Summit Hotel Properties Inc (INN) Stock AnalysisINNSummit Hotel Properties Inc

Summit Hotel Properties, Inc. is a real estate investment trust. The Company is focused on owning premium-branded lodging facilities with operating models primarily in the upscale segment of the lodging industry. Its portfolio consists of over 92 assets, 50 of which are wholly owned, with a total of 14,027 guestrooms located in 24 states. Its lodging properties are located in markets with multiple demand generators, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. Its guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide (Hilton), Hyatt Hotels Corporation (Hyatt), and InterContinental Hotels Group (IHG). It holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Substantially, all of its assets are held by, and all of its operations are conducted through, the Operating Partnership. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

Summit Hotel Properties Inc (INN) is a good buy right now, as it has shown a 24.85% year-to-date change, indicating strong momentum. The company's recent Q2 earnings report revealed a revenue of $199 million, which was a 3.2% year-over-year increase, and an FFO of $0.29, beating expectations. However, the stock's RSI is currently at 79.119, suggesting it may be overbought, which could pose a risk for short-term volatility.

8 analysts cover INN: 7 rate it Buy, 0 Hold and 1 Sell. The average price target is 4.75.