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Sunday, December 3, 2023

Summit Hotel Properties Inc (NYSE: INN) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Summit Hotel Properties Inc (INN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -2.04%, to $6.25. The Summit Hotel Properties Inc has recorded 409,975 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Innocan Pharma Announces Promising LPT-CBD Safety Indications -Implications from a prolong use in animals.

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Stocks Info

Summit Hotel Properties Inc is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $6.38 and fluctuated between $6.43 as its day high and $6.16 as its day low. The current market capitalization of Summit Hotel Properties Inc is $686.36M. A total of 1.91 million shares were traded on the day, compared to an average of 1.14M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. INN’s most recent ex-dividend date was 11/15/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 11/30/2023. Previously, the company paid the dividend on 8/31/2023 with an ex-dividend date of 8/16/2023. The INN stock dividend was $0.06 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for INN in the last 3 months, the mean price target is $8.00 with high estimates of $10.00 and low estimates of $6.00. In terms of 52-week highs and lows, INN has a high of $8.81 and a low of $5.31.

As of this writing, INN has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 3 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $8.76, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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