NYSE:INN Summit Hotel Properties Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Hotel Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $7.50 +0.19 (+2.60%) (As of 06/28/2022 10:38 AM ET) Add Compare Share Today's Range$7.43▼$7.6650-Day Range$6.80▼$10.1052-Week Range$6.70▼$10.94Volume11,081 shsAverage Volume831,964 shsMarket Capitalization$801.15 millionP/E RatioN/ADividend YieldN/APrice Target$11.30 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive INN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address INN Stock Forecast (MarketRank)Overall MarketRank™2.39 out of 5 starsFinance Sector558th out of 1,394 stocksReal Estate Investment Trusts Industry120th out of 235 stocksAnalyst Opinion: 3.1Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 - 3.1 Analyst's Opinion Consensus RatingSummit Hotel Properties has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, no hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.30, Summit Hotel Properties has a forecasted upside of 54.6% from its current price of $7.31.Amount of Analyst CoverageSummit Hotel Properties has received no research coverage in the past 90 days. Previous Next 4.7 Community Rank Outperform VotesSummit Hotel Properties has received 403 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSummit Hotel Properties has received 175 “underperform” votes. (Add your “underperform” vote.)Community SentimentSummit Hotel Properties has received 69.72% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Summit Hotel Properties and other stocks. Vote “Outperform” if you believe INN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INN will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldSummit Hotel Properties does not currently pay a dividend.Dividend GrowthSummit Hotel Properties does not have a long track record of dividend growth. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Hotel Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.94% of the stock of Summit Hotel Properties is held by insiders.Percentage Held by Institutions99.19% of the stock of Summit Hotel Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Hotel Properties are expected to grow by 42.05% in the coming year, from $0.88 to $1.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Hotel Properties is -12.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Hotel Properties is -12.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSummit Hotel Properties has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Hotel Properties (NYSE:INN)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.Read More INN Stock News HeadlinesJune 27, 2022 | finance.yahoo.comSummit Hotel Properties (INN) Moves 7.9% Higher: Will This Strength Last?June 24, 2022 | finance.yahoo.comInnocan Reports Successful Preclinical Dog-Trial Results Regarding Pain Management: "It Was as If a New Dog Came into Our Lives"June 18, 2022 | seekingalpha.comSummit Hotel Properties: The Preferred Shares Are Now Yielding 7.8%June 14, 2022 | finance.yahoo.comMarriott-branded hotel in Brickell sells for $89MJune 13, 2022 | seekingalpha.comSummit Hotel Properties completes acquisition of AC Hotel by Marriott & Element Miami BrickellJune 10, 2022 | finance.yahoo.comInnocan Reports Successful Preliminary Trial Results Regarding Epilepsy in DogsJune 8, 2022 | americanbankingnews.comFinancial Survey: Blackstone Mortgage Trust (NYSE:BXMT) and Summit Hotel Properties (NYSE:INN)June 3, 2022 | americanbankingnews.comSummit Hotel Properties, Inc. (NYSE:INN) Sees Significant Drop in Short InterestMay 31, 2022 | finance.yahoo.comIs the Options Market Predicting a Spike in Summit Hotel Properties (INN) Stock?May 30, 2022 | finance.yahoo.comInnocan Pharma Announces Q1 2022 Results with 215% Increase in Cash Balance and 200% Increase in Working CapitalMay 24, 2022 | bizjournals.comLife sciences developer identified as buyer of South San Francisco hotelMay 17, 2022 | finance.yahoo.comInnocan Pharma Obtains Receipt for Final Base Shelf ProspectusMay 16, 2022 | finance.yahoo.comSFO-adjacent Hilton hotel sells for 30% higher key price than 2019See More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:INN CUSIP86608210 CIK1497645 Webwww.shpreit.com Phone(512) 538-2300Fax512-538-2333Employees63Year FoundedN/ACompany Calendar Last Earnings5/03/2022Today6/28/2022Next Earnings (Estimated)8/02/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$11.30 High Stock Price Forecast$12.00 Low Stock Price Forecast$10.50 Forecasted Upside/Downside+50.7%Consensus RatingHold Rating Score (0-4)2.2 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.58) Trailing P/E RatioN/A Forward P/E Ratio8.52 P/E GrowthN/ANet Income$-65.57 million Net Margins-9.56% Pretax Margin-10.16% Return on Equity-3.59% Return on Assets-1.73% Debt Debt-to-Equity Ratio1.01 Current Ratio1.77 Quick Ratio1.77 Sales & Book Value Annual Sales$361.93 million Price / Sales2.21 Cash Flow$0.43 per share Price / Cash Flow17.47 Book Value$10.40 per share Price / Book0.72Miscellaneous Outstanding Shares106,820,000Free Float103,684,000Market Cap$801.15 million OptionableOptionable Beta2.04 Summit Hotel Properties Frequently Asked Questions Should I buy or sell Summit Hotel Properties stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last twelve months. There are currently 2 sell ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Summit Hotel Properties stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INN, but not buy additional shares or sell existing shares. View analyst ratings for Summit Hotel Properties or view top-rated stocks. What is Summit Hotel Properties' stock price forecast for 2022? 5 Wall Street analysts have issued 12-month price objectives for Summit Hotel Properties' stock. Their INN stock forecasts range from $10.50 to $12.00. On average, they predict Summit Hotel Properties' stock price to reach $11.30 in the next year. This suggests a possible upside of 50.7% from the stock's current price. View analysts' price targets for Summit Hotel Properties or view top-rated stocks among Wall Street analysts. How has Summit Hotel Properties' stock performed in 2022? Summit Hotel Properties' stock was trading at $9.76 at the start of the year. Since then, INN shares have decreased by 23.2% and is now trading at $7.50. View the best growth stocks for 2022 here. Are investors shorting Summit Hotel Properties? Summit Hotel Properties saw a drop in short interest in May. As of May 15th, there was short interest totaling 4,740,000 shares, a drop of 16.8% from the April 30th total of 5,700,000 shares. Based on an average trading volume of 863,300 shares, the short-interest ratio is presently 5.5 days. Currently, 4.6% of the shares of the stock are short sold. View Summit Hotel Properties' Short Interest. When is Summit Hotel Properties' next earnings date? Summit Hotel Properties is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Summit Hotel Properties. How were Summit Hotel Properties' earnings last quarter? Summit Hotel Properties, Inc. (NYSE:INN) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative trailing twelve-month return on equity of 3.59% and a negative net margin of 9.56%. During the same period in the previous year, the business earned ($0.07) earnings per share. View Summit Hotel Properties' earnings history. Who are Summit Hotel Properties' key executives? Summit Hotel Properties' management team includes the following people: Mr. Jonathan P. Stanner, Pres, CEO & Director (Age 41, Pay $1.86M)Mr. William H. Conkling, Exec. VP & CFOMr. Paul Ruiz, Sr. VP & Chief Accounting Officer (Age 56, Pay $618.2k)Mr. Christopher Russell Eng, Chief Risk Officer, Exec. VP, Gen. Counsel & Sec. (Age 51, Pay $911.6k)Mr. Adam Wudel, Sr. VP of Fin. & Capital Markets 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. Who are some of Summit Hotel Properties' key competitors? 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), CubeSmart (CUBE), Life Storage (LSI), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), EPR Properties (EPR) and Sabra Health Care REIT (SBRA). View all of INN's 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), Boeing (BA) and Walt Disney (DIS). 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.77%), State Street Corp (6.50%), Jennison Associates LLC (5.08%), GW&K Investment Management LLC (3.35%), Victory Capital Management Inc. (1.96%) and Charles Schwab Investment Management Inc. (1.75%). Company insiders that own Summit Hotel Properties stock include Craig J Aniszewski and Daniel P Hansen. 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 H 2 Credit Manager LP, Hill Winds Capital LP, Goldman Sachs Group Inc., JLP Asset Management LLC, Lincluden Management Ltd., Russell Investments Group Ltd., Dimensional Fund Advisors LP, and State of New Jersey Common Pension Fund D. Company insiders that have sold Summit Hotel Properties company stock in the last two years include Craig J Aniszewski, and Daniel P Hansen. 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 Jennison Associates LLC, State Street Corp, Vanguard Group Inc., Qube Research & Technologies Ltd, Systematic Financial Management LP, Renaissance Technologies LLC, GW&K Investment Management LLC, and Dupont Capital Management Corp. 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. Compare Top Brokerages Here. What is Summit Hotel Properties' stock price today? One share of INN stock can currently be purchased for approximately $7.50. How much money does Summit Hotel Properties make? Summit Hotel Properties (NYSE:INN) has a market capitalization of $801.15 million and generates $361.93 million in revenue each year. The real estate investment trust earns $-65.57 million in net income (profit) each year or ($0.58) on an earnings per share basis. How many employees does Summit Hotel Properties have? Summit Hotel Properties employs 63 workers across the globe. How can I contact Summit Hotel Properties? Summit Hotel Properties' mailing address is 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738. The official website for Summit Hotel Properties is www.shpreit.com. The real estate investment trust can be reached via phone at (512) 538-2300, via email at [email protected], or via fax at 512-538-2333. This page (NYSE:INN) was last updated on 6/28/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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