Headlines about Summit Hotel Properties (NYSE:INN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Hotel Properties earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.5506079038929 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
INN has been the topic of several research reports. Zacks Investment Research downgraded Summit Hotel Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Raymond James Financial raised Summit Hotel Properties from a “market perform” rating to an “outperform” rating and set a $17.50 target price on the stock in a research report on Monday, October 30th. KeyCorp set a $17.00 target price on Summit Hotel Properties and gave the company a “buy” rating in a research report on Sunday, October 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $17.00 target price on shares of Summit Hotel Properties in a research report on Monday, November 20th. Finally, Janney Montgomery Scott downgraded Summit Hotel Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Summit Hotel Properties has a consensus rating of “Buy” and a consensus target price of $17.50.
Shares of Summit Hotel Properties (NYSE:INN) opened at $15.28 on Friday. Summit Hotel Properties has a 1-year low of $14.23 and a 1-year high of $19.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $1,593.35, a price-to-earnings ratio of 18.63 and a beta of 1.19.
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Summit Hotel Properties Company Profile
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 83 hotels with a total of 12,242 guestrooms located in 26 states.
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