Summit Hotel Properties, Inc. (NYSE:INN) Reviewed By Analysts

Cheryl Sanders
May 28, 2017

The company has market cap of $9.01 billion. The Firm operates in four divisions: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. It has a 22.49 P/E ratio. The Engineering and Construction segment serves clients working in architecture, engineering, construction, geospatial and government.

LaSalle Hotel Properties (LHO) belongs to the "Financial" sector with an industry focus on "REIT - Hotel/Motel", with Mr. Michael D. Barnello as Chief Exec. Officer, Pres and Trustee. US Bancorp DE boosted its position in shares of Summit Hotel Properties by 1.8% in the third quarter. BlackRock Fund Advisors now owns 6,408,332 shares of the real estate investment trust's stock valued at $152,967,000 after buying an additional 356,265 shares in the last quarter. Goldman Sachs Group Inc began coverage on LaSalle Hotel Properties in a research report on Monday, April 10th. The stock decreased 0.72% or $0.21 during the last trading session, reaching $29.03. The average volume for LaSalle Hotel Properties (NYSE:LHO) has been 1.44 million shares per day over the past 30 days. It has outperformed by 32.17% the S&P500. Russell Investments Group Ltd. raised its stake in shares of LaSalle Hotel Properties by 23.4% in the first quarter. Lodge Hill Capital Llc owns 752,500 shares or 2.89% of their U.S. portfolio. Moreover, Rhumbline Advisers has 0.01% invested in Summit Hotel Properties Inc (NYSE:INN) for 133,647 shares. The Massachusetts-based Telemark Asset Management Llc has invested 2.63% in the stock.

Analysts await Trimble Inc (NASDAQ:TRMB) to report earnings on August, 1. During the same period in the prior year, the company earned $0.67 EPS. MTRN's profit will be $7.97 million for 21.63 P/E if the $0.40 EPS becomes a reality. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.01. The company has Beta Value of 1.14 and ATR value of 0.35.


Ratings analysis reveals 50% of Trimble's analysts are positive. Finally, Deutsche Bank AG raised their price target on Summit Hotel Properties from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday. The lowest target is $24.0 while the high is $33.0. 1,591,235 shares of the company traded hands. TRMB was included in 4 notes of analysts from November 4, 2016. Arizona State Retirement Sys holds 44,990 shares.

The stock of Summit Hotel Properties Inc (NYSE:INN) is a huge mover today! Dougherty & Company maintained Trimble Inc (NASDAQ:TRMB) rating on Friday, November 4. They set a "neutral" rating and a $27.00 target price for the company. About 1 shares traded. It has outperformed by 31.27% the S&P500.

California Public Employees Retirement System increased its stake in shares of LaSalle Hotel Properties by 1.7% in the third quarter. Its the same as in 2016Q3. Ameritas Investment Partners Inc. acquired a new stake in shares of Summit Hotel Properties during the first quarter valued at approximately $119,000.


The number of shares now held by investors is 113.22 Million. Salem Counselors Inc holds 0% or 12,476 shares. Legal General Gru Public Limited stated it has 311,393 shares or 0% of all its holdings.

Summit Hotel Properties Inc (NYSE:INN) opened at 18.04 on Friday. Fortaleza Asset Mngmt invested in 0.26% or 2,570 shares.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, LHO earned gross profit of 383.18 Million, in 2015 426.62 Million gross profit, while in 2016 LaSalle Hotel Properties (LHO) produced 435.98 Million profit. Profund Limited Liability Company holds 0.01% or 16,470 shares in its portfolio. Advantus Mgmt has invested 0.12% of its portfolio in LaSalle Hotel Properties (NYSE:LHO).


A number of large investors have recently modified their holdings of LHO. The stock of Summit Hotel Properties Inc (NYSE:INN) has "Buy" rating given on Thursday, March 10 by Janney Capital. Manufacturers Life The reported 0% of its portfolio in Summit Hotel Properties Inc (NYSE:INN). Therefore 16% are positive. RBC Capital Markets maintained the shares of INN in report on Monday, January 4 with "Outperform" rating. The rating was downgraded by Bank of America on Tuesday, July 21 to "Underperform".

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