Summit Hotel Properties Stock Forecast, Price & News

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, INN shares have decreased by 13.0% and is now trading at $5.67.
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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.

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.

Summit Hotel Properties Inc (NYSE:INN) announced its quarterly earnings data on Wednesday, August, 5th. The real estate investment trust reported ($0.52) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.21) by $0.31. Summit Hotel Properties had a negative net margin of 11.20% and a negative return on equity of 3.78%.
View Summit Hotel Properties' earnings history.

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 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date of this dividend is Thursday, February 13th.
View Summit Hotel Properties' dividend history.

6 analysts have issued 1-year target prices for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $13.50. On average, they expect Summit Hotel Properties' stock price to reach $9.33 in the next twelve months. This suggests a possible upside of 64.6% from the stock's current price.
View analysts' price targets for Summit Hotel Properties.

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), HCP (HCP), 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 PotlatchDeltic (PCH).
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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), The Boeing (BA) and The 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 a variety of institutional and retail investors. Top institutional investors include LSV Asset Management (2.42%), Peregrine Capital Management LLC (0.84%), Grace & White Inc. NY (0.79%), Nisa Investment Advisors LLC (0.10%), Louisiana State Employees Retirement System (0.05%) and Spirit of America Management Corp NY (0.02%). 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 LSV Asset Management.
View insider buying and selling activity for Summit Hotel Properties.

INN stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Louisiana State Employees Retirement System, Nisa Investment Advisors LLC, Spirit of America Management Corp NY, and Grace & White Inc. NY.
View insider buying and selling activity for 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.

One share of INN stock can currently be purchased for approximately $5.67.

Summit Hotel Properties has a market capitalization of $599.30 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.

The official website for Summit Hotel Properties is www.shpreit.com.

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]