Summit Hotel Properties, Inc. with ticker code (INN) now have 4 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 11 and 8 calculating the mean target price we have $9.00. Given that the stocks previous close was at $6.71 this now indicates there is a potential upside of 34.1%. It’s also worth noting that there is a 50 day moving average of $7.25 while the 200 day moving average is $7.69. The total market capitalization for the company now stands at $706m. Company Website: https://www.shpreit.com
The potential market cap would be $946m based on the market consensus.
Summit Hotel Properties, Inc. 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 2.36% with the ex dividend date set at 13-2-2023 (DMY).
