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

April 5, 2018 - By Clifton Ray

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 improved, 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.
Northern has invested 0.01% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). Aperio Ltd Llc owns 31,475 shares. Gradient Investments Ltd Liability Co holds 221 shares. 3,742 were reported by West Oak Limited Liability. Clearbridge Investments Limited holds 0% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN) for 97 shares. Assetmark stated it has 0% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). Susquehanna Int Gp Llp has invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). Pacad Investment Ltd stated it has 800 shares. Zebra Cap Management Limited Com invested in 22,160 shares or 0.11% of the stock. Crow Point Ptnrs Ltd Liability Corporation accumulated 125,000 shares. State Of New Jersey Common Pension Fund D accumulated 95,000 shares. Texas Permanent School Fund has invested 0.01% in Summit Hotel Properties, Inc. (NYSE:INN). Cipher Cap L P holds 0.09% or 75,140 shares in its portfolio. Lsv Asset Mgmt invested 0.08% in Summit Hotel Properties, Inc. (NYSE:INN). Meeder Asset holds 0% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN) for 497 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 $31.50M giving it 11.42 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 0.62% or $0.085 during the last trading session, reaching $13.705. About 543,633 shares traded. Summit Hotel Properties, Inc. (NYSE:INN) has declined 15.85% since April 5, 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. RBC Capital Markets maintained the stock with “Buy” rating in Monday, February 26 report. Deutsche Bank maintained it with “Buy” rating and $16 target in Monday, February 26 report. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, October 27 report. On Monday, February 26 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Outperform” rating by Raymond James on Monday, October 30. The company was downgraded on Monday, November 20 by Janney Capital. Robert W. Baird maintained the shares of INN in report on Friday, November 10 with “Buy” rating.

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 $1.44 billion.

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

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