Summit Hotel Properties (NYSE:INN) Announces Quarterly Earnings Results

Summit Hotel Properties (NYSE:INN) issued its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.24), FiscalAI reports. Summit Hotel Properties had a return on equity of 0.02% and a net margin of 0.04%.The company had revenue of $174.96 million during the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties updated its FY 2026 guidance to 0.730-0.850 EPS.

Summit Hotel Properties Price Performance

Shares of INN stock traded up $0.37 during trading hours on Thursday, hitting $4.65. The stock had a trading volume of 768,970 shares, compared to its average volume of 772,406. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $505.39 million, a price-to-earnings ratio of -29.03 and a beta of 1.29. Summit Hotel Properties has a one year low of $3.57 and a one year high of $6.65. The stock’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.13.

Summit Hotel Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, February 13th. Summit Hotel Properties’s payout ratio is -139.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $6.00 target price on shares of Summit Hotel Properties and gave the stock a “buy” rating in a report on Tuesday, January 13th. Bank of America restated an “underperform” rating and set a $4.50 price objective (down from $5.75) on shares of Summit Hotel Properties in a research report on Tuesday, November 4th. Zacks Research cut shares of Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Summit Redstone set a $4.50 target price on shares of Summit Hotel Properties in a report on Tuesday, November 4th. Finally, Robert W. Baird set a $5.00 price target on Summit Hotel Properties in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Summit Hotel Properties currently has an average rating of “Reduce” and a consensus price target of $5.00.

Insiders Place Their Bets

In other Summit Hotel Properties news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $4.84, for a total transaction of $121,000.00. Following the completion of the transaction, the director owned 444,295 shares in the company, valued at $2,150,387.80. This trade represents a 5.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INN. Quarry LP purchased a new position in shares of Summit Hotel Properties in the third quarter valued at $35,000. CIBC Asset Management Inc bought a new stake in Summit Hotel Properties in the fourth quarter worth $52,000. Corient Private Wealth LLC purchased a new position in Summit Hotel Properties during the fourth quarter worth $52,000. Tower Research Capital LLC TRC increased its position in Summit Hotel Properties by 148.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 6,442 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of 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 valued at $55,000 after acquiring an additional 3,773 shares during the period. 96.47% of the stock is currently owned by institutional investors.

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.