In a report released today, Dany Asad from Bank of America Securities maintained a Sell rating on Summit Hotel Properties (INN – Research Report). The company’s shares opened today at $6.19.
According to TipRanks, Asad is a 2-star analyst with an average return of 3.6% and a 20.00% success rate.
Summit Hotel Properties has an analyst consensus of Moderate Sell, with a price target consensus of $6.00.
The company has a one-year high of $7.05 and a one-year low of $5.21. Currently, Summit Hotel Properties has an average volume of 757.3K.
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Summit Hotel Properties (INN) Company Description:
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.
