Robert W. Baird analyst Michael Bellisario maintained a Buy rating on Summit Hotel Properties (NYSE:INN) on Tuesday, setting a price target of $12, which is approximately 21.83% above the present share price of $9.85.
Bellisario expects Summit Hotel Properties to post earnings per share (EPS) of -$0.45 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Summit Hotel Properties, with an average price target of $12.
The analysts price targets range from a high of $12 to a low of $12.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $48.23 million and a net profit of -$33.7 million. The company's market cap is $1.04 billion.
According to TipRanks.com, Robert W. Baird analyst Michael Bellisario is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.8% and a 59.38% success rate.
Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are typically located in markets with multiple demand generators such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.