Summit Hotel Properties with ticker code (INN) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 11 and 8.5 with the average target price sitting at 9.9. With the stocks previous close at 8.05 this now indicates there is a potential upside of 23.0%. The 50 day moving average now sits at 7.98 while the 200 day moving average is 8.38. The market capitalisation for the company is $855m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,052m 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.
