EPS for Summit Hotel Properties, Inc. (INN) Expected At $0.34

October 2, 2018 - By Richard Conner

Summit Hotel Properties, Inc. (NYSE:INN) LogoInvestors sentiment decreased to 1.18 in 2018 Q2. Its down 0.08, from 1.26 in 2018Q1. It dropped, as 14 investors sold Summit Hotel Properties, Inc. shares while 70 reduced holdings. 26 funds opened positions while 73 raised stakes. 102.69 million shares or 0.97% more from 101.70 million shares in 2018Q1 were reported.
Cubist Systematic Strategies Llc reported 56,438 shares. Loeb Ptnrs reported 59,400 shares. Canandaigua State Bank & Tru Communications stated it has 0.04% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). Geode Cap Mngmt Ltd holds 0.01% in Summit Hotel Properties, Inc. (NYSE:INN) or 1.20 million shares. Asset Mgmt holds 0% or 42,916 shares in its portfolio. Moreover, Balyasny Asset Mngmt Ltd Liability has 0.06% invested in Summit Hotel Properties, Inc. (NYSE:INN). Ameritas Prtn holds 0.01% or 8,982 shares. Renaissance Tech Ltd Liability Corporation has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN) for 320,552 shares. Bnp Paribas Arbitrage invested 0% in Summit Hotel Properties, Inc. (NYSE:INN). Eaton Vance owns 24,384 shares. 17,006 are owned by Proshare Advsrs Lc. Old Second Bankshares Of Aurora stated it has 5,886 shares or 0.03% of all its holdings. Legal And General Public Ltd Limited Liability Company reported 530,093 shares stake. Moreover, Pnc Services Inc has 0% invested in Summit Hotel Properties, Inc. (NYSE:INN). Glenmede Trust Na holds 0% or 278 shares in its portfolio.

Analysts expect Summit Hotel Properties, Inc. (NYSE:INN) to report $0.34 EPS on October, 29.They anticipate $0.01 EPS change or 2.86 % from last quarter’s $0.35 EPS. INN’s profit would be $35.72 million giving it 9.90 P/E if the $0.34 EPS is correct. After having $0.40 EPS previously, Summit Hotel Properties, Inc.’s analysts see -15.00 % EPS growth. The stock decreased 0.52% or $0.07 during the last trading session, reaching $13.46. About 631,032 shares traded or 29.62% up from the average. Summit Hotel Properties, Inc. (NYSE:INN) has declined 11.82% since October 2, 2017 and is downtrending. It has underperformed by 27.44% the S&P500.

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the upscale segment of the lodging industry. The company has market cap of $1.41 billion.

Summit Hotel Properties, Inc. (NYSE:INN) Institutional Positions Chart

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