Summit Hotel Properties (NYSE:INN) Reaches New 12-Month High – What’s Next?

Posted by Stanley Muller on Jul 27th, 2026

Summit Hotel Properties, Inc. (NYSE:INN – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $7.58 and last traded at $7.58, with a volume of 1200 shares traded. The stock had previously closed at $7.02.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INN. Raymond James Financial reissued an “outperform” rating and set a $7.00 target price on shares of Summit Hotel Properties in a report on Monday, June 8th. Weiss Ratings upgraded shares of Summit Hotel Properties from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Finally, Zacks Research upgraded shares of Summit Hotel Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.40.

Check Out Our Latest Stock Report on Summit Hotel Properties

Summit Hotel Properties Price Performance

The stock has a market cap of $821.37 million, a price-to-earnings ratio of -26.14 and a beta of 1.26. The business’s fifty day simple moving average is $6.34 and its 200 day simple moving average is $5.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.87 and a current ratio of 0.87.

Summit Hotel Properties (NYSE:INN – Get Free Report) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $185.05 million for the quarter, compared to analysts’ expectations of $180.51 million. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.03%. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. Research analysts predict that Summit Hotel Properties, Inc. will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Summit Hotel Properties

A number of hedge funds have recently added to or reduced their stakes in INN. Y Intercept Hong Kong Ltd raised its position in shares of Summit Hotel Properties by 717.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 268,530 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 235,699 shares during the period. Jennison Associates LLC lifted its stake in shares of Summit Hotel Properties by 2.0% during the first quarter. Jennison Associates LLC now owns 7,081,569 shares of the real estate investment trust’s stock valued at $31,301,000 after acquiring an additional 140,495 shares during the period. Intech Investment Management LLC grew its position in shares of Summit Hotel Properties by 102.0% during the 4th quarter. Intech Investment Management LLC now owns 180,884 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 91,335 shares during the period. Versor Investments LP grew its holdings in 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 worth $703,000 after acquiring an additional 107,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Summit Hotel Properties by 12.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,079 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 14,633 shares during the period. Institutional investors and hedge funds own 96.47% of the company’s stock.

About Summit Hotel Properties

(Get Free Report)

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.