Storey increased his holding by 14.01%. In addition to Storey, one other INN executive reported Buy trades in the last month.
Based on Summit Hotel Properties` latest earnings report from June 30, the company posted quarterly revenue of $120.7M and quarterly net profit of $16.2M. In comparison, last year the company earned revenue of $105.5M and had a net profit of $8.98M. INN’s market cap is $1.09B and the company has a P/E ratio of 59.7%. The company has a one year high of $14.61 and a one year low of $9.95.
Starting in November 2013, INN received 16 Buy ratings in a row. Seven different firms, including BMO Capital and Canaccord Genuity, currently also have a Buy rating on the stock.
Looking at blogger coverage of INN, there is a 100% Bullish tendency on the stock, in relation to a 69% average bullish tendency within the Financial sector.
Over the last 3 months, the insider sentiment on Summit Hotel Properties has been negative based on 25 corporate insider transactions. This sentiment is equal to the average sector sentiment of insiders.
Summit Hotel Properties Inc is a self-managed hotel investment company. The Company is engaged in acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry.