Summit Hotel Properties, Inc. which can be found using ticker (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. Now with the previous closing price of $6.70 and the analysts are correct then we can expect a percentage increase in value of 34.3%. There is a 50 day moving average of $7.43 and the 200 day MA is $7.70. The company has a market capitalization of $716m. You can visit the company’s website by visiting: https://www.shpreit.com
The potential market cap would be $962m 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 2.41% with the ex dividend date set at 13-2-2023 (DMY).
