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Tuesday, September 26, 2023

Is Summit Hotel Properties Inc. (NYSE: INN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Summit Hotel Properties Inc. (INN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.81. The Summit Hotel Properties Inc. has recorded 20,454 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Innocan Pharma Announces Clinical Study Results: Evidence of Reduced Osteoarthritis Pain in Dogs After Liposomal CBD Injection.

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Stocks Info

INN belongs to the Real Estate sector of the NYSE while operating in the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $5.81 and fluctuated between $5.91 as its day high and $5.80 as its day low. The current market capitalization of Summit Hotel Properties Inc. is $624.98M. A total of 0.44 million shares were traded on the day, compared to an average of 810.52K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, INN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 9 SELLs from insiders. Insiders purchased 849,855 shares during that period but sold 163,441.

In the most recent transaction, Stanner Jonathan P bought 21,870 shares of INN for 6.90 per share on Mar 16. After the transaction, the President, CEO & Director now owns 1,217,705 company shares. In a previous transaction on Mar 16, Taitz Hope S bought 5,000 shares at 6.89 per share. INN shares that Director owns now total 64,965.

Among the insiders who sold shares, Patel Mehulkumar Bhikhubhai disposed of 3,000 shares on Nov 23 at a per-share price of $8.41. This resulted in the Director holding 11,899 shares of INN after the transaction.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. INN’s most recent ex-dividend date was 8/16/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 8/31/2023. Previously, the company paid the dividend on 5/31/2023 with an ex-dividend date of 5/16/2023. The INN stock dividend was $0.06 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for INN in the last 3 months, the mean price target is $8.25 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, INN has a high of $8.81 and a low of $5.42.

As of this writing, INN has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.1. The company reported an EPS of -$0.05 in the last quarter, which was 28.60% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. INN’s latest balance sheet shows that the firm has $64.48M in Cash & Short Term Investments as of fiscal 2021. There were $1.09B in debt and $70.68M in liabilities at the time. Its Book Value Per Share was $8.99, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INN is Buy with a score of 3.40.

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