Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
Analyst Ratings Changes
Separately, TheStreet lowered shares of Summit Hotel Properties from a "c-" rating to a "d+" rating in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $11.13.
Summit Hotel Properties Stock Up 0.5 %
INN Stock opened at $8.19 on Tuesday. The firm has a market cap of $875.50 million, a PE ratio of -27.30 and a beta of 1.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.77 and a current ratio of 1.77. The firm's 50 day moving average price is $7.75 and its 200-day moving average price is $8.92. Summit Hotel Properties has a one year low of $6.70 and a one year high of $10.94.
Summit Hotel Properties Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, August 16th.