Summit Hotel Properties, Inc. with ticker code (INN) now have 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 11 and 8 calculating the mean target price we have $9.38. Given that the stocks previous close was at $6.60 and the analysts are correct then we can expect a percentage increase in value of 42.1%. The 50 day moving average now sits at $7.65 and the 200 day moving average is $7.72. The company has a market cap of $753m. You can visit the company’s website by visiting: https://www.shpreit.com
The potential market cap would be $1,071m 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 2.43% with the ex dividend date set at 13-2-2023 (DMY).
