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NYSE:INN

Summit Hotel Properties Stock Forecast, Price & News

$9.16
-0.07 (-0.76 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$9.11
Now: $9.16
$9.43
50-Day Range
$5.07
MA: $6.86
$9.34
52-Week Range
$2.32
Now: $9.16
$12.42
Volume1.06 million shs
Average Volume1.20 million shs
Market Capitalization$968.29 million
P/E RatioN/A
Dividend YieldN/A
Beta2.04
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 August 5, 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

Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

1.42 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP86608210
Phone512-538-2300
Employees59

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$549.35 million
Cash Flow$1.74 per share
Book Value$10.37 per share

Profitability

Net Income$82.61 million

Miscellaneous

Market Cap$968.29 million
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$9.16
-0.07 (-0.76 %)
(As of 12/3/2020 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 been impacted by COVID-19?

Summit Hotel Properties' stock was trading at $6.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INN stock has increased by 40.5% and is now trading at $9.16.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Summit Hotel Properties?

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
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 winning trading ideas this year 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.

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 were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) released its quarterly earnings results on Tuesday, November, 3rd. The real estate investment trust reported ($0.37) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.40) by $0.03. Summit Hotel Properties had a negative return on equity of 7.82% and a negative net margin of 28.45%.
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. Shareholders 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 7.86%. The ex-dividend date is Thursday, February 13th.
View Summit Hotel Properties' dividend history
.

What price target have analysts set for INN?

6 Wall Street analysts have issued 12 month target prices for Summit Hotel Properties' stock. Their forecasts range from $7.00 to $13.50. On average, they anticipate Summit Hotel Properties' stock price to reach $9.67 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts' price targets for Summit Hotel Properties
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,710,000 shares, an increase of 17.1% from the October 15th total of 1,460,000 shares. Based on an average trading volume of 815,300 shares, the short-interest ratio is presently 2.1 days. Approximately 1.7% of the company's stock 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (18.59%), State Street Corp (5.47%), Great West Life Assurance Co. Can (3.29%), GW&K Investment Management LLC (2.52%), Westwood Holdings Group Inc. (2.44%) and LSV Asset Management (2.42%).
View institutional ownership trends for Summit Hotel Properties
.

Which institutional investors are selling Summit Hotel Properties stock?

INN stock was sold by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, State Street Corp, LSV Asset Management, BlackRock Inc., JPMorgan Chase & Co., Daiwa Securities Group Inc., New York State Common Retirement Fund, and SG Americas Securities LLC.
View insider buying and selling activity for Summit Hotel Properties
.

Which institutional investors are buying Summit Hotel Properties stock?

INN stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Hill Winds Capital LP, Westwood Holdings Group Inc., Lincluden Management Ltd., Brinker Capital Investments LLC, Engine Capital Management LP, Peregrine Capital Management LLC, and State of New Jersey Common Pension Fund D.
View insider buying and selling activity for Summit Hotel Properties
.

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 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 $9.16.

How big of a company is Summit Hotel Properties?

Summit Hotel Properties has a market capitalization of $968.29 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 12/4/2020 by MarketBeat.com Staff

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