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 14 and 10 calculating the mean target price we have 11.67. Now with the previous closing price of 7.95 this would indicate that there is a potential upside of 46.8%. The day 50 moving average is 7.97 and the 200 day MA is 8.96. The company has a market cap of $867m. Company Website: https://www.shpreit.com
The potential market cap would be $1,273m 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.
