In a report released yesterday, Michael Bellisario from Robert W. Baird maintained a Buy rating on Summit Hotel Properties (INN – Research Report), with a price target of $12.00. The company’s shares closed last Thursday at $10.63, close to its 52-week high of $11.32.
According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 13.7% and a 68.1% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Apple Hospitality REIT, and Xenia Hotels & Resorts.
Currently, the analyst consensus on Summit Hotel Properties is a Moderate Buy with an average price target of $11.38.
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The company has a one-year high of $11.32 and a one-year low of $5.51. Currently, Summit Hotel Properties has an average volume of 891.2K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INN in relation to earlier this year.
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Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are typically located in markets with multiple demand generators such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.
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