Summit Hotel Properties found using ticker (INN) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 14 and 11 and has a mean target at 12.17. Given that the stocks previous close was at 9.41 this would imply there is a potential upside of 29.3%. The day 50 moving average is 9.27 and the 200 day moving average is 9.58. The company has a market capitalisation of $1,002m. You can visit the company’s website by visiting: https://www.shpreit.com
The potential market cap would be $1,295m 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.
