Bank of America Corp DE Buys New Position in Summit Hotel Properties, Inc. $INN
Bank of America Corp DE has acquired a new position in Summit Hotel Properties, Inc. (NYSE:INN), purchasing 479,064 shares valued at approximately $3.36 million, representing a 0.44% stake. This move comes as institutional investors collectively own 96.47% of the REIT. Summit Hotel Properties recently reported strong quarterly earnings, exceeding estimates, and maintains a quarterly dividend of $0.08 per share, yielding about 5.4%.
Summit Hotel Properties (INN) Receives a Buy from Raymond James
Raymond James analyst RJ Milligan maintained a Buy rating on Summit Hotel Properties (INN) with a $7.00 price target. This recommendation comes as Summit Hotel Properties reported quarterly revenue of $199.02 million and a net profit of $8.49 million in its latest earnings, showing an increase from the previous year. Milligan, a 5-star analyst, covers the Real Estate sector and has a strong success rate.
SUMMIT HOTEL PROPERTIES ANNOUNCES THIRD QUARTER 2026 EARNINGS RELEASE DATE
Summit Hotel Properties, Inc. (NYSE: INN) has announced that it will release its third quarter 2026 financial results on Tuesday, November 3, 2026, after the market closes. The company will hold its quarterly conference call on Wednesday, November 4, 2026, at 9:00 AM ET. A webcast of the call will be available on the company's investor relations website.
How Summit Hotel Properties Inc. (INN) Affects Rotational Strategy Timing
This article analyzes Summit Hotel Properties Inc. (INN) using AI models to provide trading strategies for different risk profiles. It identifies weak near and mid-term sentiment but a strong long-term outlook, with a significant risk-reward setup targeting a 15.4% gain. The report offers specific entry, target, and stop-loss levels for position, momentum breakout, and risk hedging strategies.
Investors Should Watch Summit Hotel Stock
Summit Hotel Properties Inc (INN) is currently oversold with an RSI of 29.99, indicating a potential buying opportunity despite its stock price dipping to $5.59, well below its 52-week high. Analysts have mixed views, with Baird maintaining a Neutral rating and BofA downgrading to Underperform. The company, a real estate investment trust focused on premium-branded lodging facilities, recently announced strong Q2 2026 financial results, including increased FFO, revenue growth, and a dividend declaration.
Responsive Playbooks and the INN Inflection
Summit Hotel Properties Inc. (NYSE: INN) is showing weak near and mid-term sentiment, which could challenge its long-term positive outlook. AI models have generated three trading strategies: a long position trading strategy, a breakout strategy, and a short risk hedging strategy, with a notable 43.0:1 risk-reward short setup. The analysis highlights specific support and resistance levels across different time horizons.
Public Employees Retirement System of Ohio Buys New Holdings in Summit Hotel Properties, Inc. $INN
The Public Employees Retirement System of Ohio has acquired 233,000 shares of Summit Hotel Properties, Inc. (NYSE:INN) for approximately $1.63 million, establishing a 0.22% stake in the company. Summit Hotel Properties exceeded its recent quarterly earnings expectations with an EPS of $0.04 and revenue of $199.02 million. The company, which is 96.47% institutionally owned, also announced a quarterly dividend of $0.08, providing a 5.5% annualized yield.
Bank of New York Mellon Corp Buys Shares of 615,761 Summit Hotel Properties, Inc. $INN
Bank of New York Mellon Corp acquired 615,761 shares of Summit Hotel Properties, Inc. (NYSE:INN) during the second quarter, valued at approximately $4.3 million, giving it a 0.57% stake. Institutional investors now own 96.47% of the company. Summit Hotel Properties reported strong Q2 earnings, exceeding analyst estimates, and pays a quarterly dividend of $0.08, providing a 5.5% yield.
Bank of America Corp DE Sells 637,705 Shares of Summit Hotel Properties, Inc. $INN
Bank of America Corp DE significantly reduced its stake in Summit Hotel Properties, Inc. (NYSE:INN) by selling 637,705 shares, leaving it with 258,279 shares valued at approximately $1.14 million. Despite this, other institutional investors have either increased or maintained their positions, with institutional ownership remaining high at 96.47%. Summit Hotel Properties reported strong quarterly earnings, beating analyst estimates, and offers a 5.5% dividend yield, though analysts currently hold a consensus "Hold" rating with an average price target below its opening price.
Behavioral Patterns of INN and Institutional Flows
This article analyzes Summit Hotel Properties Inc. (NYSE: INN) using AI models, highlighting a weak near-term sentiment but long-term strength. It outlines specific institutional trading strategies, including long, breakout, and short positions, along with multi-timeframe signal analysis to guide investors on support and resistance levels.
BlackRock Inc. Takes $66.08 Million Position in Summit Hotel Properties, Inc. $INN
BlackRock Inc. has acquired a significant position in Summit Hotel Properties, Inc. (NYSE:INN), purchasing 9.43 million shares valued at approximately $66.08 million during the second quarter of 2026, representing an 8.70% stake in the company. Institutional investors now collectively own 96.47% of the REIT. Analysts currently maintain a consensus "Hold" rating for INN, with an average price target of $5.40, while the company recently reported strong quarterly earnings and declared a quarterly dividend of $0.08 per share.
550,086 Shares in Summit Hotel Properties, Inc. $INN Acquired by Algert Global LLC
Algert Global LLC recently acquired 550,086 shares of Summit Hotel Properties (NYSE:INN) worth approximately $3.86 million, representing a 0.51% stake in the company. Other institutional investors also initiated positions, bringing total institutional and hedge fund ownership to 96.47%. Summit Hotel Properties reported strong quarterly earnings, beating analyst expectations, and declared a quarterly dividend of $0.08, while analysts maintain a consensus "Hold" rating with an average price target of $5.40.
Summit Hotel Properties, Inc. (NYSE:INN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
Summit Hotel Properties, Inc. (NYSE:INN) has received a "Moderate Buy" consensus rating from six brokerages, with an average 12-month price target of $5.40. The company recently reported quarterly earnings per share of $0.04, surpassing analyst estimates, and declared a quarterly dividend of $0.08, yielding 5.2% annually. Institutional investors hold a significant 96.47% stake in the real estate investment trust.
487,570 Shares in Summit Hotel Properties, Inc. $INN Bought by Globeflex Capital L P
Globeflex Capital L P has acquired a new position in Summit Hotel Properties, Inc. (NYSE:INN), purchasing 487,570 shares valued at approximately $3.4 million, representing about 0.45% of the REIT. Institutional investors now own 96.47% of the company. Analysts have a generally positive outlook, with a "Moderate Buy" consensus rating and an average price target of $5.40, following recent upgrades and a beat on quarterly EPS, alongside a declared quarterly dividend of $0.08 per share.
INN | Summit Hotel Properties, Inc. Financials - Revenue Breakdown
This page provides a financial breakdown for Summit Hotel Properties, Inc. (INN), detailing its revenue segments, insider trading activity, institutional ownership, and analyst ratings. It also includes information on congressional trading, executive compensation, and the company's Smart Score.
Summit Hotel Properties, Inc. Revenue Breakdown – NYSE:INN
Summit Hotel Properties, Inc. (NYSE: INN) generated $722.43 million USD in revenue last year. The Room segment was the top-performing segment, contributing $643.79 million USD, while the United States was the primary geographical contributor with $729.47 million USD in revenue.
Summit Hotel Properties (NYSE:INN) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?
Summit Hotel Properties (NYSE:INN) recently saw its stock price climb above its 200-day moving average, trading at $6.1570 against an average of $5.45. Despite a "Moderate Buy" consensus rating from analysts, the average price target is $5.40, below its current trading price. The company reported strong quarterly adjusted earnings, beating estimates, and declared a quarterly dividend of $0.08 per share, resulting in a 5.2% annualized yield.
Down 12.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Summit Hotel Properties (INN)
Summit Hotel Properties (INN) has seen a 12.2% decline in its stock price over the past four weeks, placing it in oversold territory. This, combined with a strong consensus among analysts for improved earnings and a Zacks Rank #2 (Buy), suggests a potential rebound for the stock. Investors may consider this a good entry point to benefit from an anticipated turnaround.
Summit Hotel Properties (INN) Q2 2026 Earnings Call Transcript
Summit Hotel Properties (INN) reported strong Q2 2026 results, with pro forma RevPAR up 5% and Hotel EBITDA increasing 7.8%, driven by a 7.1% rise in average daily rate. The company raised its full-year guidance for RevPAR, EBITDAre, and FFO per share, citing accelerated demand trends in urban markets and the impact of the World Cup. Strategic initiatives included refinancing a $650 million credit facility and selling two hotels for $19 million, strengthening its balance sheet and liquidity.
Summit Hotel Properties (INN) holder Long Pond Capital now reports 0% ownership
Long Pond Capital, LP, along with Long Pond Capital GP, LLC and John Khoury, has filed an updated ownership report for Summit Hotel Properties, Inc. (INN), indicating they now beneficially own 0 shares of common stock, representing 0% of the outstanding class. This filing confirms they hold less than 5 percent of the class, with no sole or shared voting or dispositive power over any shares. The document specifies that certain funds managed by Long Pond Capital, LP may still have rights to dividends or sale proceeds from previously reported securities.
Summit Hotel Properties (INN) Q2 2026 Earnings Call Transcript
Summit Hotel Properties (INN) reported strong Q2 2026 results, with pro forma RevPAR up 5% and Hotel EBITDA increasing 7.8%, leading to raised full-year guidance. The company benefited from robust urban market performance, strong demand in high-rated segments, and the World Cup, while also strengthening its balance sheet through refinancing and asset sales. Management emphasized a shift towards longer booking windows and higher-rated business, alongside disciplined expense control.
Dimensional Fund Advisors LP Sells 200,688 Shares of Summit Hotel Properties, Inc. $INN
Dimensional Fund Advisors LP reduced its stake in Summit Hotel Properties (NYSE:INN) by 13.3% in the first quarter, selling 200,688 shares but still holding 1.31 million shares valued at $5.77 million. The REIT reported stronger-than-expected Q1 earnings of $0.04 EPS and revenue of $199.02 million, while also declaring a $0.08 quarterly dividend. Despite institutional ownership of 96.47%, the stock has a "Moderate Buy" consensus rating with an average price target below its current trading price.
UBS Group AG Reduces Stake in Summit Hotel Properties Inc (INN) by 32%
UBS Group AG has reduced its stake in Summit Hotel Properties Inc (INN) by 31.97%, selling over 4.1 million shares. Despite this significant reduction, INN represents only 0.01% of UBS's total portfolio. Summit Hotel Properties is a REIT focusing on upscale select-service hotels, currently valued as "Fairly Valued" by GuruFocus, with mixed financial health indicators and recent underperformance relative to its IPO price.
Latham & Watkins Advises Summit Hotel Properties in US$200 Million At-the-Market Program
Latham & Watkins LLP advised Summit Hotel Properties, Inc. (NYSE: INN) in its US$200 million at-the-market equity program. The real estate investment trust will offer and sell shares of its common stock. A Latham & Watkins team led by partners Mollie Duckworth, Jonathan Sarna, and Cathy Birkeland represented Summit Hotel Properties in the transaction.
Hunton Advises on Summit Hotel Properties, Inc.’s $200M ATM
Hunton Andrews Kurth LLP represented the sales agents for Summit Hotel Properties, Inc.'s $200 million common stock at-the-market (ATM) offering program. Summit Hotel Properties, Inc. (NYSE: INN) is a real estate investment trust focused on premium-branded lodging facilities. The Hunton team included partners Rob Smith, Mayme Donohue, George Howell, Joe Buonanno, and Christian Pugaczewski, along with several associates and counsel.
Despite Fast-paced Momentum, Summit Hotel Properties (INN) Is Still a Bargain Stock
Summit Hotel Properties (INN) is identified as a bargain stock with fast-paced momentum, according to Zacks Equity Research. The article highlights its recent price momentum, strong beta of 1.26, and a favorable Zacks Rank #2 (Buy) due to upward earnings estimate revisions. Despite these strong indicators, INN is trading at an attractive valuation with a Price-to-Sales ratio of 0.95.
Summit Hotel Properties (INN) Stock Price Slips As Guidance Rises
Summit Hotel Properties (INN) saw its stock price slip despite reporting a return to profitability in Q2 2026 and raising its full-year guidance for adjusted funds from operations and revenue per available room. The company's RevPAR increased by 5%, driven by a 7.1% rise in average daily rates, indicating pricing power and operational efficiency. While management noted broad-based strength, investor caution remains due to limited visibility, one-off events like the World Cup, and ongoing CFO transition.
Summit Hotel Properties, Inc. (INN) Stock Price, News, Quote & History
This page provides a detailed overview of Summit Hotel Properties, Inc. (INN), including its current stock price, recent news, historical data, and financial performance. As of August 7, 2026, the stock closed at $6.49, down 2.84% for the day. The company, a REIT focused on premium-branded lodging facilities, reported Q2 FY26 revenue of $199.02M and earnings of $8.49M, and an analyst from B of A Securities recently downgraded its rating to Underperform.
Summit Hotel Properties, Inc. Q2 2026: Revenue $199M, EPS $0.04— 10-Q Summary
Summit Hotel Properties, Inc. reported its Q2 2026 financial results, achieving $199M in revenue and diluted EPS of $0.04, showcasing year-over-year growth in revenue and improved profitability compared to Q2 2025. Key factors included a 3.2% increase in revenue, a positive net income of $3.87M, and a rise in same-store RevPAR by approximately 5%. The company attributed these improvements to strong average daily rate performance, demand boosts from events like FIFA 2026, and ongoing portfolio optimization efforts.
Earnings call transcript: Summit Hotel beats Q2 2026 estimates but shares fall
Summit Hotel Properties (INN) exceeded Q2 2026 earnings expectations, reporting adjusted EPS of $0.04 against a forecast loss of $0.05, and revenue of $199.02 million, slightly above estimates. Despite raising its full-year guidance due to stronger hotel performance, the company's stock fell by 2.79% in after-hours trading, indicating investor caution. The lodging company attributed its strong performance to increasing business travel, group bookings, and higher-rated leisure segments, with urban markets being a key driver, alongside a significant contribution from World Cup-related demand.
Press Release: SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2026 RESULTS
This press release from Summit Hotel Properties reports their financial results for the second quarter of 2026. It provides key performance indicators and a summary of the company's financial health during that period.
News | Summit Hotels CEO: Second-quarter success about 'more than the World Cup'
Summit Hotel Properties CEO Jonathan Stanner reported strong second-quarter results, emphasizing that success extended beyond the FIFA World Cup due to a broad lift in business transient and group travel. The company saw meaningful revenue per available room and earnings growth in various urban markets, including those outside World Cup host cities. Summit also increased its full-year 2026 outlook and sold two Dallas properties for $19 million, while continuing to focus on business travel's recovery and the tech sector's impact.
Summit Hotel Properties: Q2 Earnings Snapshot
Summit Hotel Properties (INN) exceeded Wall Street expectations for its second-quarter earnings, reporting funds from operations (FFO) of $34.9 million, or 29 cents per share, surpassing the average analyst estimate of 28 cents per share. The real estate investment trust, specializing in higher-end hotels, also posted net income of $3.9 million, or 4 cents per share, on revenue of $199 million, and projected full-year FFO to be between 79 cents and 85 cents per share.
UBS Group (INN) discloses 8.08% Summit Hotel Properties stake on Schedule 13G
UBS Group AG and its subsidiaries have disclosed an 8.08% beneficial ownership stake in Summit Hotel Properties, Inc., totaling 8,757,861 shares of common stock, through a Schedule 13G filing. The filing indicates shared voting power over 8,753,313 shares and shared dispositive power over all beneficially owned shares, with no sole voting or dispositive power. This investment is held by various UBS entities, including UBS Financial Services Inc., UBS Securities LLC, UBS AG London Branch, and UBS Switzerland AG, signifying a significant but non-controlling position in the company.
SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2026 RESULTS
Summit Hotel Properties (INN) announced strong second-quarter 2026 results, with operating income increasing 27.3% to $28.9 million and Adjusted EBITDAre rising 7.7% to $54.8 million. The company's pro forma RevPAR grew 5.0%, driven by a 7.1% increase in average daily rates, leading to an improved outlook and increased full-year 2026 guidance. Additionally, Summit Hotel Properties strengthened its balance sheet by refinancing its $650 million senior credit facility and selling two hotels, reducing leverage and enhancing portfolio quality.
Top dividend growth stocks under $10 include Alvopetro Energy, Summit Hotel & more (VIG:NYSEARCA)
The article identifies top dividend growth stocks trading under $10, with a focus on companies exhibiting strong dividend growth grades from Seeking Alpha. Alvopetro Energy Ltd (ALVOF) is highlighted as having the strongest dividend growth (A+ grade). It also lists other stocks with modest to weak dividend growth within the sub-$10 category.
Arrowstreet Capital Limited Partnership Invests $8.62 Million in Summit Hotel Properties, Inc. $INN
Arrowstreet Capital Limited Partnership recently invested $8.62 million in Summit Hotel Properties, Inc. (NYSE:INN) by acquiring 1.95 million shares, representing a 1.80% ownership stake. Summit Hotel Properties reported quarterly revenue of $185.05 million and an EPS of negative $0.10, surpassing analyst estimates. Despite institutional ownership of 96.47% and a "Hold" consensus rating with an average price target below its current price, the company declared a $0.08 quarterly dividend, yielding 4.7% annually.
Principal Financial Group Inc. Trims Position in Summit Hotel Properties, Inc. $INN
Principal Financial Group Inc. significantly reduced its stake in Summit Hotel Properties, Inc. (NYSE:INN) by 76.7% in the first quarter, selling over half a million shares but retaining 161,232 shares valued at $713,000. Despite this, institutional investors collectively hold 96.47% of the REIT. Summit Hotel Properties reported strong quarterly revenue and beat EPS estimates, opening near its 52-week high and offering a 4.7% dividend yield, though analyst sentiment remains mixed with an average "Hold" rating.
Enterprise value to revenue forward of Summit Hotel Properties, Inc. – NYSE:INN
This article focuses on the enterprise value to revenue forward metric for Summit Hotel Properties, Inc. (NYSE: INN). It provides a high-level overview of this financial ratio for the company, accessible through TradingView. The content appears to be a stub or an entry in a financial data platform rather than a detailed analytical report.
(INN) Volatility Zones as Tactical Triggers
This article analyzes Summit Hotel Properties Inc. (NYSE: INN) using AI models to provide tactical triggers based on volatility zones. It identifies a near-term neutral sentiment amidst mid and long-term strength, with no resistance levels above the current price suggesting upside potential. The analysis presents institutional trading strategies including position trading, momentum breakout, and risk hedging, along with multi-timeframe signal analysis.
INN Forecast — Price Target — Prediction for 2027
This article provides a forecast for Summit Hotel Properties, Inc. (INN) stock, detailing analyst price targets, historical performance, and key financial metrics. It covers the current stock price, volatility, market capitalization, upcoming earnings reports, and dividend information, serving as a comprehensive overview for potential investors.
Summit Hotel Properties, Inc. (NYSE:INN) to Issue Quarterly Dividend of $0.08
Summit Hotel Properties, Inc. (NYSE:INN) announced a quarterly dividend of $0.08 per share, payable on August 31 to shareholders of record on August 17. This represents an annualized dividend of $0.32 and a 4.6% yield. While the current payout ratio of -177.8% indicates earnings do not cover the dividend, analysts project next year's earnings will support a 42.1% payout ratio.
Summit Hotel Properties (INN) Projected to Announce Earnings on Wednesday
Summit Hotel Properties (INN) is expected to announce its Q2 2026 earnings after market close on Wednesday, August 5th, with analysts forecasting a loss of $0.01 per share on $198.9 million in revenue. The company recently reported Q1 EPS of negative $0.10, beating estimates, and has guided for FY 2026 EPS of $0.75–$0.85. The REIT also declared a quarterly dividend of $0.08, providing a 4.7% yield, and currently holds a consensus "Hold" rating from analysts with an average price target of $5.40.
Summit Hotel Properties Keeps Quarterly Dividend at $0.08 a Share, Payable Aug. 31 to Shareholders of Record on Aug. 17
Summit Hotel Properties (NYSE: INN) announced it will maintain its quarterly dividend at $0.08 per share. The dividend is payable on August 31, 2026, to shareholders of record as of August 17, 2026. This news follows a recent $650 million refinancing for the company and its inclusion in Russell 2000 indices.
SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2026 DIVIDENDS
Summit Hotel Properties, Inc. announced the declaration of cash dividends for the second quarter ended June 30, 2026. This includes a common stock dividend of $0.08 per share, representing an annualized yield of 4.6 percent. Additionally, dividends were declared for Series E and Series F Cumulative Redeemable Preferred Stocks, and distributions for Series Z Cumulative Perpetual Preferred Units, all payable on August 31, 2026.
Summit Hotel sets Aug. 31 cash payouts for common, preferred holders
Summit Hotel Properties (NYSE: INN) declared a second-quarter 2026 cash dividend of $0.08 per common share and common OP unit, representing an annualized yield of 4.6%. The company also announced quarterly dividends for its Series E and F preferred stocks, and a distribution for its Series Z preferred units. All dividends are payable on August 31, 2026, to holders of record as of August 17, 2026.
Summit Hotel Properties, Inc. Revenue Breakdown – FWB:SDP
Summit Hotel Properties, Inc. (FWB:SDP) generated a total revenue of €615.09 million last year, with its Room segment being the highest-performing, contributing €548.14 million. The majority of the company's revenue, €621.09 million, originated from the United States. This indicates a slight decrease in overall revenue compared to the previous year's €628.57 million.
Summit Hotel Properties (NYSE:INN) Upgraded to "Strong-Buy" at Zacks Research
Zacks Research has upgraded Summit Hotel Properties (NYSE:INN) from a "hold" to a "strong-buy" rating. This upgrade indicates improved analyst sentiment, though the overall consensus remains mixed, with an average "Hold" rating and a price target of $5.40 from other analysts. The company recently reported better-than-expected quarterly earnings, with revenue of $185.05 million and EPS of ($0.10) against an anticipated ($0.12).
New Strong Buy Stocks for July 23rd
Zacks Investment Research identified five new "Strong Buy" stocks for July 23rd, based on increases in their current year earnings estimates over the last 60 days. These companies include Pelagos Insurance Capital Limited (PLGO), Ballard Power Systems Inc. (BLDP), Summit Hotel Properties, Inc. (INN), RF Industries, Ltd. (RFIL), and Microbot Medical Inc. (MBOT). The article also mentions a special report on a "Stock Most Likely to Double" in the satellite communications sector.
Best Value Stocks to Buy for July 23rd
This article identifies three top-ranked value stocks for investors to consider on July 23rd: Pelagos Insurance Capital Limit (PLGO), Summit Hotel Properties, Inc. (INN), and RF Industries, Ltd. (RFIL). These companies are highlighted for their strong value characteristics, including favorable price-to-earnings ratios compared to their respective industries or the S&P, and positive revisions to their Zacks Consensus Estimates for earnings. Each stock holds a Zacks Rank #1, indicating strong buy potential.
