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 14 and 10 with a mean TP of 12. With the stocks previous close at 7.37 this indicates there is a potential upside of 62.8%. The day 50 moving average is 8.21 while the 200 day moving average is 9.36. The market capitalisation for the company is $788m. You can visit the company’s website by visiting: https://www.shpreit.com
The potential market cap would be $1,283m 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.
