Summit Hotel Properties - INN Stock Forecast, Price & News

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

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.

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.

ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Nuveen Small Cap Select ETF (NSCS), Invesco Real Assets ESG ETF (IVRA), Nuveen Short-Term REIT ETF (NURE), Kelly Hotel & Lodging Sector ETF (HOTL), Invesco S&P SmallCap Financials ETF (PSCF), Invesco Active U.S. Real Estate ETF (PSR), SPDR Dow Jones REIT ETF (RWR) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE).

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.

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 -.

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.

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 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.
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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.
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One share of INN stock can currently be purchased for approximately $6.82.

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.

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.