Summit Hotel Properties Bolsa (NYSE: INN)

Summit Hotel Properties (NYSE:INN) Bolsa

Summit Hotel Properties

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.

B of A Securities analyst Shaun Kelley maintains Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) with a Neutral and raises the price target from $5 to $5.75.

News

Price Target

Analyst Ratings

B of A Securities Maintains Neutral on Summit Hotel Properties, Raises Price Target to $5.75

Offerings

Summit Hotel Properties Files For Mixed Shelf; Size Not Disclosed

WIIM

INN stock has given up its prior loss. Summit Hotel Properties shares were trading lower. The company reported Q1 financial results.

Summit Hotel Properties shares are trading lower. The company reported Q1 financial results.

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.21 by 4.76 percent. This is a 8.33 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $184.48 million which beat the analyst consensus estimate of $184.04 million by 0.24 percent. This is a 1.95 percent decrease over sales of $188.14 million the same period last year.

Earnings

Earnings Beats

Summit Hotel Properties Q1 FFO $0.22 Beats $0.21 Estimate, Sales $184.48M Beat $184.04M Estimate

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Earnings Scheduled For April 30, 2025

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Easterly Government Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEA#NYSE">DEA</a>)</h3>
<ul>
<li>Easterly Government Properties will release its first quarter financial results on April 29. The company's stock fell around 23% over the past month and has a 52-week low of $7.79.</li>
<li>RSI Value: 23.8</li>
<li>DEA Price Action: Shares of Easterly Government Properties fell 0.8% to close at $8.30 on Tuesday.</li>
<li>Edge Stock Ratings: 18.64 Momentum score with Value at 59.92.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/DEA"><img loading="lazy" decoding="async" width="481" height="188" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061358/image-122.png" alt="" class="wp-image-873898" style="width:384px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061358/image-122.png 481w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061358/image-122-300x117.png 300w" sizes="(max-width: 481px) 100vw, 481px" /></a></figure>
<h3 class="wp-block-heading">Summit Hotel Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>Summit Hotel Properties will report financial results for the first quarter on Wednesday, April 30, after the market closes. The company's stock fell around 32% over the past month and<a href="https://www.benzinga.com/quote/INN"> has a 52-week low</a> of $3.57.</li>
<li>RSI Value: 24.6</li>
<li>INN Price Action: Shares of Summit Hotel Properties fell 1.8% to close at $3.94 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416">trend in INN stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123.png" alt="" class="wp-image-873900" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061455/image-123-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">LXP Industrial Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXP#NYSE">LXP</a>)</h3>
<ul>
<li>LXP Industrial Trust  will release its first quarter financial results before the opening bell on Thursday, May 1. The company's stock fell around 16% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/LXP">low of $6.85</a>.</li>
<li>RSI Value: 28.4</li>
<li>LXP Price Action: Shares of LXP Industrial Trust gained 0.1% to close at $7.69 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416">LXP shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0416"><img loading="lazy" decoding="async" width="877" height="430" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124.png" alt="" class="wp-image-873901" style="width:522px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16061549/image-124-768x377.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a> 
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/44811698/jim-cramer-planet-fitness-is-doing-better-than-expected-says-no-to-this-industrial-stock">Jim Cramer: Planet Fitness Is Doing Better Than Expected, Says No To This Industrial Stock</a> </li>
</ul>
Photo via Shutterstock

Long Ideas

Pre-Market Outlook

Markets

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Top 3 Real Estate Stocks That May Explode In Q2

APLE

Shares of REIT stocks are trading lower amid an overall market reversal. The sector may also be down amid a rise in the 30-year Treasury yield.

BofA Securities analyzes the extent of tariffs and the macroeconomic situation&#8217;s effect on the earnings of gaming and lodging companies.
Since BofA&#8217;s previous report on April 1, stocks in the lodging and gaming sector have dropped 11% % -25 %, underperforming the S&amp;P 500's 16% decline.
Rising tariffs have significantly increased recession risks, with the sector now pricing in an 85% % -100 % chance of a downturn.
Investor concerns have escalated from market correction to a potential full-scale recession. A tariff-driven slowdown could cut sector revenues by 2%–4% and EBITDA by 3%–8%.
Recessions differ in nature, but the past three saw average peak-to-trough GDP drops of 5.1% and 10% in RevPAR.
According to the analyst, sub-sector sensitivity varies, with regional gaming and skiing less affected, while hotels and timeshares are more exposed. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44698868/tariffs-recession-fears-could-derail-wayfair-rh-and-etsy-says-analyst">Tariffs, Recession Fears Could Derail Wayfair, RH And Etsy, Says Analyst</a>
Earnings risk is highest for gaming operators and lodging REITs due to their high operating leverage. COVID and GFC downturns lasted about 67 days; current declines are 55 days in, said the analyst.
A 1% GDP decline could reduce hotel RevPAR by 2%–4%, broader sector revenue by 2%–4%, and EBITDA by 3%–8%.
Tariffs are projected to impact GDP by 1%–1.5%, amplifying pressure on hospitality earnings.
Early data from Apple Hospitality REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) signals underperformance, with potential RevPAR guidance cuts of 2% to 3% and flat growth for the U.S. in 2025.
Domestic gaming stocks are currently trading at notably low valuations, with 2025 EBITDA multiples at 6.5x and free cash flow yields at 15%, while operating companies are at 6.3x and 20%, respectively, said the analyst.
These figures sit one standard deviation below long-term averages, hitting levels last seen in 2022 and even lower than in 2016 and 2018. 
Lodging C-Corps are also below historical norms, except for Hilton Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), which still trades at a premium.
Lodging REITs have dropped to valuation lows only previously observed during the COVID-19 and Global Financial crises.
Meanwhile, timeshare valuations are also depressed, and Vail Resorts Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is now trading at its lowest multiple since 2011.
Read Next: <a href="https://www.benzinga.com/25/04/44717332/why-is-ev-maker-mullen-automotive-stock-tanking-today">Why Is EV Maker Mullen Automotive Stock Tanking Today?</a>
Photo: Shutterstock

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BofA Flags Rising Risks For Gaming And Lodging Firms As Valuations Tumble

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is looking for FY2025 FFO of $0.90-$1.00 vs $0.97 analyst estimate..

Guidance

Summit Hotel Properties Sees FY2025 AFFO per common share $0.90-$1.00 vs $0.97 Est

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. This is a 9.09 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $172.93 million which beat the analyst consensus estimate of $172.08 million by 0.49 percent. This is a 2.54 percent decrease over sales of $177.44 million the same period last year.

Summit Hotel Properties Q4 AFFO per common share $0.20, Inline, Sales $172.93M Beat $172.08M Estimate

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• Clearway Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>) is expected to report earnings for its fourth quarter. 
• V2X (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVX#NYSE">VVX</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.10 billion. 
• Veris Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRE#NYSE">VRE</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $66.81 million. 
• GFL Environmental (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFL#NYSE">GFL</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.98 billion. 
• Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is projected to report quarterly earnings at $0.19 per share on revenue of $171.47 million. 
• Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) is estimated to report quarterly earnings at $1.88 per share on revenue of $1.29 billion. 
• Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is expected to report quarterly loss at $0.44 per share on revenue of $4.54 billion. 
• Netstreit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $43.47 million. 
• KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $2.00 billion. 
• Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $220.06 million. 
• Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) is likely to report quarterly earnings at $3.58 per share on revenue of $3.51 billion. 
• Apple Hospitality REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $324.82 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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AZUL

BCRX

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BYON

CHGG

CIVI

CLNE

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Hims & Hers Health, Inc. Class A Common Stock

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Earnings Scheduled For February 24, 2025

Summit Hotel Properties, Through Its JV With GIC, Reveal It Is Under Contract To Acquire Hampton Inn Boston - Logan Airport And Hilton Garden Inn Tysons Corner For Combined Purchase Price Of $96M

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) narrows FY2024 FFO guidance from $0.91-0.99 to $0.92-0.98 vs $0.94 analyst estimate..

Summit Hotel Properties Narrows FY2024 FFO Guidance from $0.91-0.99 to $0.92-0.98 vs $0.94 Est

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. This is unchanged from the same period last year. The company reported quarterly sales of $176.807 million which missed the analyst consensus estimate of $181.296 million by 2.48 percent. This is a 2.75 percent decrease over sales of $181.816 million the same period last year.

Earnings Misses

Summit Hotel Properties Q3 2024 FFO $0.22 Beats $0.20 Estimate, Sales $176.807M Miss $181.296M Estimate

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.27 by 7.41 percent. The company reported quarterly sales of $193.903 million which missed the analyst consensus estimate of $193.909 million by 0 percent. This is a 0.30 percent decrease over sales of $194.493 million the same period last year.

Summit Hotel Properties Q2 2024 FFO $0.29 Beats $0.27 Estimate, Sales $193.903M Miss $193.909M Estimate

Summit Hotel Properties Sees FY24 Adj. FFO $0.90-$1.00 Vs $0.92 Est.

Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.20 by 20 percent. This is a 9.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $188.142 million which beat the analyst consensus estimate of $184.847 million by 1.78 percent. This is a 3.16 percent increase over sales of $182.383 million the same period last year.

Summit Hotel Properties Q1 2024 FFO $0.24 Beats $0.20 Estimate, Sales $188.142M Beat $184.847M Estimate

U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Monday.
Shares of Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) fell sharply in today's pre-market trading after the company disclosed it estimates it could have to pay up to €1.3 billion related to its Postbank litigation.
Deutsche Bank shares dipped 7.4% to $16.46 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) shares declined 10% to $1.08 in pre-market trading.</li>
<li>Daqo New Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) shares declined 6.5% to $22.20 in pre-market trading after the company missed first-quarter EPS and sales estimates.</li>
<li>Summit Hotel Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) shares fell 4.9% to $5.83 in pre-market trading.</li>
<li>Altimmune, Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALT#NASDAQ">ALT</a>) fell 4.4% to $6.94 pre-market trading after Guggenheim downgraded the stock from Buy to Neutral.</li>
<li>Astera Labs, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) shares slipped 3.8% to $81.71 in pre-market trading after jumping over 18% on Friday.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell 3.7% to $1,235.00 in pre-market trading after gaining over 3% on Friday.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares fell 3% to $80.77 in pre-market trading after gaining around 5% on Friday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38311966/izea-worldwide-and-2-other-stocks-under-3-insiders-are-buying">IZEA Worldwide And 2 Other Stocks Under $3 Insiders Are Buying </a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Movers

ALAB

ALLG

New Oriental Education & Technology Group

MSTR

Deutsche Bank, Daqo New Energy And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Summit Hotel Properties Sees FY24 AFFO $0.90-$1.00 Vs $0.91 Est.

Press Releases

Real Estate

SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 EARNINGS RELEASE DATE

Dividends

SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2024 DIVIDENDS

Summit Hotel Properties Announces 2025 Annual Meeting of Stockholders

SUMMIT HOTEL PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE DATE

SUMMIT HOTEL PROPERTIES COMPLETES $275 MILLION DELAYED DRAW TERM LOAN FINANCING

SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2025 DIVIDENDS

SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2025 RESULTS

SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2025 EARNINGS RELEASE DATE

Management

Caliber Promotes Greg James to Chief Operating Officer

Ashford Hospitality Trust Inc Common Stock

Ashford Hospitality Trust

Apple Hospitality REIT, Inc. Common Shares

Apple Hospitality REIT

Braemar Hotels & Resorts Inc. Common Stock

Braemar Hotels & Resorts

Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest

Chatham Lodging

Diamondrock Hospitality Company Common Stock

Diamondrock Hospitality

Host Hotels & Resorts, Inc. - Common Stock

Host Hotels & Resorts

InnSuites Hospitality Trust Shares of Beneficial Interest

InnSuites Hospitality

Summit Hotel Properties, Inc. Common Stock

Pebblebrook Hotel Trust Common Shares of Beneficial Interest

Pebblebrook Hotel

Park Hotels & Resorts

Ryman Hospitality Properties, Inc. (REIT)

Ryman Hospitality Props

RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value

RLJ Lodging

Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares

Sunstone Hotel Invts

Sotherly Hotels

Sotherly Hotels Inc. - 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock

Sotherly Hotels Inc. - 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock

Service Properties Trust - Shares of Beneficial Interest

Service Properties Trust

Xenia Hotels & Resorts, Inc. Common Stock

Xenia Hotels & Resorts

Comments

Summit Hotel Properties

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