The stock increased 0.84% or $0.15 during the last trading session, hitting $19.75. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/02/summit-hotel-properties-inc-inn-stock-rating-upgraded-by-zacks-investment-research.html. It has outperformed by 12.92% the S&P500.
MFS Investment Grade Municipal Trust is a diversified closed-end management investment company. Orca Investment Management Llc who had been investing in Weyerhaeuser Co Reit for a number of months, seems to be less bullish one the $24.40B market cap company. They now have a United States dollars 20 price target on the stock. It now has negative earnings. Peak6 Invests L P invested in 0% or 4,647 shares. Out of 8 Wall Street analysts rating Summit Hotel Properties, 7 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Therefore 88% are positive. The company has an average rating of "Buy" and a consensus target price of $18.19. Finally, Cantor Fitzgerald reissued a "buy" rating and issued a $18.00 target price (up from $17.00) on shares of Summit Hotel Properties in a research report on Friday, May 12th. State Board Of Administration Of Florida Retirement holds 0% of its portfolio in Summit Hotel Properties Inc (NYSE:INN) for 28,059 shares. The firm has "Buy" rating by RBC Capital Markets given on Thursday, June 22. Finally, Deutsche Bank AG reduced their price objective on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, July 21st. FBR Capital has "Mkt Perform" rating and $77 target. The stock has "Buy" rating by Cantor Fitzgerald on Thursday, June 29.
2/14/2017-Canaccord Genuity Reiterated Rating of Hold. The rating was initiated by BB&T Capital on Friday, January 8 with "Buy". Vanguard Group Inc. now owns 19,251,397 shares of the real estate investment trust's stock valued at $557,328,000 after buying an additional 1,393,862 shares in the last quarter.
According to Zacks, "Summit Hotel Properties, Inc.is a publicly traded real estate investment trust focused primarily on owning premium-branded, select-service hotels in the upscale and upper midscale segments of the lodging industry". It has a 22.44 P/E ratio. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).
Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.17, from 1.01 in 2016Q3.
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Horizon Investment Services Llc decreased its stake in Summit Hotel Pptys (INN) by 91.22% based on its latest 2016Q4 regulatory filing with the SEC. Also Prnewswire.com published the news titled: "Summit Hotel Properties Declares Second Quarter 2017 Dividends" on July 28, 2017. About 1.11M shares traded. Moreover, Secor Capital Advisors Lp has 0.93% invested in the company for 477,243 shares. Schwab Charles Investment Mgmt accumulated 0.01% or 594,098 shares.
Summit Hotel Properties (INN) opened at 18.08 on Monday. Blackrock Inv Management accumulated 480,944 shares. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Summit Hotel Properties by 0.4% in the first quarter. Shelton Capital owns 184,083 shares. Massmutual Fsb Adv holds 0% or 3,206 shares in its portfolio. Principal Finance Group Inc, a Iowa-based fund reported 590,808 shares. Alliancebernstein Limited Partnership stated it has 86,179 shares or 0.01% of all its holdings. Skylands Cap Ltd holds 63,120 shares or 0.29% of its portfolio. Moreover, Pitcairn has 0.08% invested in Summit Hotel Properties Inc (NYSE:INN) for 40,385 shares.
It closed at $10.15 lastly. LHO comes in with a P/S ratio of 2.84 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (5.57) and its peers (10.78).
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Shares recently hit the 12.37 mark, and were seen trading 8.82% away from the 200-day moving average at the time of writing. The company has mean EPS estimate of 0.26 reported by 4 number of analyst for the quarter ending Current Qtr.(Jun2017).
Teachers Advisors LLC's holdings in Signet Jewelers Limited were worth $6,960,000 at the end of the most recent reporting period. Research Firm Zacks boosted Signet Jewelers from a "sell" recommendation to a "hold" recommendation in a analysis report on Tue.
As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Jane Street Group LLC's holdings in Burlington Stores were worth $278,000 at the end of the most recent reporting period.
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