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NYSE:INN

Summit Hotel Properties - INN Stock Forecast, Price & News

$6.82
+0.22 (+3.33%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$6.64
$6.84
50-Day Range
$6.36
$8.68
52-Week Range
$6.17
$10.26
Volume
748,996 shs
Average Volume
674,515 shs
Market Capitalization
$729.06 million
P/E Ratio
N/A
Dividend Yield
2.35%
Price Target
$10.50

Summit Hotel Properties MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
44.2% Upside
$9.83 Price Target
Short Interest
Bearish
4.00% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.64mentions of Summit Hotel Properties in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$185,353 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Finance Sector

508th out of 892 stocks

Real Estate Investment Trusts Industry

107th out of 192 stocks


INN stock logo

About Summit Hotel Properties (NYSE:INN) Stock

Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.

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INN Stock News Headlines

Summit Hotel Properties (NYSE:INN) Shares Down 3.2%
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Q4 2022 Summit Hotel Properties Inc Earnings Call
Bluebird Lake Placid Debuts In The Adirondacks
Innocan Pharma Goes Live with Priority(TM) ERP System
See More Headlines
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INN Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 2/28 Dividend
2/13/2023
Dividend Payable
2/28/2023
Today
3/29/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$9.83
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+54.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
4 Analysts

Profitability

Net Income
$-1,050,000.00
Pretax Margin
0.71%

Debt

Sales & Book Value

Annual Sales
$675.70 million
Cash Flow
$1.55 per share
Book Value
$13.17 per share

Miscellaneous

Free Float
103,759,000
Market Cap
$729.06 million
Optionable
Optionable
Beta
2.01

Key Executives

  • Jonathan P. Stanner
    President, Chief Executive Officer & Director
  • William H. Conkling
    Chief Financial Officer & Executive Vice President
  • Christopher R. Eng
    Secretary, Chief Risk Officer & Executive VP
  • Paul Ruiz
    Chief Accounting Officer & Senior Vice President
  • Adam Wudel
    Senior Vice President-Finance & Capital Markets













INN Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INN shares.
View INN analyst ratings
or view top-rated stocks.

What is Summit Hotel Properties' stock price forecast for 2023?

4 brokers have issued 1 year price targets for Summit Hotel Properties' stock. Their INN share price forecasts range from $8.50 to $11.00. On average, they predict the company's share price to reach $9.83 in the next year. This suggests a possible upside of 44.2% from the stock's current price.
View analysts price targets for INN
or view top-rated stocks among Wall Street analysts.

How have INN shares performed in 2023?

Summit Hotel Properties' stock was trading at $7.22 at the beginning of the year. Since then, INN stock has decreased by 5.5% and is now trading at $6.82.
View the best growth stocks for 2023 here
.

When is Summit Hotel Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our INN earnings forecast
.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) released its quarterly earnings data 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 trailing twelve-month return on equity of 0.03% and a negative net margin of 0.06%. During the same period in the prior year, the company posted ($0.07) earnings per share.

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 Thursday, January 26th. Stockholders of record on Tuesday, February 14th will be given a dividend of $0.04 per share on Tuesday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Monday, February 13th.
Read our dividend analysis for INN
.

Is Summit Hotel Properties a good dividend stock?

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.47%.
Read our dividend analysis for INN.

What guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties updated its FY 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share (EPS) guidance of $0.92-$1.05 for the period, compared to the consensus earnings per share estimate of $1.11. The company issued revenue guidance of -.

What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?

4 employees have rated Summit Hotel Properties Chief Executive Officer Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among the company's 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 retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (6.30%), GW&K Investment Management LLC (3.17%), Geode Capital Management LLC (2.05%), Victory Capital Management Inc. (1.95%), Victory Capital Management Inc. (1.95%) and Victory Capital Management Inc. (1.95%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel.
View institutional ownership trends
.

How do I buy shares of Summit Hotel Properties?

Shares of INN stock 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 $6.82.

How much money does Summit Hotel Properties make?

Summit Hotel Properties (NYSE:INN) has a market capitalization of $729.06 million and generates $675.70 million in revenue each year. The real estate investment trust earns $-1,050,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

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 the company 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 3/30/2023 by MarketBeat.com Staff