Summit Hotel Properties (NYSE:INN) Reaches New 1-Year High – Here’s What Happened

Posted by Brian Himes on Nov 10th, 2026

Summit Hotel Properties, Inc. (NYSE:INN – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as $7.36 and last traded at $7.4150, with a volume of 389,498 shares changing hands. The stock had previously closed at $7.21.

Analyst Ratings Changes

INN has been the subject of a number of analyst reports. Weiss Ratings cut shares of Summit Hotel Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research downgraded shares of Summit Hotel Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Summit Hotel Properties currently has a consensus rating of “Hold” and a consensus target price of $6.00.

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Summit Hotel Properties Price Performance

The firm has a market capitalization of $799.71 million, a PE ratio of -39.03, a P/E/G ratio of 7.83 and a beta of 1.27. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.71 and a current ratio of 0.83. The stock has a fifty day moving average price of $6.25 and a 200-day moving average price of $5.65.

Summit Hotel Properties (NYSE:INN – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. Summit Hotel Properties had a negative net margin of 0.49% and a negative return on equity of 0.31%. The business had revenue of $185.71 million for the quarter, compared to analyst estimates of $180.92 million. Sell-side analysts forecast that Summit Hotel Properties, Inc. will post 0.79 EPS for the current fiscal year.

Summit Hotel Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, November 16th. Summit Hotel Properties’s dividend payout ratio is currently -168.42%.

Institutional Investors Weigh In On Summit Hotel Properties

Several institutional investors have recently added to or reduced their stakes in INN. Virtus Advisers LLC increased its holdings in shares of Summit Hotel Properties by 232.1% in the third quarter. Virtus Advisers LLC now owns 403,391 shares of the real estate investment trust’s stock valued at $2,408,000 after purchasing an additional 281,914 shares during the period. Russell Investments Group Ltd. grew its position in shares of Summit Hotel Properties by 129.2% in the third quarter. Russell Investments Group Ltd. now owns 474,595 shares of the real estate investment trust’s stock valued at $2,833,000 after purchasing an additional 267,526 shares during the period. Alps Advisors Inc. lifted its position in shares of Summit Hotel Properties by 5.6% in the third quarter. Alps Advisors Inc. now owns 42,999 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 2,295 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Summit Hotel Properties during the third quarter worth $527,000. Finally, Inscription Capital LLC increased its stake in shares of Summit Hotel Properties by 32.5% in the 3rd quarter. Inscription Capital LLC now owns 29,940 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 7,350 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.

About Summit Hotel Properties

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Summit Hotel Properties, Inc. is a real estate investment trust (REIT) focused on owning and investing in premium-branded, select-service hotels in the United States. Its properties generally operate under nationally recognized hotel brands and serve business and leisure travelers. The company’s portfolio has included hotels affiliated with major hospitality brands such as Marriott, Hilton, Hyatt and InterContinental Hotels Group. Summit emphasizes select-service properties, which typically offer essential lodging amenities while operating with a more streamlined cost structure than full-service hotels.