Summit Hotel Properties, Inc. (NYSE:INN) Receives Consensus Rating of “Reduce” from Analysts

Summit Hotel Properties, Inc. (NYSE:INN) has been assigned an average rating of “Reduce” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.00.

INN has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Friday, March 27th. Wall Street Zen upgraded Summit Hotel Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research upgraded Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th.

Summit Hotel Properties Trading Up 0.1%

Summit Hotel Properties stock opened at $5.60 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.16. Summit Hotel Properties has a 12 month low of $3.97 and a 12 month high of $6.00. The stock’s 50 day simple moving average is $4.78 and its two-hundred day simple moving average is $4.81. The firm has a market cap of $606.27 million, a PE ratio of -19.29 and a beta of 1.25.

Summit Hotel Properties (NYSE:INN) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, topping the consensus estimate 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 business 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. Analysts anticipate that Summit Hotel Properties will post 0.72 earnings per share for the current year.

Summit Hotel Properties Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in shares of Summit Hotel Properties during the 3rd quarter valued at approximately $860,000. Versor Investments LP lifted its position in shares of Summit Hotel Properties by 286.9% during the 4th quarter. Versor Investments LP now owns 144,300 shares of the real estate investment trust’s stock valued at $703,000 after buying an additional 107,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Summit Hotel Properties by 8.7% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 84,157 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 6,718 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of Summit Hotel Properties during the 3rd quarter valued at approximately $117,000. Finally, Intech Investment Management LLC lifted its position in shares of Summit Hotel Properties by 56.9% during the 3rd quarter. Intech Investment Management LLC now owns 89,549 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 32,472 shares in the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.

Summit Hotel Properties Company 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.