Summit Hotel Properties, Inc. (NYSE:INN) Stock Has Average Price Target of $5.40

Shares of Summit Hotel Properties, Inc. (NYSE:INN) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.40.

A number of brokerages have weighed in on INN. Weiss Ratings downgraded shares of Summit Hotel Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Summit Hotel Properties from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th.

Summit Hotel Properties Stock Down 2.6%

Shares of INN stock opened at $6.18 on Thursday. Summit Hotel Properties has a 1 year low of $3.97 and a 1 year high of $7.17. The stock has a market cap of $666.94 million, a PE ratio of -26.89 and a beta of 1.29. The business’s fifty day moving average is $5.94 and its 200-day moving average is $5.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 0.71.

Summit Hotel Properties (NYSE:INN) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Summit Hotel Properties had a negative return on equity of 0.60% and a negative net margin of 0.99%. The company had revenue of $199.02 million for the quarter, compared to the consensus estimate of $198.41 million. Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. Equities analysts expect that Summit Hotel Properties will post 0.77 earnings per share for the current fiscal year.

Summit Hotel Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.32 annualized dividend and a yield of 5.2%. Summit Hotel Properties’s dividend payout ratio is currently -139.13%.

Institutional Trading of Summit Hotel Properties

Large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in Summit Hotel Properties in the second quarter worth approximately $112,000. WINTON GROUP Ltd bought a new position in shares of Summit Hotel Properties in the second quarter valued at $432,000. Engineers Gate Manager LP bought a new position in shares of Summit Hotel Properties in the second quarter valued at $317,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Summit Hotel Properties during the 2nd quarter valued at $39,000. Finally, Corient Private Wealth LP lifted its position in shares of Summit Hotel Properties by 593.6% during the 2nd quarter. Corient Private Wealth LP now owns 94,351 shares of the real estate investment trust’s stock valued at $661,000 after acquiring an additional 80,748 shares during the last quarter. 96.47% of the stock is currently owned by institutional investors.

Summit Hotel Properties Company Profile

Summit Hotel Properties, Inc is a real estate investment trust focused on owning premium-branded, select-service hotels in the United States. Its properties are generally located in business, leisure and transportation-oriented markets and operate under nationally recognized hotel brands.

The company’s hotel portfolio has included properties affiliated with brands such as Marriott, Hilton, Hyatt and InterContinental Hotels Group. These hotels typically provide guest accommodations along with services and amenities such as breakfast, meeting space, fitness facilities and other offerings designed for business and leisure travelers.

Summit Hotel Properties was founded in 2003 and became a publicly traded company in 2011.