Summit Hotel Properties (INN) Receives Buy Rating from Deutsche Bank
Deutsche Bank reissued their buy rating on shares of Summit Hotel Properties (NYSE:INN) in a research report sent to investors on Sunday, AnalystRatings.com reports. The brokerage currently has a $14.00 price target on the real estate investment trust’s stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Summit Hotel Properties from a sell rating to a hold rating in a report on Friday, January 25th. Bank of America lowered Summit Hotel Properties from a neutral rating to an underperform rating in a report on Monday, January 7th. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $13.75.
INN stock opened at $11.58 on Friday. The company has a market capitalization of $1.22 billion, a PE ratio of 8.58 and a beta of 1.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Summit Hotel Properties has a 12-month low of $9.29 and a 12-month high of $15.61.
About Summit Hotel Properties
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 October 30, 2018, the Company's portfolio consisted of 77 hotels with a total of 11,659 guestrooms located in 26 states.
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