Analysts See $0.38 EPS for Summit Hotel Properties, Inc. (INN)

July 27, 2018 - By Lisa Delgado

Summit Hotel Properties, Inc. (NYSE:INN) LogoInvestors sentiment increased to 1.26 in 2018 Q1. Its up 0.01, from 1.25 in 2017Q4. It improved, as 12 investors sold Summit Hotel Properties, Inc. shares while 70 reduced holdings. 26 funds opened positions while 77 raised stakes. 101.70 million shares or 0.37% more from 101.33 million shares in 2017Q4 were reported.
Thrivent Finance For Lutherans accumulated 0.03% or 601,653 shares. Bb&T Secs Ltd Company holds 0% or 10,421 shares. Moreover, Schroder Investment Mgmt Grp Inc has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN) for 96,096 shares. Strs Ohio owns 180,004 shares. M&T State Bank Corporation stated it has 0% in Summit Hotel Properties, Inc. (NYSE:INN). Sei Invs Communications invested in 31,720 shares. Texas-based Teacher Retirement Of Texas has invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). 46,200 are held by Louisiana State Employees Retirement. Clearbridge Ltd Liability owns 1.30M shares for 0.39% of their portfolio. Bnp Paribas Arbitrage has invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). Pub Employees Retirement Systems Of Ohio has invested 0.01% in Summit Hotel Properties, Inc. (NYSE:INN). Secor Cap Advsr Limited Partnership owns 48,874 shares. Employees Retirement Systems Of Texas reported 0.03% in Summit Hotel Properties, Inc. (NYSE:INN). Netherlands-based Robeco Institutional Asset Bv has invested 0.01% in Summit Hotel Properties, Inc. (NYSE:INN). First Trust Advsrs Lp invested in 0% or 21,112 shares.

Analysts expect Summit Hotel Properties, Inc. (NYSE:INN) to report $0.38 EPS on August, 1 after the close.They anticipate $0.02 EPS change or 5.56 % from last quarter’s $0.36 EPS. INN’s profit would be $39.91 million giving it 9.14 P/E if the $0.38 EPS is correct. After having $0.31 EPS previously, Summit Hotel Properties, Inc.’s analysts see 22.58 % EPS growth. The stock increased 0.51% or $0.07 during the last trading session, reaching $13.9. About 363,060 shares traded. Summit Hotel Properties, Inc. (NYSE:INN) has declined 14.43% since July 27, 2017 and is downtrending. It has underperformed by 27.00% the S&P500.

Summit Hotel Properties, Inc. (NYSE:INN) Ratings Coverage

Among 4 analysts covering Summit Hotel Properties (NYSE:INN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Summit Hotel Properties has $16 highest and $16.0 lowest target. $16’s average target is 15.11% above currents $13.9 stock price. Summit Hotel Properties had 4 analyst reports since February 26, 2018 according to SRatingsIntel. The rating was upgraded by Bank of America on Thursday, April 12 to “Buy”. The firm has “Buy” rating given on Monday, February 26 by RBC Capital Markets. The rating was maintained by Robert W. Baird on Monday, February 26 with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Monday, February 26.

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. The company has market cap of $1.46 billion.

Summit Hotel Properties, Inc. (NYSE:INN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.