Summit Hotel Properties Inc. (INN) Review – Making Smarter Decisions

322 institutions hold shares in Summit Hotel Properties Inc. (INN), with 2.61M shares held by insiders accounting for 2.47% while institutional investors hold 96.46% of the company’s shares. The shares outstanding are 104.20M, and float is at 103.10M with Short Float at 5.39%. Institutions hold 94.08% of the Float.

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The top institutional shareholder in the company is Blackrock Inc. with over 19.87 million shares valued at $179.05 million. The investor’s holdings represent 18.80% of the INN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 14.36 million shares valued at $129.39 million to account for 13.59% of the shares outstanding. The other top investors are State Street Corporation which holds 5.74 million shares representing 5.43% and valued at over $51.76 million, while Macquarie Group Limited holds 4.67% of the shares totaling 4.93 million with a market value of $44.45 million.

Summit Hotel Properties Inc. (NYSE: INN) is 13.10% higher on its value in year-to-date trading and has touched a low of $2.32 and a high of $11.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INN stock was last observed hovering at around $10.07 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $10.50 for the next 12 months. It is also 15.08% off the consensus price target high of $12.00 offered by 6 analysts, but current levels are -13.22% lower than the price target low of $9.00 for the same period.

Currently trading at $10.19, the stock is 11.24% and 12.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing 1.19% at the moment leaves the stock 47.83% off its SMA200. INN registered -5.21% loss for a year compared to 6-month gain of 80.04%. The firm has a 50-day simple moving average (SMA 50) of $9.02 and a 200-day simple moving average (SMA200) of $7.36.

The stock witnessed a 16.32% loss in the last 1 month and extending the period to 3 months gives it a 24.42%, and is 0.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.76% over the week and 4.83% over the month.

Summit Hotel Properties Inc. (INN) has around 59 employees, a market worth around $1.06B and $320.00M in sales. Profit margin for the company is -33.10%. Distance from 52-week low is 339.22% and -8.45% from its 52-week high. The company has generated returns on investments over the last 12 months (3.30%).

Summit Hotel Properties Inc. (INN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Summit Hotel Properties Inc. (INN) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 3 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Summit Hotel Properties Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.36 with sales reaching $52.92M over the same period.The EPS is expected to shrink by -5.00% this year, but quarterly earnings will post -56.50% year-over-year. Quarterly sales are estimated to shrink -60.40% in year-over-year returns.

Summit Hotel Properties Inc. (INN) Insider Activity

A total of 0 insider transactions have happened at Summit Hotel Properties Inc. (INN) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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Summit Hotel Properties Inc. (INN): Who are the competitors?

The company’s main competitors (and peers) include DiamondRock Hospitality Company (DRH) that is trading -4.94% down over the past 12 months. Pebblebrook Hotel Trust (PEB) is -5.30% down on the 1-year trading charts. Short interest in the company’s stock has risen 61.15% from the last report on Dec 30, 2020 to stand at a total of 2.16 million short shares sold with a short interest ratio of 3.4.

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