Summit Hotel Properties with ticker code (INN) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 13 and 11 with a mean TP of 11.92. Now with the previous closing price of 9.5 this would imply there is a potential upside of 25.5%. There is a 50 day moving average of 9.48 while the 200 day moving average is 9.56. The company has a market cap of $996m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,250m 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.
