Analysts See $0.30 EPS for Summit Hotel Properties, Inc. (INN)

April 8, 2018 - By Maria Brooks

Summit Hotel Properties, Inc. (NYSE:INN) LogoInvestors sentiment increased to 1.25 in Q4 2017. Its up 0.27, from 0.98 in 2017Q3. It is positive, as 24 investors sold Summit Hotel Properties, Inc. shares while 65 reduced holdings. 29 funds opened positions while 82 raised stakes. 101.33 million shares or 2.22% more from 99.13 million shares in 2017Q3 were reported.
Royal Bank & Trust Of Canada holds 0% or 54,399 shares. State Teachers Retirement System has invested 0.01% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). Dimensional Fund Advsrs Limited Partnership holds 0.01% or 1.49 million shares in its portfolio. Amundi Pioneer Asset holds 85,533 shares or 0% of its portfolio. Comerica Bankshares holds 0.03% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN) for 275,561 shares. Moreover, Wells Fargo Communication Mn has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN). Secor Cap Advisors L P has invested 0.23% in Summit Hotel Properties, Inc. (NYSE:INN). Indexiq Advsrs holds 202,428 shares. Meeder Asset Management owns 497 shares or 0% of their US portfolio. Neuberger Berman Gp Lc has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN). Barclays Public Limited Com reported 91,004 shares stake. 477,847 were accumulated by Legal & General Grp Inc Pcl. Cipher Limited Partnership, New York-based fund reported 75,140 shares. 2.63 million are held by Millennium Mngmt Limited Co. Blair William & Il owns 17,648 shares.

Analysts expect Summit Hotel Properties, Inc. (NYSE:INN) to report $0.30 EPS on May, 2.They anticipate $0.02 EPS change or 6.25 % from last quarter’s $0.32 EPS. INN’s profit would be $31.50 million giving it 11.36 P/E if the $0.30 EPS is correct. After having $0.30 EPS previously, Summit Hotel Properties, Inc.’s analysts see 0.00 % EPS growth. The stock decreased 0.37% or $0.05 during the last trading session, reaching $13.63. About 741,337 shares traded. Summit Hotel Properties, Inc. (NYSE:INN) has declined 15.85% since April 8, 2017 and is downtrending. It has underperformed by 27.40% the S&P500.

Summit Hotel Properties, Inc. (NYSE:INN) Ratings Coverage

Among 6 analysts covering Summit Hotel Properties (NYSE:INN), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Summit Hotel Properties had 7 analyst reports since October 30, 2017 according to SRatingsIntel. As per Monday, February 26, the company rating was maintained by Robert W. Baird. Janney Capital downgraded the shares of INN in report on Monday, November 20 to “Neutral” rating. As per Monday, February 26, the company rating was maintained by RBC Capital Markets. On Monday, October 30 the stock rating was upgraded by Raymond James to “Outperform”. Deutsche Bank maintained Summit Hotel Properties, Inc. (NYSE:INN) rating on Monday, February 26. Deutsche Bank has “Buy” rating and $16 target. The stock of Summit Hotel Properties, Inc. (NYSE:INN) earned “Buy” rating by KeyBanc Capital Markets on Friday, October 27. The firm has “Buy” rating by Robert W. Baird given on Friday, November 10.

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. The company has market cap of $1.43 billion.

Summit Hotel Properties, Inc. (NYSE:INN) Institutional Positions Chart

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