Robert W. Baird analyst Michael Bellisario maintained a Buy rating on Summit Hotel Properties (INN – Research Report) on August 2 and set a price target of $10.00. The company’s shares closed last Thursday at $8.16.
According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 6.6% and a 48.4% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Xenia Hotels & Resorts, and Apple Hospitality REIT.
Summit Hotel Properties has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
Summit Hotel Properties’ market cap is currently $1.01B and has a P/E ratio of -26.95.
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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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