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NYSE:INN

Summit Hotel Properties Stock Forecast, Price & News

$7.50
+0.19 (+2.60%)
(As of 06/28/2022 10:38 AM ET)
Add
Compare
Today's Range
$7.43
$7.66
50-Day Range
$6.80
$10.10
52-Week Range
$6.70
$10.94
Volume
11,081 shs
Average Volume
831,964 shs
Market Capitalization
$801.15 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.30
30 days | 90 days | 365 days | Advanced Chart

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INN Stock Forecast (MarketRank)

Overall MarketRank

2.39 out of 5 stars

Finance Sector

558th out of 1,394 stocks

Real Estate Investment Trusts Industry

120th out of 235 stocks

Analyst Opinion: 3.1Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
Summit Hotel Properties logo

About Summit Hotel Properties (NYSE:INN)

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 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.

INN Stock News Headlines

Marriott-branded hotel in Brickell sells for $89M
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
86608210
Employees
63
Year Founded
N/A

Company Calendar

Last Earnings
5/03/2022
Today
6/28/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$11.30
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+50.7%
Consensus Rating
Hold
Rating Score (0-4)
2.2
Research Coverage
5 Analysts

Profitability

Net Income
$-65.57 million
Pretax Margin
-10.16%

Debt

Sales & Book Value

Annual Sales
$361.93 million
Cash Flow
$0.43 per share
Book Value
$10.40 per share

Miscellaneous

Free Float
103,684,000
Market Cap
$801.15 million
Optionable
Optionable
Beta
2.04














Summit Hotel Properties Frequently Asked Questions

Should I buy or sell Summit Hotel Properties stock right now?

5 Wall Street equities research 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 equities research 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 Wall Street analysts have issued 12-month price objectives for Summit Hotel Properties' stock. Their INN stock forecasts range from $10.50 to $12.00. On average, they predict Summit Hotel Properties' stock price to reach $11.30 in the next year. This suggests a possible upside of 50.7% 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 performed in 2022?

Summit Hotel Properties' stock was trading at $9.76 at the start of the year. Since then, INN shares have decreased by 23.2% and is now trading at $7.50.
View the best growth stocks for 2022 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a drop in short interest in May. As of May 15th, there was short interest totaling 4,740,000 shares, a drop of 16.8% from the April 30th total of 5,700,000 shares. Based on an average trading volume of 863,300 shares, the short-interest ratio is presently 5.5 days. Currently, 4.6% of the shares of the stock are short sold.
View Summit Hotel Properties' Short Interest
.

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) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 3.59% and a negative net margin of 9.56%. During the same period in the previous year, the business 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 & CFO
  • Mr. 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.

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."

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.77%), State Street Corp (6.50%), Jennison Associates LLC (5.08%), GW&K Investment Management LLC (3.35%), Victory Capital Management Inc. (1.96%) and Charles Schwab Investment Management Inc. (1.75%). 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 H 2 Credit Manager LP, Hill Winds Capital LP, Goldman Sachs Group Inc., JLP Asset Management LLC, Lincluden Management Ltd., Russell Investments Group Ltd., Dimensional Fund Advisors LP, and State of New Jersey Common Pension Fund D. Company insiders that have sold Summit Hotel Properties company stock in the last two years include Craig J Aniszewski, and Daniel P Hansen.
View insider buying and selling activity for Summit Hotel Properties
or view top insider-selling stocks.

Which major investors are buying Summit Hotel Properties stock?

INN stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, State Street Corp, Vanguard Group Inc., Qube Research & Technologies Ltd, Systematic Financial Management LP, Renaissance Technologies LLC, GW&K Investment Management LLC, and Dupont Capital Management Corp.
View insider buying and selling activity for Summit Hotel Properties
or or view top insider-buying stocks.

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 $7.50.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $801.15 million and generates $361.93 million in revenue each year. The real estate investment trust earns $-65.57 million 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 [email protected], or via fax at 512-538-2333.

This page (NYSE:INN) was last updated on 6/28/2022 by MarketBeat.com Staff

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