S&P 500   5,258.09 (+0.18%)
DOW   39,811.48 (+0.13%)
QQQ   444.20 (-0.14%)
AAPL   171.75 (-0.90%)
MSFT   420.47 (-0.23%)
META   487.49 (-1.29%)
GOOGL   150.91 (+0.03%)
AMZN   180.16 (+0.18%)
TSLA   176.35 (-1.94%)
NVDA   902.94 (+0.05%)
NIO   4.51 (-3.43%)
AMD   180.40 (+0.45%)
BABA   72.47 (+1.23%)
T   17.64 (+0.51%)
F   13.19 (+1.00%)
MU   117.87 (-1.07%)
CGC   8.52 (-10.79%)
GE   175.09 (-2.79%)
DIS   122.50 (+1.26%)
AMC   3.66 (-15.67%)
PFE   27.91 (+0.47%)
PYPL   67.13 (+0.84%)
XOM   116.06 (+0.95%)
S&P 500   5,258.09 (+0.18%)
DOW   39,811.48 (+0.13%)
QQQ   444.20 (-0.14%)
AAPL   171.75 (-0.90%)
MSFT   420.47 (-0.23%)
META   487.49 (-1.29%)
GOOGL   150.91 (+0.03%)
AMZN   180.16 (+0.18%)
TSLA   176.35 (-1.94%)
NVDA   902.94 (+0.05%)
NIO   4.51 (-3.43%)
AMD   180.40 (+0.45%)
BABA   72.47 (+1.23%)
T   17.64 (+0.51%)
F   13.19 (+1.00%)
MU   117.87 (-1.07%)
CGC   8.52 (-10.79%)
GE   175.09 (-2.79%)
DIS   122.50 (+1.26%)
AMC   3.66 (-15.67%)
PFE   27.91 (+0.47%)
PYPL   67.13 (+0.84%)
XOM   116.06 (+0.95%)
S&P 500   5,258.09 (+0.18%)
DOW   39,811.48 (+0.13%)
QQQ   444.20 (-0.14%)
AAPL   171.75 (-0.90%)
MSFT   420.47 (-0.23%)
META   487.49 (-1.29%)
GOOGL   150.91 (+0.03%)
AMZN   180.16 (+0.18%)
TSLA   176.35 (-1.94%)
NVDA   902.94 (+0.05%)
NIO   4.51 (-3.43%)
AMD   180.40 (+0.45%)
BABA   72.47 (+1.23%)
T   17.64 (+0.51%)
F   13.19 (+1.00%)
MU   117.87 (-1.07%)
CGC   8.52 (-10.79%)
GE   175.09 (-2.79%)
DIS   122.50 (+1.26%)
AMC   3.66 (-15.67%)
PFE   27.91 (+0.47%)
PYPL   67.13 (+0.84%)
XOM   116.06 (+0.95%)
S&P 500   5,258.09 (+0.18%)
DOW   39,811.48 (+0.13%)
QQQ   444.20 (-0.14%)
AAPL   171.75 (-0.90%)
MSFT   420.47 (-0.23%)
META   487.49 (-1.29%)
GOOGL   150.91 (+0.03%)
AMZN   180.16 (+0.18%)
TSLA   176.35 (-1.94%)
NVDA   902.94 (+0.05%)
NIO   4.51 (-3.43%)
AMD   180.40 (+0.45%)
BABA   72.47 (+1.23%)
T   17.64 (+0.51%)
F   13.19 (+1.00%)
MU   117.87 (-1.07%)
CGC   8.52 (-10.79%)
GE   175.09 (-2.79%)
DIS   122.50 (+1.26%)
AMC   3.66 (-15.67%)
PFE   27.91 (+0.47%)
PYPL   67.13 (+0.84%)
XOM   116.06 (+0.95%)
NYSE:INN

Summit Hotel Properties (INN) Stock Price, News & Analysis

$6.47
0.00 (0.00%)
(As of 02:43 PM ET)
Today's Range
$6.45
$6.53
50-Day Range
$6.20
$6.85
52-Week Range
$5.31
$7.26
Volume
114,859 shs
Average Volume
774,982 shs
Market Capitalization
$696.11 million
P/E Ratio
N/A
Dividend Yield
3.71%
Price Target
$8.50

Summit Hotel Properties MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
30.8% Upside
$8.50 Price Target
Short Interest
Bearish
6.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.81
Upright™ Environmental Score
News Sentiment
0.46mentions of Summit Hotel Properties in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.90%
From $0.84 to $0.94 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Finance Sector

206th out of 858 stocks

Real Estate Investment Trusts Industry

40th out of 180 stocks

INN stock logo

About Summit Hotel Properties Stock (NYSE:INN)

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.

INN Stock Price History

INN Stock News Headlines

$21M investment will bring new hotel to Leeds
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Summit Hotel Properties Inc
INN Apr 2024 5.000 put
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Q4 2023 Summit Hotel Properties Inc Earnings Call
9 U.S. Motor Lodges That Welcome Families
See More Headlines
Receive INN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Summit Hotel Properties and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 2/29 Dividend
2/14/2024
Dividend Payable
2/29/2024
Today
3/28/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
86608210
Employees
78
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.50
High Stock Price Target
$8.50
Low Stock Price Target
$8.50
Potential Upside/Downside
+31.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-12,110,000.00
Pretax Margin
-3.44%

Debt

Sales & Book Value

Annual Sales
$736.13 million
Cash Flow
$1.41 per share
Book Value
$12.52 per share

Miscellaneous

Free Float
104,365,000
Market Cap
$697.18 million
Optionable
Optionable
Beta
1.94
The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

  • Mr. Jonathan P. Stanner (Age 42)
    President, CEO & Director
    Comp: $1.97M
  • Mr. William H. Conkling (Age 48)
    Executive VP & CFO
    Comp: $1.05M
  • Mr. Paul Ruiz CPA (Age 57)
    Senior VP & Chief Accounting Officer
    Comp: $579.2k
  • Mr. Christopher Russell Eng (Age 53)
    Chief Risk Officer, Executive VP, General Counsel & Secretary
    Comp: $837.2k
  • Mr. Adam Wudel
    Senior VP of Finance & Capital Markets

INN Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Hotel Properties stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Hotel Properties in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INN shares.
View INN analyst ratings
or view top-rated stocks.

What is Summit Hotel Properties' stock price target for 2024?

2 analysts have issued 12 month price targets for Summit Hotel Properties' shares. Their INN share price targets range from $8.50 to $8.50. On average, they predict the company's stock price to reach $8.50 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price.
View analysts price targets for INN
or view top-rated stocks among Wall Street analysts.

How have INN shares performed in 2024?

Summit Hotel Properties' stock was trading at $6.72 on January 1st, 2024. Since then, INN shares have decreased by 3.3% and is now trading at $6.50.
View the best growth stocks for 2024 here
.

Are investors shorting Summit Hotel Properties?

Summit Hotel Properties saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 6,310,000 shares, an increase of 30.4% from the February 14th total of 4,840,000 shares. Based on an average daily trading volume, of 870,600 shares, the short-interest ratio is presently 7.2 days. Currently, 6.0% of the shares of the stock are short sold.
View Summit Hotel Properties' Short Interest
.

When is Summit Hotel Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our INN earnings forecast
.

How can I listen to Summit Hotel Properties' earnings call?

Summit Hotel Properties will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Summit Hotel Properties' earnings last quarter?

Summit Hotel Properties, Inc. (NYSE:INN) released its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.28. Summit Hotel Properties had a negative net margin of 1.56% and a negative trailing twelve-month return on equity of 0.83%. During the same quarter in the prior year, the firm earned ($0.07) earnings per share.

How often does Summit Hotel Properties pay dividends? What is the dividend yield for Summit Hotel Properties?

Summit Hotel Properties announced a quarterly dividend on Thursday, January 25th. Investors of record on Thursday, February 15th will be paid a dividend of $0.06 per share on Thursday, February 29th. This represents a $0.24 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for INN
.

Is Summit Hotel Properties a good dividend stock?

Summit Hotel Properties (NYSE:INN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.80%.
Read our dividend analysis for INN.

What ETFs hold Summit Hotel Properties' stock?

ETFs with the largest weight of Summit Hotel Properties (NYSE:INN) stock in their portfolio include Invesco Real Assets ESG ETF (IVRA), Nuveen Short-Term REIT ETF (NURE) and Kelly Hotel & Lodging Sector ETF (HOTL).Intelligent Real Estate ETF (PRVT).

What guidance has Summit Hotel Properties issued on next quarter's earnings?

Summit Hotel Properties issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus estimate of 0.880. The company issued revenue guidance of -.

What is Daniel P. Hansen's approval rating as Summit Hotel Properties' CEO?

4 employees have rated Summit Hotel Properties Chief Executive Officer Daniel P. Hansen on Glassdoor.com. Daniel P. Hansen has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Summit Hotel Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Hotel Properties investors own include Pfizer (PFE), Southwest Airlines (LUV), Delta Air Lines (DAL), Ford Motor (F), Ladder Capital (LADR), AT&T (T), Two Harbors Investment (TWO), Alibaba Group (BABA), Boeing (BA) and Walt Disney (DIS).

Who are Summit Hotel Properties' major shareholders?

Summit Hotel Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.66%), Vanguard Group Inc. (13.65%), H 2 Credit Manager LP (4.66%), Jennison Associates LLC (4.63%), Nuveen Asset Management LLC (3.53%) and Victory Capital Management Inc. (2.22%). Insiders that own company stock include Craig J Aniszewski, Daniel P Hansen, Hope S Taitz, Jonathan P Stanner and Mehulkumar Bhikhubhai Patel.
View institutional ownership trends
.

How do I buy shares of Summit Hotel Properties?

Shares of INN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:INN) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners