Versor Investments LP Has $703,000 Stock Position in Summit Hotel Properties, Inc. $INN

Versor Investments LP grew its stake in shares of Summit Hotel Properties, Inc. (NYSE:INN) by 286.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,300 shares of the real estate investment trust’s stock after purchasing an additional 107,000 shares during the period. Versor Investments LP owned approximately 0.13% of Summit Hotel Properties worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Summit Hotel Properties during the third quarter valued at about $35,000. Tower Research Capital LLC TRC raised its holdings in shares of Summit Hotel Properties by 148.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 6,442 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Summit Hotel Properties by 53.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 3,773 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Summit Hotel Properties in the 3rd quarter worth about $64,000. Finally, M&T Bank Corp acquired a new stake in shares of Summit Hotel Properties in the 4th quarter worth about $58,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

Summit Hotel Properties Trading Up 0.1%

INN opened at $5.33 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $577.02 million, a PE ratio of -18.36 and a beta of 1.25. Summit Hotel Properties, Inc. has a fifty-two week low of $3.97 and a fifty-two week high of $6.00. The company’s 50-day moving average is $4.63 and its 200 day moving average is $4.80.

Summit Hotel Properties (NYSE:INN) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $185.05 million during the quarter, compared to analyst estimates of $180.51 million. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.03%. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, research analysts predict that Summit Hotel Properties, Inc. will post 0.72 earnings per share for the current fiscal year.

Summit Hotel Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 6.0%. Summit Hotel Properties’s dividend payout ratio (DPR) is presently -110.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research upgraded shares of Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Summit Hotel Properties in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Summit Hotel Properties presently has an average rating of “Reduce” and an average price target of $5.00.

Summit Hotel Properties Company Profile

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.