NYSE:INNSummit Hotel Properties Stock Price, Forecast & News

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, INN shares have decreased by 17.8% and is now trading at $5.36. View which stocks have been most impacted by Coronavirus.

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 Wednesday, August 5th 2020. View our earnings forecast for Summit Hotel Properties.

Summit Hotel Properties will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Summit Hotel Properties Inc (NYSE:INN) issued its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.34. The real estate investment trust earned $108.39 million during the quarter, compared to analyst estimates of $110.52 million. Summit Hotel Properties had a return on equity of 4.51% and a net margin of 10.49%. View Summit Hotel Properties' earnings history.

Summit Hotel Properties announced 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 13.43%. The ex-dividend date of this dividend is Thursday, February 13th. View Summit Hotel Properties' dividend history.

6 brokerages have issued 12-month target prices for Summit Hotel Properties' shares. Their forecasts range from $7.00 to $13.50. On average, they anticipate Summit Hotel Properties' stock price to reach $9.33 in the next year. This suggests a possible upside of 74.1% from the stock's current price. View analysts' price targets for Summit Hotel Properties.

Media headlines about INN stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Hotel Properties earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news about Summit Hotel Properties.

Summit Hotel Properties saw a drop in short interest in June. As of June 30th, there was short interest totaling 7,560,000 shares, a drop of 15.0% from the June 15th total of 8,890,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is presently 4.2 days. Approximately 7.3% of the company's stock are sold short. View Summit Hotel Properties' Current Options Chain.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include New Residential Investment (NRZ), Two Harbors Investment (TWO), Simon Property Group (SPG), Starwood Property Trust (STWD), AT&T (T), AbbVie (ABBV), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Ford Motor (F) and Kimco Realty (KIM).

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 shareholders include Envestnet Asset Management Inc. (0.27%), Mount Yale Investment Advisors LLC (0.02%) and Canandaigua National Corp (0.01%). 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 acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Mount Yale Investment Advisors LLC, and Canandaigua National Corp. 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 $5.36.

Summit Hotel Properties has a market capitalization of $563.73 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]