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Robert W. Baird Keeps Their Hold Rating on Summit Hotel Properties (INN)

Tipranks - Tipranks - Tue Jan 13, 6:56PM CST

Robert W. Baird analyst Michael Bellisario maintained a Hold rating on Summit Hotel Properties yesterday and set a price target of $5.00.

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Bellisario covers the Real Estate sector, focusing on stocks such as Summit Hotel Properties, Apple Hospitality REIT, and Diamondrock. According to TipRanks, Bellisario has an average return of 5.2% and a 51.45% success rate on recommended stocks.

Currently, the analyst consensus on Summit Hotel Properties is a Moderate Sell with an average price target of $4.75.

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Based on Summit Hotel Properties’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $177.12 million and a GAAP net loss of $6.68 million. In comparison, last year the company earned a revenue of $176.81 million and had a net profit of $352 thousand

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INN in relation to earlier this year. Earlier this month, Mehulkumar Bhikhubhai Patel, a Director at INN sold 25,000.00 shares for a total of $121,000.00.

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