Summit Hotel Properties (NYSE:INN) Updates FY 2026 Earnings Guidance

Summit Hotel Properties (NYSE:INN) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.790-0.850 for the period, compared to the consensus earnings per share estimate of 0.740. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INN shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Summit Hotel Properties in a research note on Monday, June 8th. Zacks Research raised Summit Hotel Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised 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 Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.40.

Summit Hotel Properties Stock Down 1.2%

Shares of NYSE INN traded down $0.09 during mid-day trading on Wednesday, hitting $6.80. The company had a trading volume of 788,149 shares, compared to its average volume of 1,317,536. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.16. The firm has a 50-day simple moving average of $6.53 and a two-hundred day simple moving average of $5.33. The company has a market capitalization of $737.39 million, a PE ratio of -23.47 and a beta of 1.26. Summit Hotel Properties has a one year low of $3.97 and a one year high of $7.17.

Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. Summit Hotel Properties had a negative return on equity of 1.03% and a negative net margin of 1.75%.The firm had revenue of $199.02 million during the quarter, compared to analysts’ expectations of $198.41 million. Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. On average, equities analysts expect that Summit Hotel Properties will post 0.75 EPS for the current year.

Summit Hotel Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 17th. Summit Hotel Properties’s dividend payout ratio is presently -110.34%.

Hedge Funds Weigh In On Summit Hotel Properties

Institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its holdings in Summit Hotel Properties by 18.9% during the 3rd quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock valued at $38,079,000 after purchasing an additional 1,102,102 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Summit Hotel Properties by 87.2% during the 4th quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock worth $3,772,000 after buying an additional 360,800 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Summit Hotel Properties by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock valued at $12,383,000 after acquiring an additional 279,823 shares during the period. Jane Street Group LLC lifted its position in Summit Hotel Properties by 275.3% during the fourth quarter. Jane Street Group LLC now owns 352,069 shares of the real estate investment trust’s stock worth $1,715,000 after acquiring an additional 258,261 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Summit Hotel Properties in the 4th quarter valued at $1,205,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

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.