Summit Hotel Properties, Inc. (INN) Given Average Recommendation of "Buy" by Brokerages

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Summit Hotel Properties, Inc. (INN) Given Average Recommendation of

Brokerages expect that LaSalle Hotel Properties (NYSE:LHO) will post $294.68 million in sales for the current quarter, Zacks reports. Summit Hotel Properties Inc. now has $1.86 billion valuation. The highest sales estimate is $302.08 million and the lowest is $289.56 million. For the next year, analysts expect that the business will report sales of $559.35 million per share, with estimates ranging from $553.98 million to $564.65 million. Equities analysts anticipate that LaSalle Hotel Properties will post $1.67 EPS for the current fiscal year.

01/06/2017 - LaSalle Hotel Properties had its " rating reiterated by analysts at Stifel Nicolaus.

First Citizens Bank & Trust Co. decreased its stake in shares of Summit Hotel Properties, Inc. LaSalle Hotel Properties had a net margin of 27.85% and a return on equity of 13.05%. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.82 by $0.01. (NYSE:INN) was downgraded by analysts at UBS AG from an "outperform" rating to a "market perform" rating in a research note issued to investors on Friday, July 14th, The Fly reports. Robert W. Baird restated an "outperform" rating and set a $18.00 price target (up previously from $17.00) on shares of Summit Hotel Properties in a report on Friday, June 16th. BidaskClub upgraded LaSalle Hotel Properties from a "hold" rating to a "buy" rating in a research note on Tuesday, June 13th. They set a "neutral" rating and a $27.00 target price on the stock. The company was initiated on Monday, April 10 by Goldman Sachs. (The) initiated coverage on LaSalle Hotel Properties in a report on Monday, April 10th. They now have a United States dollars 27 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. The average 1-year price target for (LHO) reveals an average price target of $29.31 per share. The company's institutional ownership is monitored at 98.3 percent. Vanguard Group Inc. increased its stake in shares of Summit Hotel Properties by 6.0% in the first quarter.

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. LS Investment Advisors LLC boosted its position in Summit Hotel Properties by 161.8% in the first quarter. Russell Investments Group Ltd. now owns 1,238,948 shares of the real estate investment trust's stock valued at $35,862,000 after buying an additional 234,609 shares during the period. As of December 31, 2016, the Company's properties included Hotel Amarano Burbank; Hilton San Diego Gaslamp Quarter; Hotel Solamar; San Diego Paradise Point Resort and Spa; The Hilton San Diego Resort and Spa; Harbor Court Hotel; The Marker San Francisco; Chamberlain West Hollywood; Le Montrose Suite Hotel; The Grafton on Sunset; Hotel George; Hotel Rouge; Mason & Rook Hotel; The Donovan; The Liaison Capitol Hill; The Marker Waterfront Resort; Hotel Chicago; Onyx Hotel; Park Central Hotel New York; The Heathman Hotel; Westin Philadelphia, and Lansdowne Resort. Neuburgh Advisers LLC increased its stake in LaSalle Hotel Properties by 2.2% in the first quarter. Virginia Retirement Systems ET AL now owns 62,600 shares of the real estate investment trust's stock valued at $1,812,000 after buying an additional 52,600 shares during the period. First Citizens Bank & Trust Co.'s holdings in Summit Hotel Properties were worth $257,000 at the end of the most recent quarter.

Shares of LaSalle Hotel Properties (LHO) traded up 0.07% during midday trading on Friday, reaching $29.56. During the session shares traded on above-average volume. After having $0.32 EPS previously, Summit Hotel Properties Inc's analysts see 12.50% EPS growth. The firm has a 50-day moving average of $30.30 and a 200-day moving average of $29.53. The stock has a market capitalization of $1.67 billion, a PE ratio of 22.02 and a beta of 1.18.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date was Wednesday, June 28th.

01/09/2017 - LaSalle Hotel Properties was upgraded to " by analysts at Raymond James. Summit Hotel Properties's payout ratio is now 85.00%. If you are reading this piece on another site, it was illegally stolen and reposted in violation of worldwide copyright and trademark law.

The next payable dividend for Summit Hotel Properties, Inc.is scheduled for 8/31/2017. The Company's portfolio consists of 81 hotels with a total of 11,608 guestrooms located in 24 states.

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