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 holding company and conducts all of its operations through its Summit Hotel OP, LP (operating partnership). The Company is a real estate investments trust (REIT) and self-managed hotel investment company. The Company operates in the segment of activities related to investing in real estate. The Company is focused on owning premium-branded, select-service hotels in the Upscale and Upper-midscale segments of the United States lodging industry. The Company’s portfolio consists of approximately 90 hotels with over 11,420 guestrooms located in approximately 20 states. Approximately 86.1% of its guestrooms are located in over 50 metropolitan statistical areas (MSAs); approximately 94.5% are located within over 100 MSAs, and approximately 97.3% of its hotel guestrooms operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, Intercontinental Hotel Group and an affiliate of Hyatt Hotels Corporation.