Summit Hotel Properties, Inc. $INN Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Summit Hotel Properties, Inc. (NYSE:INN) by 102.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,884 shares of the real estate investment trust’s stock after buying an additional 91,335 shares during the quarter. Intech Investment Management LLC owned 0.17% of Summit Hotel Properties worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INN. Amundi grew its position in Summit Hotel Properties by 3.4% during the first quarter. Amundi now owns 109,185 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 3,623 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Summit Hotel Properties by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,254 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 2,528 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Summit Hotel Properties by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 721,875 shares of the real estate investment trust’s stock worth $3,905,000 after buying an additional 9,879 shares during the period. Jane Street Group LLC grew its position in Summit Hotel Properties by 1.7% during the first quarter. Jane Street Group LLC now owns 165,679 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 2,793 shares during the period. Finally, Strs Ohio acquired a new position in Summit Hotel Properties during the first quarter worth about $102,000. 96.47% of the stock is currently owned by institutional investors and hedge funds.

Summit Hotel Properties Stock Performance

Shares of INN opened at $5.75 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $622.53 million, a price-to-earnings ratio of -19.81 and a beta of 1.29. The company’s 50 day simple moving average is $5.09 and its 200 day simple moving average is $4.84. Summit Hotel Properties, Inc. has a 1 year low of $3.97 and a 1 year high of $6.04.

Summit Hotel Properties (NYSE:INN) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $185.05 million for the quarter, compared to the consensus estimate of $180.51 million. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.03%. Summit Hotel Properties has set its FY 2026 guidance at 0.750-0.850 EPS. On average, sell-side analysts predict that Summit Hotel Properties, Inc. will post 0.72 EPS for the current year.

Summit Hotel Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 5.6%. Summit Hotel Properties’s dividend payout ratio is presently -110.34%.

Analyst Upgrades and Downgrades

INN has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research upgraded shares of Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings upgraded shares of Summit Hotel Properties from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $5.00.

About Summit Hotel Properties

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.