Summit Hotel Properties (NYSE:INN) Issues FY 2026 Earnings Guidance

Summit Hotel Properties (NYSE:INN) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.730-0.850 for the period. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $6.00 target price on shares of Summit Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Summit Hotel Properties in a research note on Monday, December 29th. Summit Redstone set a $4.50 price objective on Summit Hotel Properties in a report on Tuesday, November 4th. Finally, Robert W. Baird set a $5.00 price objective on Summit Hotel Properties in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $5.00.

Summit Hotel Properties Trading Down 2.9%

NYSE:INN traded down $0.14 during trading hours on Friday, reaching $4.52. 275,343 shares of the company were exchanged, compared to its average volume of 771,641. The firm has a market cap of $491.23 million, a price-to-earnings ratio of -19.63 and a beta of 1.29. The stock has a 50 day simple moving average of $4.64 and a 200 day simple moving average of $5.12. Summit Hotel Properties has a 52-week low of $3.57 and a 52-week high of $6.65. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.65 and a quick ratio of 0.65.

Summit Hotel Properties (NYSE:INN) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24). The company had revenue of $174.96 million for the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties had a negative net margin of 0.87% and a negative return on equity of 0.50%. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. As a group, analysts predict that Summit Hotel Properties will post 0.88 EPS for the current year.

Summit Hotel Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 13th. This represents a $0.32 annualized dividend and a yield of 7.1%. Summit Hotel Properties’s dividend payout ratio is currently -139.13%.

Insider Buying and Selling at Summit Hotel Properties

In other news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of Summit Hotel Properties stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $4.84, for a total value of $121,000.00. Following the transaction, the director directly owned 444,295 shares of the company’s stock, valued at $2,150,387.80. The trade was a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Summit Hotel Properties during the 3rd quarter worth $35,000. Corient Private Wealth LLC acquired a new stake in shares of Summit Hotel Properties during the fourth quarter valued at about $52,000. CIBC Asset Management Inc purchased a new stake in shares of Summit Hotel Properties during the fourth quarter worth about $52,000. Tower Research Capital LLC TRC increased its position in shares of 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 worth $55,000 after acquiring an additional 6,442 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Summit Hotel Properties by 53.6% in the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 3,773 shares in the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.

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.