Summit Hotel Properties with ticker code (INN) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 13 and 11 with a mean TP of 12. Now with the previous closing price of 10.22 this is indicating there is a potential upside of 17.4%. The day 50 moving average is 9.77 and the 200 day moving average is 9.56. The market cap for the company is $1,069m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,255m based on the market concensus.
Summit Hotel Properties 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. As of November 3, 2020, the Company’s portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
