News coverage about Summit Hotel Properties (NYSE:INN) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summit Hotel Properties earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.3071350624669 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research firms have issued reports on INN. Zacks Investment Research upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $17.00 target price on shares of Summit Hotel Properties in a research note on Monday, November 20th. Janney Montgomery Scott cut shares of Summit Hotel Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Raymond James Financial upgraded shares of Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 target price for the company in a research note on Monday, October 30th. Finally, KeyCorp set a $17.00 target price on shares of Summit Hotel Properties and gave the company a “buy” rating in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $17.50.

Shares of Summit Hotel Properties (INN) opened at $15.31 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $1,600.00, a P/E ratio of 18.67 and a beta of 1.19. Summit Hotel Properties has a one year low of $14.23 and a one year high of $19.39.

Summit Hotel Properties (NYSE:INN) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $135.69 million. Summit Hotel Properties had a net margin of 20.21% and a return on equity of 8.96%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. equities research analysts predict that Summit Hotel Properties will post 1.25 EPS for the current fiscal year.

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Summit Hotel Properties Company Profile

Summit Hotel Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company’s portfolio consists of 83 hotels with a total of 12,242 guestrooms located in 26 states.

Insider Buying and Selling by Quarter for Summit Hotel Properties (NYSE:INN)

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