Campbell & CO Investment Adviser LLC bought a new stake in Summit Hotel Properties, Inc. (NYSE:INN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,041 shares of the real estate investment trust’s stock, valued at approximately $177,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Summit Hotel Properties by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,246,864 shares of the real estate investment trust’s stock valued at $19,925,000 after purchasing an additional 46,495 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Summit Hotel Properties by 5.4% in the second quarter. LS Investment Advisors LLC now owns 8,995 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 459 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Summit Hotel Properties by 1.0% in the second quarter. Nisa Investment Advisors LLC now owns 35,630 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 350 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Summit Hotel Properties by 2.8% in the second quarter. Aperio Group LLC now owns 30,382 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 835 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Summit Hotel Properties by 1.8% in the second quarter. US Bancorp DE now owns 22,649 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.

Summit Hotel Properties, Inc. (NYSE INN) traded down $0.02 during mid-day trading on Monday, reaching $15.09. The company’s stock had a trading volume of 722,300 shares, compared to its average volume of 874,275. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $1,573.53, a PE ratio of 11.35 and a beta of 1.18. Summit Hotel Properties, Inc. has a one year low of $14.08 and a one year high of $19.39.

Summit Hotel Properties (NYSE:INN) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $135.69 million. Summit Hotel Properties had a return on equity of 8.96% and a net margin of 20.21%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. analysts predict that Summit Hotel Properties, Inc. will post 1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.68 annualized dividend and a yield of 4.51%. Summit Hotel Properties’s dividend payout ratio (DPR) is 82.93%.

INN has been the subject of several recent research reports. Deutsche Bank reaffirmed a “buy” rating and issued a $17.00 price target (down previously from $19.00) on shares of Summit Hotel Properties in a report on Wednesday, August 9th. BidaskClub cut Summit Hotel Properties from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Bank of America cut Summit Hotel Properties from a “buy” rating to an “underperform” rating and cut their price target for the company from $19.00 to $14.00 in a report on Monday, August 14th. KeyCorp reaffirmed a “hold” rating on shares of Summit Hotel Properties in a report on Friday, August 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $17.00 price target on shares of Summit Hotel Properties in a report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued 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 price target of $17.50.

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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 79 hotels with a total of 11,590 guestrooms located in 24 states.

Institutional Ownership by Quarter for Summit Hotel Properties (NYSE:INN)

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