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.

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in Summit Hotel Properties by 4.7% during the third quarter. Wells Fargo & Company MN now owns 205,600 shares of the real estate investment trust’s stock valued at $2,782,000 after purchasing an additional 9,161 shares during the period. Bank of New York Mellon Corp grew its holdings in Summit Hotel Properties by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 1,713,119 shares of the real estate investment trust’s stock valued at $23,179,000 after purchasing an additional 27,543 shares during the period. Dimensional Fund Advisors LP grew its holdings in Summit Hotel Properties by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,570,127 shares of the real estate investment trust’s stock valued at $21,243,000 after purchasing an additional 5,719 shares during the period. Citadel Advisors LLC grew its holdings in Summit Hotel Properties by 79.9% during the third quarter. Citadel Advisors LLC now owns 40,805 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 18,121 shares during the period. Finally, First Republic Investment Management Inc. bought a new position in Summit Hotel Properties during the third quarter valued at $162,000. 99.87% of the stock is owned by institutional investors.

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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