Summit Hotel Properties, Inc. with ticker code (INN) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 11 and 8 and has a mean target at 9.38. Given that the stocks previous close was at 8.25 this indicates there is a potential upside of 13.7%. The 50 day moving average now sits at 7.8 and the 200 moving average now moves to 7.96. The company has a market capitalisation of $886m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,008m based on the market concensus.
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.
