Summit Hotel Properties (NYSE:INN) Releases Earnings Results, Misses Expectations By $0.24 EPS

Summit Hotel Properties (NYSE:INN) released 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 Stock Performance

Shares of NYSE INN traded up $0.10 during trading on Wednesday, reaching $4.28. 896,334 shares of the company traded hands, compared to its average volume of 774,271. Summit Hotel Properties has a 12-month low of $3.57 and a 12-month high of $6.65. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.14. The stock has a market cap of $465.66 million, a P/E ratio of -26.75 and a beta of 1.29. The firm’s fifty day simple moving average is $4.67 and its 200 day simple moving average is $5.13.

Summit Hotel Properties Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.5%. Summit Hotel Properties’s dividend payout ratio is currently -200.00%.

Insider Buying and Selling

In related news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of Summit Hotel Properties stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $4.84, for a total value 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. The trade was a 5.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On Summit Hotel Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Summit Hotel Properties during the third quarter worth about $35,000. Corient Private Wealth LLC acquired a new stake in shares of Summit Hotel Properties during the fourth quarter worth about $52,000. CIBC Asset Management Inc purchased a new position in Summit Hotel Properties in the 4th quarter valued at approximately $52,000. Tower Research Capital LLC TRC increased its position in shares of 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 worth $55,000 after acquiring an additional 6,442 shares during the period. 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 in the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.

Analysts Set New Price Targets

INN has been the topic of several research analyst reports. Robert W. Baird set a $5.00 price target on shares of Summit Hotel Properties in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Monday, December 29th. Summit Redstone set a $4.50 price target on shares of Summit Hotel Properties in a research report on Tuesday, November 4th. Bank of America reiterated an “underperform” rating and issued a $4.50 price target (down from $5.75) on shares of Summit Hotel Properties in a report on Tuesday, November 4th. Finally, Zacks Research lowered shares of Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.00.

Summit Hotel Properties Company Profile

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.