NYSE:INNSummit Hotel Properties Stock Price, Forecast & News Adding Choose a 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. Log In and Add $6.33 +0.03 (+0.48 %) (As of 08/12/2020 04:00 PM ET) Add Compare Share Today's Range$6.28Now: $6.33▼$6.6550-Day Range$5.06MA: $5.56▼$6.3052-Week Range$2.32Now: $6.33▼$12.59Volume959,100 shsAverage Volume1.38 million shsMarket Capitalization$669.06 millionP/E RatioN/ADividend YieldN/ABeta2 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 April 18, 2019, the Company's portfolio consisted of 69 hotels with a total of 10,714 guestrooms located in 24 states.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.33, Summit Hotel Properties has a potential upside of 47.4% from its current price of $6.33.Amount of Analyst CoverageSummit Hotel Properties has only been the subject of 2 research reports in the past 90 days. Previous Next 2.7 Community Rank Outperform VotesSummit Hotel Properties has received 390 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSummit Hotel Properties has received 329 “underperform” votes. (Add your “underperform” vote.)Community SentimentSummit Hotel Properties has received 54.24% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Summit Hotel Properties and other stocks. Vote “Outperform” if you believe INN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INN will underperform the S&P 500 over the long term. You may vote once every thirty days. 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 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 2.60% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions98.47% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow in the coming year, from ($0.18) to $0.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -10.91, 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 -10.91, 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 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.69 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:INN Previous Symbol CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone512-538-2300Debt Debt-to-Equity Ratio1.02 Current Ratio2.17 Quick Ratio2.17Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$549.35 million Price / Sales1.22 Cash Flow$1.82 per share Price / Cash Flow3.47 Book Value$11.82 per share Price / Book0.54Profitability EPS (Most Recent Fiscal Year)$1.25 Net Income$82.61 million Net Margins-11.20% Return on Equity-3.78% Return on Assets-1.93%Miscellaneous Employees57 Outstanding Shares105,697,000Market Cap$669.06 million Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $6.33 +0.03 (+0.48 %) (As of 08/12/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive INN News and Ratings via Email Sign-up to receive the latest news and ratings for INN and its competitors with MarketBeat's FREE daily newsletter. Summit Hotel Properties (NYSE:INN) Frequently Asked Questions How has Summit Hotel Properties' stock price been impacted by COVID-19? 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 (WHO). Since then, INN stock has decreased by 2.9% and is now trading at $6.33. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Summit Hotel Properties? 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." View analyst ratings for Summit Hotel Properties. When is Summit Hotel Properties' next earnings date? Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Summit Hotel Properties. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties Inc (NYSE:INN) posted its quarterly earnings results on Wednesday, August, 5th. The real estate investment trust reported ($0.52) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.31. Summit Hotel Properties had a negative return on equity of 3.78% and a negative net margin of 11.20%. View Summit Hotel Properties' earnings history. How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties? Summit Hotel Properties declared a quarterly dividend on Friday, January 31st. Investors 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 11.37%. The ex-dividend date of this dividend is Thursday, February 13th. View Summit Hotel Properties' dividend history. What price target have analysts set for INN? 6 brokerages have issued 12-month price objectives for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' share price to reach $9.33 in the next twelve months. This suggests a possible upside of 47.4% from the stock's current price. View analysts' price targets for Summit Hotel Properties. Has Summit Hotel Properties been receiving favorable news coverage? Media coverage about INN stock has trended somewhat negative this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Hotel Properties earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Summit Hotel Properties. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,620,000 shares, a decline of 6.9% from the July 15th 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. Currently, 3.5% of the company's shares are short sold. View Summit Hotel Properties' Short Interest. 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), 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). View all 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 Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Two Harbors Investment (TWO), New Residential Investment (NRZ), Ladder Capital (LADR), Simon Property Group (SPG), Store Capital (STOR), AT&T (T), Apple Hospitality REIT (APLE) and Delta Air Lines (DAL). Who are Summit Hotel Properties' key executives? Summit Hotel Properties' management team includes the following people: Mr. Daniel P. Hansen, Chairman, Pres & CEO (Age 50)Mr. Jonathan P. Stanner, Exec. VP, CFO & Treasurer (Age 38)Mr. Craig J. Aniszewski, Exec. VP & COO (Age 56)Mr. Paul Ruiz, Sr. VP & Chief Accounting OfficerMr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 48) 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 a number of retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (4.62%), LSV Asset Management (2.80%), GW&K Investment Management LLC (2.44%), Goldman Sachs Group Inc. (2.20%), Victory Capital Management Inc. (2.11%) and Bank of New York Mellon Corp (1.14%). Company insiders that own Summit Hotel Properties stock include Craig J Aniszewski and Daniel P Hansen. View institutional ownership trends for Summit Hotel Properties. Which major investors are selling Summit Hotel Properties stock? 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., LSV Asset Management, Bank of New York Mellon Corp, State Board of Administration of Florida Retirement System, Goldman Sachs Group Inc., M&T Bank Corp, and Prudential Financial Inc.. View insider buying and selling activity for Summit Hotel Properties. Which major investors are buying Summit Hotel Properties stock? INN stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, GW&K Investment Management LLC, Macquarie Group Ltd., Barclays PLC, Hill Winds Capital LP, First Trust Advisors LP, Alps Advisors Inc., and Virtus ETF Advisers LLC. View insider buying and selling activity for Summit Hotel Properties. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Summit Hotel Properties' stock price today? One share of INN stock can currently be purchased for approximately $6.33. How big of a company is Summit Hotel Properties? Summit Hotel Properties has a market capitalization of $669.06 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. What is Summit Hotel Properties' official website? The official website for Summit Hotel Properties is www.shpreit.com. How can I contact Summit Hotel Properties? 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] This page was last updated on 8/12/2020 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. 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