Summit Hotel Properties, Inc. with ticker code (INN) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 11 and 7.5 calculating the mean target price we have $8.75. Now with the previous closing price of $6.28 this indicates there is a potential upside of 39.3%. Also worth taking note is the 50 day moving average now sits at $7.06 while the 200 day moving average is $7.67. The market capitalization for the company is $659m. You can visit the company’s website by visiting: https://www.shpreit.com
The potential market cap would be $918m 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 2.46% with the ex dividend date set at 13-2-2023 (DMY).
