Summit Hotel Properties Stock Forecast, Price & News

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.

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.

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.
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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.

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.

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.

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), Extra Space Storage (EXR), Ventas (VTR), CubeSmart (CUBE), Life Storage (LSI), 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).
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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), Boeing (BA) and 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 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.

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.

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.

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 $7.50.

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.

Summit Hotel Properties employs 63 workers across the globe.

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.