(NYSE:INN) Summit Hotel Properties Inc Down $0.01

Summit Hotel Properties Inc (NYSE:INN)

November 16th, 2018
Summit Hotel Properties Inc finished Friday’s trading session down 0.09%, a $0.01 decrease to close on $10.91. In addition to the stock finishing lower, the trading volumes were only 20% of normal which could be an indication of investor uncertainty. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.09.

INN was outperformed by the rest of the Real Estate sector which went up 0.48%.

Expectations from 7 analysts suggest that Summit Hotel Properties Inc could rise significantly (29%), while Finbox has calculated (with medium uncertainty) a fair value price of $13.41.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Energy saw the biggest increase of the day (1.11%), while Consumer Discretionary saw the biggest drop (0.75%). Healthcare has seen the biggest year-to-date gain at 10%. The biggest loss this year has been the Communication Services sector declining 11%.

Energy saw the biggest turnaround from its 5-day performance of -3.53%, as it went up 1.11%.

Sector Breakdown

  • Energy went up with a 1.11% change.
  • Healthcare went up with a 0.92% change.
  • Utilities went up with a 0.75% change.
  • Real Estate went up with a 0.48% change.
  • Information Technology went down with a -0.02% change.
  • Consumer Staples went down with a -0.06% change.
  • Materials went down with a -0.18% change.
  • Financials went down with a -0.21% change.
  • Industrials went down with a -0.26% change.
  • Communication Services went down with a -0.64% change.
  • Consumer Discretionary went down with a -0.75% change.

Summit Hotel Properties Inc Info

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. As of August 1, 2018, the Company’s portfolio consisted of 77 hotels with a total of 11,657 guestrooms located in 26 states.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Summit Hotel Properties Inc’s score is 1.09) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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