Summit Hotel Properties (NYSE:INN – Get Free Report) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.790-0.850 for the period, compared to the consensus EPS estimate of 0.740. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
INN has been the subject of a number of research analyst reports. 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. Raymond James Financial reaffirmed an “outperform” rating and set a $7.00 price target on shares of Summit Hotel Properties in a research report on Monday, June 8th. Finally, Zacks Research raised Summit Hotel Properties from a “hold” rating to a “strong-buy” rating in a 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 given a Sell rating to the stock. According to MarketBeat.com, Summit Hotel Properties presently has a consensus rating of “Hold” and an average price target of $5.40.
Check Out Our Latest Analysis on Summit Hotel Properties
Summit Hotel Properties Stock Performance
Summit Hotel Properties (NYSE:INN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. 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 $199.02 million for the quarter, compared to the consensus estimate of $198.41 million. Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. Equities research analysts predict that Summit Hotel Properties will post 0.75 earnings per share for the current fiscal year.
Summit Hotel Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, August 17th. Summit Hotel Properties’s dividend payout ratio (DPR) is presently -110.34%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG increased its position in shares of Summit Hotel Properties by 18.9% during the 3rd quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock valued at $38,079,000 after purchasing an additional 1,102,102 shares during the period. State Street Corp grew its position in Summit Hotel Properties by 1.2% during the 4th quarter. State Street Corp now owns 4,911,087 shares of the real estate investment trust’s stock worth $23,917,000 after purchasing an additional 56,090 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Summit Hotel Properties by 12.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock valued at $12,383,000 after buying an additional 279,823 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Summit Hotel Properties by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,506,061 shares of the real estate investment trust’s stock worth $7,334,000 after purchasing an additional 26,493 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Summit Hotel Properties by 87.2% in the 4th quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock worth $3,772,000 after buying an additional 360,800 shares in the last quarter. 96.47% of the stock is currently owned by institutional investors.
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.
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