Summit Hotel Properties which can be found using ticker (INN) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 11 and 8 and has a mean target at $9.38. Now with the previous closing price of $6.91 this would imply there is now a potential upside of 35.7%. It’s also worth noting that there is a 50 day moving average of $7.81 and the 200 day MA is $7.84. The company has a market cap of $738m. Company Website: https://www.shpreit.com
The potential market cap would be $1,001m based on the market consensus.
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.
The company has a dividend yield of 2.32% with the ex dividend date set at 13-2-2023 (DMY).
