Summit Hotel Properties (NYSE:INN) Releases FY 2026 Earnings Guidance

Summit Hotel Properties (NYSE:INN) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.750-0.850 for the period, compared to the consensus estimate of 0.730. The company issued revenue guidance of -.

Summit Hotel Properties Price Performance

INN traded up $0.20 on Friday, hitting $5.17. 1,005,085 shares of the company were exchanged, compared to its average volume of 1,214,749. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.70 and a current ratio of 0.70. The business’s fifty day moving average is $4.50 and its 200 day moving average is $4.81. Summit Hotel Properties has a fifty-two week low of $3.97 and a fifty-two week high of $6.00. The firm has a market capitalization of $561.95 million, a P/E ratio of -22.46 and a beta of 1.23.

Summit Hotel Properties (NYSE:INN) last announced its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24). Summit Hotel Properties had a negative net margin of 0.87% and a negative return on equity of 0.50%. The business had revenue of $174.96 million during the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. As a group, sell-side analysts anticipate that Summit Hotel Properties will post 0.72 EPS for the current year.

Summit Hotel Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, May 15th. Summit Hotel Properties’s dividend payout ratio is -139.13%.

Analyst Ratings Changes

INN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $6.00 price target on shares of Summit Hotel Properties and gave the company a “buy” rating in a report on Tuesday, January 13th. Zacks Research raised shares of Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Summit Hotel Properties in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $5.00.

Institutional Investors Weigh In On Summit Hotel Properties

Several large investors have recently made changes to their positions in INN. UBS Group AG increased its position in shares of Summit Hotel Properties by 18.9% in the third quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock worth $38,079,000 after acquiring an additional 1,102,102 shares in the last quarter. Invesco Ltd. increased its position in shares of Summit Hotel Properties by 87.2% in the fourth quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock worth $3,772,000 after acquiring an additional 360,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Summit Hotel Properties by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock worth $12,383,000 after acquiring an additional 279,823 shares in the last quarter. Jane Street Group LLC increased its position in shares of Summit Hotel Properties by 275.3% in the fourth quarter. Jane Street Group LLC now owns 352,069 shares of the real estate investment trust’s stock worth $1,715,000 after acquiring an additional 258,261 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Summit Hotel Properties in the fourth quarter worth $1,205,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

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.