Headlines about Summit Hotel Properties (NYSE:INN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Summit Hotel Properties earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.2463127693406 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts recently weighed in on INN shares. Zacks Investment Research upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Cantor Fitzgerald set a $17.00 target price on shares of Summit Hotel Properties and gave the stock a “buy” rating in a research report on Friday, February 23rd. Deutsche Bank lowered their price target on shares of Summit Hotel Properties from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 price target on shares of Summit Hotel Properties in a report on Tuesday, February 27th. Finally, Robert W. Baird set a $16.00 price target on shares of Summit Hotel Properties and gave the stock a “buy” rating in a report on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.83.
Summit Hotel Properties stock traded up $0.03 during trading hours on Thursday, reaching $13.38. 465,326 shares of the company traded hands, compared to its average volume of 806,708. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1,397.98, a PE ratio of 10.07, a P/E/G ratio of 4.77 and a beta of 1.31. Summit Hotel Properties has a twelve month low of $12.77 and a twelve month high of $19.39.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were given a $0.18 dividend. This is a positive change from Summit Hotel Properties’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.72 dividend on an annualized basis and a yield of 5.38%. Summit Hotel Properties’s payout ratio is 90.00%.
Summit Hotel Properties Company Profile
Summit Hotel Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company’s portfolio consists of 83 hotels with a total of 12,242 guestrooms located in 26 states.
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