Summit Hotel Properties, Inc. $INN Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its position in shares of Summit Hotel Properties, Inc. (NYSE:INN) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 810,437 shares of the real estate investment trust’s stock after selling 124,585 shares during the period. Systematic Financial Management LP owned about 0.74% of Summit Hotel Properties worth $3,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in INN. Quarry LP acquired a new stake in shares of Summit Hotel Properties during the third quarter worth about $35,000. BNP Paribas Financial Markets increased its position in shares of Summit Hotel Properties by 53.6% during the second quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,773 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Summit Hotel Properties by 148.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 6,442 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Summit Hotel Properties during the fourth quarter worth about $58,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Summit Hotel Properties during the third quarter worth about $64,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

Summit Hotel Properties Price Performance

Shares of INN opened at $5.60 on Monday. 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 stock’s 50 day moving average is $4.78 and its two-hundred day moving average is $4.81. Summit Hotel Properties, Inc. has a twelve month low of $3.97 and a twelve month high of $6.00. The firm has a market capitalization of $606.30 million, a PE ratio of -19.29 and a beta of 1.25.

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

Summit Hotel Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 5.7%. Summit Hotel Properties’s payout ratio is presently -110.34%.

Analysts Set New Price Targets

Several research firms have commented on INN. Wall Street Zen raised Summit Hotel Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Summit Hotel Properties in a 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 issued a Sell rating to the company. According to MarketBeat, Summit Hotel Properties has a consensus rating of “Reduce” and an average price target of $5.00.

Summit Hotel Properties 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.