INN Stock Summary and Trading Ideas (Summit Hotel Properties | NYSE:INN)

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.

Summit Hotel Properties trades on the NYSE stock market under the symbol INN.

As of March 3, 2025, INN stock price climbed to $6.51 with 276,593 million shares trading.

INN has a beta of 0.66, meaning it tends to be less sensitive to market movements. INN has a correlation of 0.14 to the broad based SPY ETF.

INN has a market cap of $714.68 million. This is considered a Small Cap stock.

Last quarter Summit Hotel Properties reported $173 million in Revenue and $.20 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

In the last 3 years, INN traded as high as $10.36 and as low as $5.31.

The top ETF exchange traded funds that INN belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VXF.

INN has underperformed the market in the last year with a return of +3.6%, while SPY returned +17.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in INN shares. However, INN has outperformed the market in the last 3 month and 2 week periods, returning +1.1% and -0.3%, while SPY returned -1.4% and -3.5%, respectively. This indicates INN has been having a stronger performance recently.

INN support price is $6.36 and resistance is $6.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INN shares will trade within this expected range on the day.