Summit Hotel Properties found using ticker (INN) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12.5 and 10.5 and has a mean target at 11.67. Given that the stocks previous close was at 9.11 this would indicate that there is a potential upside of 28.1%. The 50 day MA is 9.03 and the 200 moving average now moves to 9.72. The market capitalisation for the company is $970m. Company Website: http://www.shpreit.com
Summit Hotel Properties is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company’s portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
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