Summit Hotel Properties Inc. (NYSE:INN) has a beta value of 2.42 and has seen 0.57 million shares traded in the last trading session. The company, currently valued at $997.44M, closed the last trade at $9.15 per share which meant it lost -$0.22 on the day or -2.35% during that session. The INN stock price is -23.72% off its 52-week high price of $11.32 and 48.42% above the 52-week low of $4.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.89 million shares traded. The 3-month trading volume is 677.61K shares.
The consensus among analysts is that Summit Hotel Properties Inc. (INN) is an Overweight stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 3 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Summit Hotel Properties Inc. (NYSE:INN) trade information
Sporting -2.35% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the INN stock price touched $9.15 or saw a rise of 4.29%. Year-to-date, Summit Hotel Properties Inc. shares have moved 1.55%, while the 5-day performance has seen it change -2.76%. Over the past 30 days, the shares of Summit Hotel Properties Inc. (NYSE:INN) have changed 2.35%. Short interest in the company has seen 4.34 million shares shorted with days to cover at 6.64.
Wall Street analysts have a consensus price target for the stock at $11.80, which means that the shares’ value could jump 22.46% from current levels. The projected low price target is $10.50 while the price target rests at a high of $12.50. In that case, then, we find that the current price level is -36.61% off the targeted high while a plunge would see the stock gain -14.75% from current levels.
Summit Hotel Properties Inc. (INN) estimates and forecasts
Figures show that Summit Hotel Properties Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -12.61% over the past 6 months, with this year growth rate of 154.05%, compared to 3.40% for the industry. Revenue growth from the last financial year stood is estimated to be 45.60%.
5 analysts offering their estimates for the company have set an average revenue estimate of $57.85 million for the current quarter. 6 have an estimated revenue figure of $86.52 million for the next quarter concluding in Jun 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.40% over the past 5 years.
Summit Hotel Properties Inc. is expected to release its next earnings report between November 01 and November 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Summit Hotel Properties Inc. (NYSE:INN)’s Major holders
Insiders own 3.14% of the company shares, while shares held by institutions stand at 101.37% with a share float percentage of 104.66%. Investors are also buoyed by the number of investors in a company, with Summit Hotel Properties Inc. having a total of 329 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 19.88 million shares worth more than $202.0 million. As of Mar 30, 2021, Blackrock Inc. held 18.74% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 14.67 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $149.06 million and represent 13.82% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. As of May 30, 2021, the former fund manager holds about 6.67% shares in the company for having 7.08 million shares of worth $67.99 million while later fund manager owns 4.73 million shares of worth $38.28 million as of Jan 30, 2021, which makes it owner of about 4.45% of company’s outstanding stock.