Published On: Wed, Oct 19th, 2016

New Analyst Ratings On Summit Hotel Properties, Inc. (NYSE:INN)


Recently stock market analysts have updated their consensus ratings on shares of Summit Hotel Properties, Inc. (NYSE:INN).

Most recent broker ratings

03/09/2016 – Janney Montgomery Scott began new coverage on Summit Hotel Properties, Inc. giving the company a “buy” rating. They now have a USD 13 price target on the stock.

03/01/2016 – Summit Hotel Properties, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 14 price target on the stock.

01/07/2016 – BB&T Capital Markets began new coverage on Summit Hotel Properties, Inc. giving the company a “buy” rating. They now have a USD 14.5 price target on the stock.

12/23/2015 – Summit Hotel Properties, Inc. had its “buy” rating reiterated by analysts at Cantor Fitzgerald. They now have a USD 14.5 price target on the stock.

12/07/2015 – Summit Research began new coverage on Summit Hotel Properties, Inc. giving the company a “buy” rating. They now have a USD 41 price target on the stock.

10/22/2015 – Summit Hotel Properties, Inc. had its “buy” rating reiterated by analysts at Canaccord Genuity. They now have a USD 15 price target on the stock.

08/28/2015 – Summit Hotel Properties, Inc. was upgraded to “outperform” by analysts at Robert W. Baird. They now have a USD 15 price target on the stock.

08/04/2015 – Summit Hotel Properties, Inc. had its “buy” rating reiterated by analysts at MLV & Co. They now have a USD 16 price target on the stock.

07/21/2015 – Summit Hotel Properties, Inc. was downgraded to “underperform” by analysts at Bank of America Merrill Lynch. They now have a USD 14.5 price target on the stock.

06/16/2015 – Summit Hotel Properties, Inc. had its “market outperform” rating reiterated by analysts at JMP Securities. They now have a USD 15.5 price target on the stock.

05/21/2015 – Summit Hotel Properties, Inc. was upgraded to “buy” by analysts at Zacks. They now have a USD 15 price target on the stock.

11/04/2014 – Summit Hotel Properties, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 13 price target on the stock.

08/08/2014 – Summit Hotel Properties, Inc. had its “outperform” rating reiterated by analysts at Raymond James. They now have a USD 11.5 price target on the stock.

11/26/2013 – Summit Hotel Properties, Inc. was upgraded to “outperform” by analysts at BMO Capital Markets. They now have a USD 10 price target on the stock.

Summit Hotel Properties, Inc. has a 50 day moving average of 13.38 and a 200 day moving average of 12.91. The stock’s market capitalization is 1.15B, it has a 52-week low of 9.00 and a 52-week high of 14.58.

The share price of the company (NYSE:INN) was up +0.92% during the last trading session, with a high of 13.24 and the volume of Summit Hotel Properties, Inc. shares traded was 407986.

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 81 hotels with over 10,957 guestrooms located in 23 states. The Company’s hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company’s portfolio is located in urban and suburban markets. Based on total number of guestrooms, approximately 86% of the Company’s portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 95% is located within over 100 MSAs. Based on total number of guestrooms, approximately 99% of the Company’s hotels operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, InterContinental Hotels Group, and an affiliate of Hyatt Hotels Corporation.