Summit Hotel Properties (NYSE:INN) Getting Somewhat Positive News Coverage, Accern Reports

Media headlines about Summit Hotel Properties (NYSE:INN) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Hotel Properties earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.3071350624669 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Summit Hotel Properties (INN) opened at $15.87 on Wednesday. The firm has a market capitalization of $1,622.54, a P/E ratio of 19.35 and a beta of 1.19. Summit Hotel Properties has a 1 year low of $14.23 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.61 and a quick ratio of 1.61.

Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. The firm had revenue of $136.60 million for the quarter, compared to analyst estimates of $135.69 million. Summit Hotel Properties had a return on equity of 8.96% and a net margin of 20.21%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. equities research analysts anticipate that Summit Hotel Properties will post 1.25 earnings per share for the current year.

INN has been the topic of several recent research reports. Cantor Fitzgerald restated a “buy” rating and set a $17.00 price target on shares of Summit Hotel Properties in a research report on Monday, November 20th. Zacks Investment Research lowered Summit Hotel Properties from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Janney Montgomery Scott lowered Summit Hotel Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. KeyCorp upgraded Summit Hotel Properties from a “sector weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research report on Tuesday, September 26th. Finally, Raymond James Financial upgraded Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 price target on the stock in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.50.

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About Summit Hotel Properties

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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