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

Summit Hotel Properties (NYSE:INN) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.750-0.850 for the period, compared to the consensus EPS estimate of 0.730. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $6.00 price objective on shares of Summit Hotel Properties and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research raised 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 reissued a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.00.

Summit Hotel Properties Trading Up 3.9%

Summit Hotel Properties stock traded up $0.20 during trading hours on Friday, hitting $5.17. The company had a trading volume of 1,005,085 shares, compared to its average volume of 1,214,749. The firm has a market cap of $561.95 million, a P/E ratio of -22.46 and a beta of 1.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.70 and a current ratio of 0.70. Summit Hotel Properties has a 1 year low of $3.97 and a 1 year high of $6.00. The company has a 50-day moving average price of $4.50 and a two-hundred day moving average price of $4.81.

Summit Hotel Properties (NYSE:INN) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.24). The company had revenue of $174.96 million during the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties had a negative net margin of 0.87% and a negative return on equity of 0.50%. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. On average, sell-side analysts anticipate that Summit Hotel Properties will post 0.72 earnings per share for the current year.

Summit Hotel Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 6.2%. Summit Hotel Properties’s payout ratio is currently -139.13%.

Institutional Investors Weigh In On Summit Hotel Properties

Several large investors have recently modified their holdings of INN. Quarry LP bought a new stake in shares of Summit Hotel Properties in the 3rd quarter valued at about $35,000. CIBC Asset Management Inc bought a new stake in shares of Summit Hotel Properties in the 4th quarter valued at about $52,000. Corient Private Wealth LLC bought a new stake in shares of Summit Hotel Properties in the 4th quarter valued at about $52,000. Tower Research Capital LLC TRC raised its holdings in shares of Summit Hotel Properties by 148.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 6,442 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Summit Hotel Properties by 53.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 3,773 shares in the last quarter. Institutional investors own 96.47% of the company’s stock.

Summit Hotel Properties Company Profile

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.