Summit Hotel Properties (INN) Earning Somewhat Negative Press Coverage, Analysis Finds

News stories about Summit Hotel Properties (NYSE:INN) have trended somewhat negative recently, according to Alpha One Sentiment. The research firm, a division of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Summit Hotel Properties earned a media sentiment score of -0.11 on Alpha One’s scale. Alpha One also assigned media coverage about the real estate investment trust an impact score of 93 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Alpha One Sentiment Analysis’s analysis:

A number of research analysts recently commented on the stock. Canaccord Genuity reiterated a “buy” rating and set a $17.00 price objective (up previously from $15.00) on shares of Summit Hotel Properties in a research note on Friday, December 23rd. Zacks Investment Research upgraded shares of Summit Hotel Properties from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, January 10th. Cantor Fitzgerald reiterated a “buy” rating on shares of Summit Hotel Properties in a research note on Thursday, February 23rd. Finally, Bank of America Corp upgraded shares of Summit Hotel Properties from an “underperform” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Summit Hotel Properties presently has a consensus rating of “Buy” and a consensus price target of $16.88.

Summit Hotel Properties (NYSE:INN) traded up 0.60% on Friday, reaching $16.77. 1,169,485 shares of the company’s stock traded hands. Summit Hotel Properties has a 52-week low of $10.99 and a 52-week high of $16.89. The firm has a market capitalization of $1.57 billion, a PE ratio of 16.77 and a beta of 1.01. The firm’s 50 day moving average price is $15.67 and its 200 day moving average price is $14.98.

Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings data on Thursday, February 23rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.27. Summit Hotel Properties had a net margin of 38.34% and a return on equity of 19.64%. The company earned $110.33 million during the quarter, compared to the consensus estimate of $110.08 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that Summit Hotel Properties will post $0.68 EPS for the current fiscal year.

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Summit Hotel Properties Company Profile

Summit Hotel Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company’s portfolio consists of 82 hotels with over 11,095 guestrooms located in 23 states.

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