Summit Hotel Properties (INN) to Release Earnings on Wednesday

Summit Hotel Properties (NYSE:INNGet Free Report) is projected to post its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $198.9380 million for the quarter. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. Investors can find conference call details on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 9:00 AM ET.

Summit Hotel Properties (NYSE:INNGet Free Report) last issued 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 the consensus estimate of $180.51 million. On average, analysts expect Summit Hotel Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Summit Hotel Properties Stock Down 0.7%

NYSE:INN opened at $6.85 on Wednesday. Summit Hotel Properties has a 1 year low of $3.97 and a 1 year high of $7.14. The stock has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $5.25. The stock has a market cap of $742.52 million, a price-to-earnings ratio of -23.63 and a beta of 1.26. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, August 17th. Summit Hotel Properties’s dividend payout ratio is presently -110.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Summit Hotel Properties in the 3rd quarter valued at $35,000. Corient Private Wealth LLC acquired a new position in shares of Summit Hotel Properties during the 4th quarter worth about $52,000. CIBC Asset Management Inc acquired a new position in shares of Summit Hotel Properties during the 4th quarter worth about $52,000. 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 valued at $55,000 after acquiring an additional 6,442 shares in the last quarter. Finally, 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 valued at $55,000 after acquiring an additional 3,773 shares in the last quarter. Institutional investors own 96.47% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on INN

Summit Hotel Properties Company Profile

(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.

See Also

Earnings History for Summit Hotel Properties (NYSE:INN)

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