Summit Hotel Properties (NYSE:INN) Announces Earnings Results

Summit Hotel Properties (NYSE:INN) announced its quarterly earnings data on Thursday. The real estate investment trust reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02, Zacks reports. The firm had revenue of $185.05 million for the quarter, compared to analyst estimates of $180.51 million. Summit Hotel Properties had a negative return on equity of 1.02% and a negative net margin of 1.75%. Summit Hotel Properties updated its FY 2026 guidance to 0.750-0.850 EPS.

Summit Hotel Properties Price Performance

Shares of NYSE INN traded up $0.20 during mid-day trading on Friday, reaching $5.17. 1,005,085 shares of the company were exchanged, compared to its average volume of 788,319. Summit Hotel Properties has a 52 week low of $3.97 and a 52 week high of $6.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $561.95 million, a PE ratio of -22.46 and a beta of 1.25. The company’s 50 day moving average price is $4.50 and its 200 day moving average price is $4.81.

Summit Hotel Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, May 15th. Summit Hotel Properties’s payout ratio is -139.13%.

Hedge Funds Weigh In On Summit Hotel Properties

Several hedge funds and other institutional investors have recently modified their holdings of INN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Summit Hotel Properties by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,254 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 2,528 shares during the period. Jane Street Group LLC increased its holdings in Summit Hotel Properties by 1.7% in the 1st quarter. Jane Street Group LLC now owns 165,679 shares of the real estate investment trust’s stock valued at $896,000 after acquiring an additional 2,793 shares during the last quarter. Amundi grew its stake in shares of Summit Hotel Properties by 19.9% in the 3rd quarter. Amundi now owns 18,320 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 3,040 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Summit Hotel Properties by 22.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,917 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 3,527 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Summit Hotel Properties by 53.6% in the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,773 shares in the last quarter. 96.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INN shares. Deutsche Bank Aktiengesellschaft set a $6.00 price objective on Summit Hotel Properties and gave the company a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded Summit Hotel Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Summit Hotel Properties in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Summit Hotel Properties has a consensus rating of “Reduce” and an average price target of $5.00.

Key Stories Impacting Summit Hotel Properties

Here are the key news stories impacting Summit Hotel Properties this week:

• Positive Sentiment: Q1 results beat FFO/AFFO and revenue estimates — AFFO (FFO) of $0.21 per share topped consensus and revenue came in above analyst projections, showing improving operating performance. Summit Hotel Properties (INN) Surpasses Q1 FFO and Revenue Estimates
• Positive Sentiment: Management raised FY2026 EPS guidance to $0.75–$0.85 (above the prior consensus ~$0.73), signaling confidence in cash‑flow recovery for the year. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Operational metrics improved: management highlighted positive RevPAR growth in Q1 (better than expected) and reported operating income of ~$14.1M and AFFO of $25.5M — evidence RevPAR momentum is translating to cash flow. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Capital recycling: the company announced an agreement to sell the Courtyard and Residence Inn Dallas (Arlington South), consistent with a strategy to monetize non-core assets and strengthen the balance sheet. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
• Neutral Sentiment: Company and sell‑side commentary expect modest full‑year RevPAR growth (management/analysts ~0.5%–3% for 2026), though they noted pockets of stronger demand tied to event-driven activity (World Cup trends). That implies uneven recovery — tailwinds for some markets, muted for others. Summit hotel properties forecasts 0.5% to 3% 2026 RevPAR growth as World Cup pace trends up high teens
• Neutral Sentiment: Full earnings and management commentary (call/transcripts and slide deck) are available for detail; investors can review commentary on mix/market performance and capital allocation. Summit Hotel Properties, Inc. (INN) Q1 2026 Earnings Call Transcript Summit Hotel (INN) Q1 2026 Earnings Transcript
• Negative Sentiment: Profitability and leverage remain concerns: the company still reports a negative net margin and negative ROE, and leverage (debt/equity) is meaningful — factors that could limit upside if RevPAR recovery slows. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS

About Summit Hotel Properties

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.