Summit Hotel Properties, Inc. (NYSE:INN) Given Average Rating of “Reduce” by Brokerages

Shares of Summit Hotel Properties, Inc. (NYSE:INN) have received a consensus rating of “Reduce” from the five brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $5.00.

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $6.00 price objective on Summit Hotel Properties and gave the company a “buy” rating in a report on Tuesday, January 13th. Robert W. Baird set a $5.00 price objective on shares of Summit Hotel Properties in a research report on Wednesday, December 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Summit Hotel Properties in a report on Monday, December 29th. Bank of America reaffirmed an “underperform” rating and issued a $4.50 price objective (down from $5.75) on shares of Summit Hotel Properties in a research report on Tuesday, November 4th. Finally, Summit Redstone set a $4.50 target price on Summit Hotel Properties in a report on Tuesday, November 4th.

Summit Hotel Properties Price Performance

Shares of INN stock opened at $4.62 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.14. Summit Hotel Properties has a 12-month low of $3.57 and a 12-month high of $6.65. The firm has a fifty day moving average of $4.62 and a 200-day moving average of $5.10. The firm has a market capitalization of $502.66 million, a price-to-earnings ratio of -20.09 and a beta of 1.25.

Summit Hotel Properties (NYSE:INN) last posted its earnings results 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 negative return on equity of 0.50% and a negative net margin of 0.87%.The business had revenue of $174.96 million for the quarter, compared to the consensus estimate of $172.88 million. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. On average, equities research analysts forecast that Summit Hotel Properties will post 0.88 earnings per share for the current year.

Summit Hotel Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, February 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.9%. Summit Hotel Properties’s dividend payout ratio (DPR) is presently -139.13%.

Insider Buying and Selling

In other news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 444,295 shares of the company’s stock, valued at $2,150,387.80. This trade represents a 5.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.37% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INN. Quarry LP bought a new stake in Summit Hotel Properties during the 3rd quarter worth about $35,000. Corient Private Wealth LLC acquired a new stake in shares of Summit Hotel Properties in the fourth quarter valued at about $52,000. CIBC Asset Management Inc bought a new stake in Summit Hotel Properties during the fourth quarter worth about $52,000. BNP Paribas Financial Markets boosted its position in Summit Hotel Properties by 53.6% during the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Summit Hotel Properties by 148.1% during 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 during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.

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.