Summit Hotel Properties, Inc. (NYSE:INN) Receives $5.40 Consensus Target Price from Analysts

Shares of Summit Hotel Properties, Inc. (NYSE:INN) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.40.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings raised shares of Summit Hotel Properties from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Zacks Research raised shares of Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $7.00 target price on shares of Summit Hotel Properties in a research report on Monday, June 8th.

Summit Hotel Properties Stock Up 2.1%

Shares of INN stock opened at $6.52 on Friday. The firm has a fifty day moving average of $5.35 and a 200-day moving average of $4.89. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.16. Summit Hotel Properties has a 12-month low of $3.97 and a 12-month high of $6.57. The company has a market capitalization of $705.97 million, a price-to-earnings ratio of -22.47 and a beta of 1.29.

Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.03%. The company had revenue of $185.05 million during the quarter, compared to the consensus estimate of $180.51 million. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, equities research analysts predict that Summit Hotel Properties will post 0.74 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 Friday, May 29th. Investors of record on Friday, May 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 4.9%. Summit Hotel Properties’s dividend payout ratio (DPR) is -110.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INN. Amundi grew its position in Summit Hotel Properties by 3.4% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Summit Hotel Properties by 4.2% in the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Summit Hotel Properties by 1.4% in the first 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 in the last quarter. Jane Street Group LLC grew its position in Summit Hotel Properties by 1.7% in the first 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 in the last quarter. Finally, Strs Ohio bought a new position in Summit Hotel Properties in the first quarter valued at $102,000. Institutional investors own 96.47% of the company’s stock.

Summit Hotel Properties Company Profile

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.