News articles about Summit Hotel Properties (NYSE:INN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Summit Hotel Properties earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 43.9666603899575 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Summit Hotel Properties (NYSE INN) opened at $15.00 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.64. The company has a market cap of $1,596.47, a PE ratio of 11.51 and a beta of 1.18. Summit Hotel Properties has a 52-week low of $14.23 and a 52-week high of $19.39.

Summit Hotel Properties (NYSE:INN) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $136.60 million during the quarter, compared to the consensus estimate of $135.69 million. Summit Hotel Properties had a net margin of 20.21% and a return on equity of 8.96%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. research analysts anticipate that Summit Hotel Properties will post 1.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Wednesday, November 15th. Summit Hotel Properties’s payout ratio is presently 82.93%.

INN has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Summit Hotel Properties in a research note on Friday, August 25th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $17.00 price target on shares of Summit Hotel Properties in a research note on Monday, November 20th. Zacks Investment Research downgraded shares of Summit Hotel Properties from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. Robert W. Baird reaffirmed a “buy” rating and issued a $17.00 price target on shares of Summit Hotel Properties in a research note on Friday, September 8th. Finally, Bank of America downgraded shares of Summit Hotel Properties from a “buy” rating to an “underperform” rating and decreased their price target for the company from $19.00 to $14.00 in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Summit Hotel Properties presently has an average rating of “Buy” and a consensus price target of $17.50.

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Summit Hotel Properties Company Profile

Summit Hotel Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company’s portfolio consists of 79 hotels with a total of 11,590 guestrooms located in 24 states.

Insider Buying and Selling by Quarter for Summit Hotel Properties (NYSE:INN)

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