Summit Hotel Properties (NYSE:INN) Posts Earnings Results, Beats Expectations By $0.02 EPS

02 May 2026, 13:02 by Scott Moore · The Cerbat Gem

Summit Hotel Properties (NYSE:INN – Get Free Report) issued its quarterly earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02, Zacks reports. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.02%. The company had revenue of $185.05 million during the quarter, compared to the consensus estimate of $180.51 million. Summit Hotel Properties updated its FY 2026 guidance to 0.750-0.850 EPS.

Summit Hotel Properties Trading Up 3.9%

NYSE INN traded up $0.20 on Friday, hitting $5.17. The company’s stock had a trading volume of 1,005,085 shares, compared to its average volume of 788,319. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.14. Summit Hotel Properties has a 1-year low of $3.97 and a 1-year high of $6.00. The company’s 50-day moving average is $4.50 and its 200 day moving average is $4.81. The firm has a market cap of $561.95 million, a PE ratio of -22.46 and a beta of 1.25.

Summit Hotel Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, May 15th. Summit Hotel Properties’s dividend payout ratio is currently -139.13%.

Hedge Funds Weigh In On Summit Hotel Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its position in Summit Hotel Properties by 18.9% in the 3rd quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock valued at $38,079,000 after acquiring an additional 1,102,102 shares during the period. State Street Corp increased its position in Summit Hotel Properties by 1.2% in the 4th quarter. State Street Corp now owns 4,911,087 shares of the real estate investment trust’s stock valued at $23,917,000 after acquiring an additional 56,090 shares during the period. Charles Schwab Investment Management Inc. increased its position in Summit Hotel Properties by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock valued at $12,383,000 after acquiring an additional 279,823 shares during the period. Dimensional Fund Advisors LP increased its position in Summit Hotel Properties by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,506,061 shares of the real estate investment trust’s stock valued at $7,334,000 after acquiring an additional 26,493 shares during the period. Finally, Invesco Ltd. increased its position in Summit Hotel Properties by 87.2% in the 4th quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock valued at $3,772,000 after acquiring an additional 360,800 shares during the period. 96.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $6.00 price target on shares of Summit Hotel Properties and gave the stock a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of Summit Hotel Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Friday, March 27th. Finally, Zacks Research upgraded shares of Summit Hotel Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $5.00.

Check Out Our Latest Stock Report on Summit Hotel Properties

Trending Headlines about Summit Hotel Properties

Here are the key news stories impacting Summit Hotel Properties this week:

Positive Sentiment: Q1 results beat FFO/AFFO and revenue estimates — AFFO (FFO) of $0.21 per share topped consensus and revenue came in above analyst projections, showing improving operating performance. Summit Hotel Properties (INN) Surpasses Q1 FFO and Revenue Estimates
Positive Sentiment: Management raised FY2026 EPS guidance to $0.75–$0.85 (above the prior consensus ~$0.73), signaling confidence in cash‑flow recovery for the year. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
Positive Sentiment: Operational metrics improved: management highlighted positive RevPAR growth in Q1 (better than expected) and reported operating income of ~$14.1M and AFFO of $25.5M — evidence RevPAR momentum is translating to cash flow. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
Positive Sentiment: Capital recycling: the company announced an agreement to sell the Courtyard and Residence Inn Dallas (Arlington South), consistent with a strategy to monetize non-core assets and strengthen the balance sheet. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
Neutral Sentiment: Company and sell‑side commentary expect modest full‑year RevPAR growth (management/analysts ~0.5%–3% for 2026), though they noted pockets of stronger demand tied to event-driven activity (World Cup trends). That implies uneven recovery — tailwinds for some markets, muted for others. Summit hotel properties forecasts 0.5% to 3% 2026 RevPAR growth as World Cup pace trends up high teens
Neutral Sentiment: Full earnings and management commentary (call/transcripts and slide deck) are available for detail; investors can review commentary on mix/market performance and capital allocation. Summit Hotel Properties, Inc. (INN) Q1 2026 Earnings Call Transcript Summit Hotel (INN) Q1 2026 Earnings Transcript
Negative Sentiment: Profitability and leverage remain concerns: the company still reports a negative net margin and negative ROE, and leverage (debt/equity) is meaningful — factors that could limit upside if RevPAR recovery slows. SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS

About Summit Hotel Properties

(Get Free Report)

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.