Summit Hotel Properties, Inc. (NYSE:INN) Receives $5.00 Consensus PT from Analysts

Summit Hotel Properties, Inc. (NYSE:INN) has received an average rating of “Reduce” from the five research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.00.

Several analysts have recently issued reports on INN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded shares of Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $6.00 price objective on Summit Hotel Properties and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Robert W. Baird set a $5.00 target price on Summit Hotel Properties in a research note on Wednesday, December 17th.

Summit Hotel Properties Trading Down 4.0%

INN opened at $4.52 on Wednesday. Summit Hotel Properties has a 52 week low of $3.57 and a 52 week high of $6.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $4.60 and a 200-day simple moving average of $5.09. The firm has a market cap of $491.78 million, a P/E ratio of -19.65 and a beta of 1.24.

Summit Hotel Properties (NYSE:INN) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24). Summit Hotel Properties had a negative net margin of 0.87% and a negative return on equity of 0.50%. The firm had revenue of $174.96 million during the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. On average, equities analysts expect that Summit Hotel Properties will post 0.88 earnings per share for the current year.

Summit Hotel Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Friday, February 13th. Summit Hotel Properties’s dividend payout ratio is presently -139.13%.

Insiders Place Their Bets

In related news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of Summit Hotel Properties stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $4.84, for a total value of $121,000.00. Following the completion of the transaction, the director owned 444,295 shares in the company, valued at $2,150,387.80. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Summit Hotel Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Summit Hotel Properties during the 3rd quarter worth $35,000. Corient Private Wealth LLC purchased a new position in Summit Hotel Properties in the fourth quarter valued at $52,000. CIBC Asset Management Inc acquired a new stake in Summit Hotel Properties in the fourth quarter valued at $52,000. BNP Paribas Financial Markets raised its stake in Summit Hotel Properties by 53.6% in the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 3,773 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Summit Hotel Properties by 148.1% during 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 buying an additional 6,442 shares during the last quarter. 96.47% of the stock is currently owned by institutional investors and hedge funds.

About Summit Hotel Properties

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.