Summit Hotel Properties, Inc. (INN) – What Are Brokerages Saying About This Stock?

Summit Hotel Properties, Inc. (NYSE:INN) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.40.

A number of equities research analysts have issued reports on INN shares. Weiss Ratings lowered Summit Hotel Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research cut Summit Hotel Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th.

Summit Hotel Properties Stock Performance

NYSE:INN opened at $6.64 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $716.66 million, a price-to-earnings ratio of -28.89 and a beta of 1.29. The company’s 50-day moving average is $5.95 and its two-hundred day moving average is $5.92. Summit Hotel Properties has a 1-year low of $3.97 and a 1-year high of $7.17.

Summit Hotel Properties (NYSE:INN) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Summit Hotel Properties had a negative return on equity of 0.60% and a negative net margin of 0.99%. The firm had revenue of $199.02 million during the quarter, compared to analyst estimates of $198.41 million. Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. Analysts forecast that Summit Hotel Properties will post 0.77 EPS for the current year.

Summit Hotel Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, August 17th. Summit Hotel Properties’s dividend payout ratio is presently -139.13%.

Institutional Trading of Summit Hotel Properties

Hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Summit Hotel Properties during the 2nd quarter worth $112,000. WINTON GROUP Ltd acquired a new position in shares of Summit Hotel Properties during the second quarter worth $432,000. Engineers Gate Manager LP acquired a new position in shares of Summit Hotel Properties during the second quarter worth $317,000. Integrated Wealth Concepts LLC acquired a new position in shares of Summit Hotel Properties during the second quarter worth $39,000. Finally, Corient Private Wealth LP increased its holdings in Summit Hotel Properties by 593.6% in the second quarter. Corient Private Wealth LP now owns 94,351 shares of the real estate investment trust’s stock valued at $661,000 after buying an additional 80,748 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.

About Summit Hotel Properties

Summit Hotel Properties, Inc is a real estate investment trust focused on owning premium-branded, select-service hotels in the United States. Its properties are generally located in business, leisure and transportation-oriented markets and operate under nationally recognized hotel brands.

The company’s hotel portfolio has included properties affiliated with brands such as Marriott, Hilton, Hyatt and InterContinental Hotels Group. These hotels typically provide guest accommodations along with services and amenities such as breakfast, meeting space, fitness facilities and other offerings designed for business and leisure travelers.

Summit Hotel Properties was founded in 2003 and became a publicly traded company in 2011.