Summit Hotel Properties (INN) : During the past 4 weeks, traders have been relatively bearish on Summit Hotel Properties (INN), hence the stock is down -5.09% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5% relative to the S&P 500. The 4-week change in the price of the stock is -5.6% and the stock has fallen -4.84% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 5.2%.The 200 Day SMA reached 8.24%
Summit Hotel Properties (NYSE:INN): The stock opened in the green at $13.33 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $13.33 and a low of $13.05 for the day. The stock did not find buyers even at the lows and closed at $13.16 recording a loss of -0.68%. 600,339 shares exchanged hands during the trading day. The stock had closed at $13.16 in the previous days trading.
Summit Hotel Properties (INN) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $13. The average forecast of all the analysts is $14.64 and the expected standard deviation is $0.85.
Summit Hotel Properties, Inc. (Summit REIT) is a real estate investment trust (REIT). The Company is a self-managed hotel investment company. It focuses primarily on acquiring and owning select-service hotels in the upscale and upper-midscale segments of the United States lodging industry. As of July 8, 2015, the Companys portfolio included 93 hotels with a total of 11,933 guestrooms located in 23 states. Approximately 61 of its hotel properties with 8,169 guestrooms are categorized as upscale hotels and 29 of its hotel properties with 3,294 guestrooms are categorized as upper-midscale hotels. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Over 97.4% of the Companys hotel guestrooms operate under franchise brands owned by Marriott, Hilton, IHG and an affiliate of Hyatt. Its hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions.