Summit Hotel Properties (INN) to Release Quarterly Earnings on Tuesday

Summit Hotel Properties (NYSE:INN) will likely be announcing its Q2 2025 earnings results after the market closes on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $194.49 million for the quarter.

Summit Hotel Properties (NYSE:INN) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Summit Hotel Properties had a net margin of 5.46% and a return on equity of 2.98%. The firm had revenue of $184.48 million during the quarter, compared to analysts’ expectations of $184.93 million. On average, analysts expect Summit Hotel Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Summit Hotel Properties Price Performance

NYSE INN opened at $5.02 on Friday. Summit Hotel Properties has a 52 week low of $3.57 and a 52 week high of $7.22. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08. The stock has a market cap of $562.78 million, a price-to-earnings ratio of 31.35 and a beta of 1.73. The company has a 50-day moving average price of $5.02 and a two-hundred day moving average price of $5.27.

Insider Activity at Summit Hotel Properties

In other Summit Hotel Properties news, Director Thomas W. Storey purchased 16,270 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $4.62 per share, for a total transaction of $75,167.40. Following the purchase, the director directly owned 231,337 shares in the company, valued at $1,068,776.94. This trade represents a 7.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INN. Strs Ohio bought a new stake in Summit Hotel Properties in the 1st quarter valued at $102,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Summit Hotel Properties by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,254 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 2,528 shares during the period. Amundi boosted its holdings in Summit Hotel Properties by 3.4% in the 1st quarter. Amundi now owns 109,185 shares of the real estate investment trust’s stock valued at $591,000 after purchasing an additional 3,623 shares during the period. Jane Street Group LLC boosted its holdings in Summit Hotel Properties by 1.7% in the 1st quarter. Jane Street Group LLC now owns 165,679 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 2,793 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Summit Hotel Properties by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 721,875 shares of the real estate investment trust’s stock valued at $3,905,000 after purchasing an additional 9,879 shares during the period. 96.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INN has been the subject of several recent research reports. Bank of America increased their target price on shares of Summit Hotel Properties from $5.00 to $5.75 and gave the company a “neutral” rating in a research note on Monday, July 21st. Wall Street Zen lowered shares of Summit Hotel Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

About Summit Hotel Properties

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.