Jennison Associates LLC Lowers Stock Position in Summit Hotel Properties, Inc. $INN

Jennison Associates LLC lessened its holdings in Summit Hotel Properties, Inc. (NYSE:INN) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,941,074 shares of the real estate investment trust’s stock after selling 183,255 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of Summit Hotel Properties worth $33,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG lifted its position in Summit Hotel Properties by 18.9% during the third quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock valued at $38,079,000 after acquiring an additional 1,102,102 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Summit Hotel Properties by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,479,568 shares of the real estate investment trust’s stock valued at $8,123,000 after acquiring an additional 89,809 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Summit Hotel Properties by 1.4% during 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 acquiring an additional 9,879 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Summit Hotel Properties by 45.2% during the second quarter. Ameriprise Financial Inc. now owns 615,704 shares of the real estate investment trust’s stock valued at $3,134,000 after acquiring an additional 191,668 shares during the last quarter. Finally, Man Group plc lifted its position in Summit Hotel Properties by 6.6% during the second quarter. Man Group plc now owns 458,749 shares of the real estate investment trust’s stock valued at $2,335,000 after acquiring an additional 28,207 shares during the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on INN. Weiss Ratings reissued a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $6.00 target price on shares of Summit Hotel Properties and gave the company a “buy” rating in a research report on Tuesday, January 13th. 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, 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. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Summit Hotel Properties currently has a consensus rating of “Reduce” and an average target price of $5.00.

Summit Hotel Properties News Summary

Here are the key news stories impacting Summit Hotel Properties this week:

• Positive Sentiment: Q1 results beat FFO/AFFO and revenue estimates — AFFO (FFO) of $0.21 per share topped consensus and revenue came in above analyst projections, showing improving operating performance. Summit Hotel Properties (INN) Surpasses Q1 FFO and Revenue Estimates
• Positive Sentiment: Management raised FY2026 EPS guidance to $0.75–$0.85 (above the prior consensus ~$0.73), signaling confidence in cash‑flow recovery for the year. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Operational metrics improved: management highlighted positive RevPAR growth in Q1 (better than expected) and reported operating income of ~$14.1M and AFFO of $25.5M — evidence RevPAR momentum is translating to cash flow. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Capital recycling: the company announced an agreement to sell the Courtyard and Residence Inn Dallas (Arlington South), consistent with a strategy to monetize non-core assets and strengthen the balance sheet. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Neutral Sentiment: Company and sell‑side commentary expect modest full‑year RevPAR growth (management/analysts ~0.5%–3% for 2026), though they noted pockets of stronger demand tied to event-driven activity (World Cup trends). That implies uneven recovery — tailwinds for some markets, muted for others. Summit hotel properties forecasts 0.5% to 3% 2026 RevPAR growth as World Cup pace trends up high teens
• Neutral Sentiment: Full earnings and management commentary (call/transcripts and slide deck) are available for detail; investors can review commentary on mix/market performance and capital allocation. Summit Hotel Properties, Inc. (INN) Q1 2026 Earnings Call Transcript Summit Hotel (INN) Q1 2026 Earnings Transcript
• Negative Sentiment: Profitability and leverage remain concerns: the company still reports a negative net margin and negative ROE, and leverage (debt/equity) is meaningful — factors that could limit upside if RevPAR recovery slows. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS

Summit Hotel Properties Trading Up 3.9%

Shares of Summit Hotel Properties stock opened at $5.17 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.14. Summit Hotel Properties, Inc. has a 12-month low of $3.97 and a 12-month high of $6.00. The firm has a market capitalization of $561.95 million, a price-to-earnings ratio of -22.46 and a beta of 1.25. The firm’s 50 day simple moving average is $4.50 and its two-hundred day simple moving average is $4.81.

Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $185.05 million for the quarter, compared to analyst estimates of $180.51 million. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.02%. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. Analysts predict that Summit Hotel Properties, Inc. will post 0.72 EPS for the current year.

Summit Hotel Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.2%. Summit Hotel Properties’s dividend payout ratio is presently -139.13%.

Summit Hotel Properties 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.