Summit Hotel Properties (NYSE:INN) Issues FY 2026 Earnings Guidance

Summit Hotel Properties (NYSE:INN) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.730-0.850 for the period. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms recently commented on INN. Summit Redstone set a $4.50 price objective on Summit Hotel Properties in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $6.00 price target on shares of Summit Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Zacks Research lowered shares of Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Bank of America restated an “underperform” rating and set a $4.50 target price (down from $5.75) on shares of Summit Hotel Properties in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Summit Hotel Properties in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Summit Hotel Properties has an average rating of “Reduce” and a consensus price target of $5.00.

Summit Hotel Properties Trading Up 9.9%

Shares of NYSE INN traded up $0.43 during trading on Thursday, hitting $4.71. 519,784 shares of the company traded hands, compared to its average volume of 766,444. The firm has a market capitalization of $511.90 million, a P/E ratio of -29.41 and a beta of 1.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $4.65 and a 200-day moving average price of $5.13. Summit Hotel Properties has a 1 year low of $3.57 and a 1 year high of $6.65.

Summit Hotel Properties (NYSE:INN) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.24). Summit Hotel Properties had a net margin of 0.04% and a return on equity of 0.02%. The firm had revenue of $174.96 million during the quarter, compared to analyst estimates of $172.88 million. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. On average, equities analysts predict that Summit Hotel Properties will post 0.88 EPS for the current year.

Summit Hotel Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, February 13th. Summit Hotel Properties’s dividend payout ratio (DPR) is presently -200.00%.

Insider Buying and Selling at Summit Hotel Properties

In other Summit Hotel Properties news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $4.84, for a total transaction of $121,000.00. Following the transaction, the director directly owned 444,295 shares in the company, valued at $2,150,387.80. This represents a 5.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Summit Hotel Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INN. Quarry LP acquired a new stake in Summit Hotel Properties during the 3rd quarter worth about $35,000. CIBC Asset Management Inc purchased a new position in Summit Hotel Properties during the 4th quarter worth approximately $52,000. Corient Private Wealth LLC acquired a new stake in Summit Hotel Properties during the 4th quarter valued at $52,000. Tower Research Capital LLC TRC lifted its holdings in shares of Summit Hotel Properties by 148.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 6,442 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Summit Hotel Properties by 53.6% in the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,773 shares during the period. 96.47% of the stock is owned by institutional investors.

About Summit Hotel Properties

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.