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NYSE:INN

Summit Hotel Properties Stock Forecast, Price & News

$8.66
-0.10 (-1.14 %)
(As of 01/25/2021 12:00 AM ET)
Add
Compare
Today's Range
$8.41
Now: $8.66
$8.79
50-Day Range
$8.60
MA: $9.07
$9.83
52-Week Range
$2.32
Now: $8.66
$11.96
Volume1.58 million shs
Average Volume1.84 million shs
Market Capitalization$915.44 million
P/E RatioN/A
Dividend YieldN/A
Beta2.41
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.
Summit Hotel Properties logo

MarketRank

Overall MarketRank

1.42 out of 5 stars

Finance Sector

741st out of 1,930 stocks

Real Estate Investment Trusts Industry

166th out of 273 stocks

Analyst Opinion: 1.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP86608210
Phone512-538-2300
Employees59
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$549.35 million
Cash Flow$1.73 per share
Book Value$11.82 per share

Profitability

Net Income$82.61 million

Miscellaneous

Market Cap$915.44 million
Next Earnings Date2/23/2021 (Confirmed)
OptionableOptionable
$8.66
-0.10 (-1.14 %)
(As of 01/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Summit Hotel Properties (NYSE:INN) Frequently Asked Questions

How has Summit Hotel Properties' stock price been impacted by Coronavirus?

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, INN shares have increased by 32.8% and is now trading at $8.66.
View which stocks have been most impacted by COVID-19
.

Is Summit Hotel Properties a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Summit Hotel Properties stock.
View analyst ratings for Summit Hotel Properties
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Summit Hotel Properties?

Wall Street analysts have given Summit Hotel Properties a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Summit Hotel Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?

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.

When is Summit Hotel Properties' next earnings date?

Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Summit Hotel Properties
.

How can I listen to Summit Hotel Properties' earnings call?

Summit Hotel Properties will be holding an earnings conference call on Tuesday, February 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) posted its quarterly earnings data on Tuesday, November, 3rd. The real estate investment trust reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.03. Summit Hotel Properties had a negative net margin of 28.45% and a negative trailing twelve-month return on equity of 7.82%.
View Summit Hotel Properties' earnings history
.

How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties?

Summit Hotel Properties announced a quarterly dividend on Friday, January 31st. Stockholders of record on Friday, February 14th will be given a dividend of $0.18 per share on Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 8.31%. The ex-dividend date is Thursday, February 13th.
View Summit Hotel Properties' dividend history
.

What price target have analysts set for INN?

4 Wall Street analysts have issued 1 year price targets for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $9.50. On average, they expect Summit Hotel Properties' share price to reach $7.88 in the next twelve months. This suggests that the stock has a possible downside of 9.1%.
View analysts' price targets for Summit Hotel Properties
or view Wall Street analyst' top-rated stocks.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest in December. As of December 31st, there was short interest totaling 2,130,000 shares, an increase of 24.6% from the December 15th total of 1,710,000 shares. Based on an average daily volume of 885,800 shares, the short-interest ratio is presently 2.4 days. Approximately 2.1% of the shares of the company are short sold.
View Summit Hotel Properties' Short Interest
.

Who are some of Summit Hotel Properties' key competitors?

What other stocks do shareholders of Summit Hotel Properties own?

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).

Who are Summit Hotel Properties' key executives?

Summit Hotel Properties' management team includes the following people:
  • Mr. Daniel P. Hansen, Chairman, Pres & CEO (Age 51, Pay $2.06M)
  • Mr. Jonathan P. Stanner, Exec. VP, CFO & Treasurer (Age 39, Pay $1.06M)
  • Mr. Craig J. Aniszewski, Exec. VP & COO (Age 57, Pay $1.03M)
  • Mr. Paul Ruiz, Sr. VP & Chief Accounting Officer
  • Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 49, Pay $876.7k)
  • Mr. Adam Wudel, SVP - Fin. & Capital Markets

What is Summit Hotel Properties' stock symbol?

Summit Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "INN."

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a number of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (1.37%), Strs Ohio (0.15%), State of Alaska Department of Revenue (0.11%), Busey Wealth Management (0.04%), First Citizens Bank & Trust Co. (0.02%) and Spirit of America Management Corp NY (0.01%).
View institutional ownership trends for Summit Hotel Properties
.

Which major investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including Busey Wealth Management, State of Alaska Department of Revenue, First Citizens Bank & Trust Co., Spirit of America Management Corp NY, and Strs Ohio.
View insider buying and selling activity for Summit Hotel Properties
or view top insider-selling stocks.

Which major investors are buying Summit Hotel Properties stock?

INN stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, and Park Avenue Securities LLC.
View insider buying and selling activity for Summit Hotel Properties
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Summit Hotel Properties' stock price today?

One share of INN stock can currently be purchased for approximately $8.66.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $915.44 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 59 workers across the globe.

What is Summit Hotel Properties' official website?

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

How can I contact Summit Hotel Properties?

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]

This page was last updated on 1/25/2021 by MarketBeat.com Staff

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