Summit Hotel Properties, Inc. $INN Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its position in Summit Hotel Properties, Inc. (NYSE:INN) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 810,437 shares of the real estate investment trust’s stock after selling 124,585 shares during the quarter. Systematic Financial Management LP’s holdings in Summit Hotel Properties were worth $3,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of INN. Quarry LP acquired a new stake in shares of Summit Hotel Properties in the 3rd quarter worth approximately $35,000. BNP Paribas Financial Markets grew its holdings in shares of Summit Hotel Properties by 53.6% in the 2nd 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 during the period. Tower Research Capital LLC TRC grew its holdings in shares of Summit Hotel Properties by 148.1% in the 2nd 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 period. M&T Bank Corp acquired a new stake in shares of Summit Hotel Properties in the 4th quarter worth approximately $58,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Summit Hotel Properties in the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on INN. Zacks Research upgraded Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Summit Hotel Properties in a report on Friday, March 27th. Finally, Wall Street Zen raised Summit Hotel Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.00.

Summit Hotel Properties Price Performance

INN stock opened at $5.60 on Monday. Summit Hotel Properties, Inc. has a 1 year low of $3.97 and a 1 year high of $6.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50 day moving average price is $4.78 and its 200 day moving average price is $4.81. The firm has a market cap of $606.30 million, a P/E ratio of -19.29 and a beta of 1.25.

Summit Hotel Properties (NYSE:INN) last posted its 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. Summit Hotel Properties had a negative return on equity of 1.03% and a negative net margin of 1.75%.The firm had revenue of $185.05 million for the quarter, compared to analyst estimates of $180.51 million. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. On average, sell-side analysts expect that Summit Hotel Properties, Inc. will post 0.72 earnings per share for the current fiscal year.

Summit Hotel Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, May 15th. Summit Hotel Properties’s dividend payout ratio is currently -110.34%.

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.