NYSE:INN Summit Hotel Properties Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Hotel Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $7.01 -0.23 (-3.18%) (As of 07/6/2022 12:00 AM ET) Add Compare Share Today's Range$6.97▼$7.3950-Day Range$6.80▼$10.1052-Week Range$6.70▼$10.94Volume659,831 shsAverage Volume808,510 shsMarket Capitalization$748.84 millionP/E RatioN/ADividend YieldN/APrice Target$11.30 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Hotel Properties MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside61.2% Upside$11.30 Price TargetShort InterestHealthy4.33% of Float Sold ShortDividend StrengthN/ASustainability-2.81Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth42.05%From $0.88 to $1.25 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.03 out of 5 starsFinance Sector532nd out of 1,389 stocksReal Estate Investment Trusts Industry119th out of 235 stocks 3.1 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, no hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.30, Summit Hotel Properties has a forecasted upside of 61.2% from its current price of $7.01.Amount of Analyst CoverageSummit Hotel Properties has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.33% of the float of Summit Hotel Properties has been sold short.Short Interest Ratio / Days to CoverSummit Hotel Properties has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in Summit Hotel Properties has recently decreased by 6.95%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSummit Hotel Properties does not currently pay a dividend.Dividend GrowthSummit Hotel Properties does not have a long track record of dividend growth. Previous Next 1.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit Hotel Properties has received a -2.67% net impact score from Upright. Summit Hotel Properties uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Real estate funds investing in hotels" product. See details.Environmental SustainabilityThe Environmental Impact score for Summit Hotel Properties is -2.81. Previous Next 1.7 News and Social Media Coverage News SentimentSummit Hotel Properties has a news sentiment score of 0.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Summit Hotel Properties this week, compared to 1 article on an average week.Search Interest4 people have searched for INN on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.94% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions99.19% of the stock of Summit Hotel Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow by 42.05% in the coming year, from $0.88 to $1.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -12.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Hotel Properties is -12.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive INN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address About Summit Hotel Properties (NYSE:INN) StockSummit 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.Read More INN Stock News HeadlinesJuly 6, 2022 | finance.yahoo.comInnocan Reports Positive Results from Recent Preclinical Trial on Epileptic Seizures On a Dog using LPT: "Since The Last LPT injection, Paco (dog) Has Not Had a Seizure for Over 10 weeks"June 27, 2022 | finance.yahoo.comSummit Hotel Properties (INN) Moves 7.9% Higher: Will This Strength Last?June 24, 2022 | finance.yahoo.comInnocan Reports Successful Preclinical Dog-Trial Results Regarding Pain Management: "It Was as If a New Dog Came into Our Lives"June 18, 2022 | seekingalpha.comSummit Hotel Properties: The Preferred Shares Are Now Yielding 7.8%June 14, 2022 | finance.yahoo.comMarriott-branded hotel in Brickell sells for $89MJune 13, 2022 | seekingalpha.comSummit Hotel Properties completes acquisition of AC Hotel by Marriott & Element Miami BrickellJune 10, 2022 | finance.yahoo.comInnocan Reports Successful Preliminary Trial Results Regarding Epilepsy in DogsMay 31, 2022 | finance.yahoo.comIs the Options Market Predicting a Spike in Summit Hotel Properties (INN) Stock?May 30, 2022 | finance.yahoo.comInnocan Pharma Announces Q1 2022 Results with 215% Increase in Cash Balance and 200% Increase in Working CapitalMay 24, 2022 | bizjournals.comLife sciences developer identified as buyer of South San Francisco hotelMay 17, 2022 | finance.yahoo.comInnocan Pharma Obtains Receipt for Final Base Shelf ProspectusMay 16, 2022 | finance.yahoo.comSFO-adjacent Hilton hotel sells for 30% higher key price than 2019May 13, 2022 | finance.yahoo.comSummit Hotel Properties Completes Sale of Hilton Garden Inn San Francisco Airport North for $75 MillionMay 11, 2022 | finance.yahoo.comInnocan Pharma Announces the Successful Publication of a New Patent Application of Its New Sustained-Release (LPC) CBD FormulationMay 4, 2022 | seekingalpha.comSummit Hotel Properties, Inc. (INN) CEO Jon Stanner On Q1 2022 Results - Earnings Call TranscriptMay 3, 2022 | finance.yahoo.comSUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2022 RESULTSApril 30, 2022 | forbes.comSummit Hotel Properties (INN)April 29, 2022 | nasdaq.comSummit Hotel Properties' Series E Preferred Stock Shares Cross 7% Yield MarkApril 29, 2022 | finance.yahoo.comSUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2022 PREFERRED DIVIDENDSApril 29, 2022 | finance.yahoo.comInnocan Pharma's Compassionate Care Treatment for DogsApril 18, 2022 | nasdaq.comNotable Two Hundred Day Moving Average Cross - INNApril 11, 2022 | finance.yahoo.comInnocan Pharma's Case Report Accepted to the 25M Readers of Frontiers Veterinary Scientific JournalApril 1, 2022 | nasdaq.comSummit Hotel Properties, Inc. Common Stock (INN)April 1, 2022 | nasdaq.comSummit Hotel Properties, Inc. Common Stock (INN)March 29, 2022 | finance.yahoo.comSUMMIT HOTEL PROPERTIES COMPLETES ACQUISITION OF CANOPY BY HILTON NEW ORLEANS DOWNTOWNSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:INN CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone(512) 538-2300Fax512-538-2333Employees63Year FoundedN/ACompany Calendar Last Earnings5/03/2022Today7/06/2022Next Earnings (Estimated)8/02/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$11.30 High Stock Price Forecast$12.00 Low Stock Price Forecast$10.50 Forecasted Upside/Downside+61.2%Consensus RatingHold Rating Score (0-4)2.2 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.58) Trailing P/E RatioN/A Forward P/E Ratio7.97 P/E GrowthN/ANet Income$-65,570,000.00 Net Margins-9.56% Pretax Margin-10.16% Return on Equity-3.59% Return on Assets-1.73% Debt Debt-to-Equity Ratio1.01 Current Ratio1.77 Quick Ratio1.77 Sales & Book Value Annual Sales$361.93 million Price / Sales2.07 Cash Flow$0.41 per share Price / Cash Flow17.16 Book Value$10.40 per share Price / Book0.67Miscellaneous Outstanding Shares106,825,000Free Float103,684,000Market Cap$748.84 million OptionableOptionable Beta2.03 Summit Hotel Properties Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 5 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 and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Summit Hotel Properties stock. 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 analyst ratings for Summit Hotel Properties or view top-rated stocks. What is Summit Hotel Properties' stock price forecast for 2022? 5 brokerages have issued 12-month price targets for Summit Hotel Properties' shares. Their INN stock forecasts range from $10.50 to $12.00. On average, they anticipate Summit Hotel Properties' share price to reach $11.30 in the next twelve months. This suggests a possible upside of 61.2% from the stock's current price. View analysts' price targets for Summit Hotel Properties or view top-rated stocks among Wall Street analysts. How has Summit Hotel Properties' stock price performed in 2022? Summit Hotel Properties' stock was trading at $9.76 at the start of the year. Since then, INN stock has decreased by 28.2% and is now trading at $7.01. View the best growth stocks for 2022 here. When is Summit Hotel Properties' next earnings date? Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Summit Hotel Properties. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) issued its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 9.56% and a negative trailing twelve-month return on equity of 3.59%. During the same quarter in the prior year, the company earned ($0.07) earnings per share. View Summit Hotel Properties' earnings history. Who are Summit Hotel Properties' key executives? Summit Hotel Properties' management team includes the following people: Mr. Jonathan P. Stanner, Pres, CEO & Director (Age 41, Pay $1.86M)Mr. William H. Conkling, Exec. VP & CFOMr. Paul Ruiz, Sr. VP & Chief Accounting Officer (Age 56, Pay $618.2k)Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 51, Pay $911.6k)Mr. Adam Wudel, Sr. VP of Fin. & Capital Markets What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO? 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. Who are some of Summit Hotel Properties' key competitors? Some companies that are related to Summit Hotel Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), Life Storage (LSI), CubeSmart (CUBE), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), EPR Properties (EPR) and Sabra Health Care REIT (SBRA). View all of INN's competitors. 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." How do I buy shares of 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 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 $7.01. How much money does Summit Hotel Properties make? Summit Hotel Properties (NYSE:INN) has a market capitalization of $748.84 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 ($0.58) on an earnings per share basis. How many employees does Summit Hotel Properties have? Summit Hotel Properties employs 63 workers across the globe. 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 Summit Hotel Properties 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 7/6/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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