity of 7.82%.
View Summit Hotel Properties' earnings history.

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 60.6% and is now trading at $10.47.
View which stocks have been most impacted by COVID-19.

4 analysts have issued 12-month price objectives for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $11.50. On average, they expect Summit Hotel Properties' share price to reach $8.38 in the next twelve months. This suggests that the stock has a possible downside of 20.0%.
View analysts' price targets for Summit Hotel Properties or view top-rated stocks among Wall Street analysts.

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.

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), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA) and PotlatchDeltic (PCH).
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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 BlackRock Inc. (18.80%), GW&K Investment Management LLC (2.83%), Northern Trust Corp (2.21%), Victory Capital Management Inc. (1.82%), Principal Financial Group Inc. (1.62%) and Principal Financial Group Inc. (1.62%).
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, Victory Capital Management Inc., First Trust Advisors LP, Barclays PLC, JPMorgan Chase & Co., Russell Investments Group Ltd., Renaissance Technologies LLC, and Morgan Stanley.
View insider buying and selling activity for Summit Hotel Properties or view top insider-selling stocks.

INN stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Principal Financial Group Inc., Principal Financial Group Inc., Jennison Associates LLC, Lazard Asset Management LLC, Peregrine Capital Management LLC, State of New Jersey Common Pension Fund D, and Monarch Partners Asset Management 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.
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One share of INN stock can currently be purchased for approximately $10.47.

Summit Hotel Properties has a market capitalization of $1.11 billion 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 is headquartered at 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738.

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]