Summit Hotel Properties, Inc. (INN) EPS Estimated At $0.30

April 26, 2018 - By Adrian Mccoy

Summit Hotel Properties, Inc. (NYSE:INN) LogoInvestors sentiment increased to 1.25 in 2017 Q4. Its up 0.27, from 0.98 in 2017Q3. It increased, 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.
Meeder Asset Management Incorporated holds 0% or 497 shares in its portfolio. California State Teachers Retirement Sys reported 163,491 shares. Public Employees Retirement System Of Ohio holds 0.01% in Summit Hotel Properties, Inc. (NYSE:INN) or 200,889 shares. Blair William Il holds 0% or 17,648 shares. Invesco Limited invested in 1.02 million shares or 0.01% of the stock. Voya Mgmt Ltd Liability Co holds 45,642 shares or 0% of its portfolio. Asset One Com holds 0.01% or 214,065 shares. Schroder Invest Gp owns 96,096 shares. Schwab Charles Investment Mngmt Inc holds 0.01% in Summit Hotel Properties, Inc. (NYSE:INN) or 1.23M shares. Wasatch Inc holds 866,239 shares. France-based Exane Derivatives has invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). Regions Fin stated it has 0% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). The Illinois-based Balyasny Asset Mngmt has invested 0.01% in Summit Hotel Properties, Inc. (NYSE:INN). 201,064 are owned by Lincluden Management Ltd. Moreover, Credit Suisse Ag has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN).

Analysts expect Summit Hotel Properties, Inc. (NYSE:INN) to report $0.30 EPS on May, 2 after the close.They anticipate $0.02 EPS change or 6.25 % from last quarter’s $0.32 EPS. INN’s profit would be $31.50M giving it 12.15 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. It closed at $14.58 lastly. It is down 15.85% since April 26, 2017 and is downtrending. It has underperformed by 27.40% the S&P500.

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

Among 7 analysts covering Summit Hotel Properties (NYSE:INN), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Summit Hotel Properties had 8 analyst reports since October 30, 2017 according to SRatingsIntel. Deutsche Bank maintained Summit Hotel Properties, Inc. (NYSE:INN) rating on Monday, February 26. Deutsche Bank has “Buy” rating and $16 target. The rating was upgraded by Bank of America to “Buy” on Thursday, April 12. The company was maintained on Friday, October 27 by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Monday, February 26. The company was maintained on Friday, November 10 by Robert W. Baird. The firm has “Buy” rating given on Monday, February 26 by Robert W. Baird. The firm has “Outperform” rating given on Monday, October 30 by Raymond James. The stock of Summit Hotel Properties, Inc. (NYSE:INN) earned “Neutral” rating by Janney Capital on Monday, November 20.

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 $1.53 billion.

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

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