Summit Hotel Properties, Inc.

Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is projected to report quarterly earnings at $0.14 per share on revenue of $505.61 million.

Baird analyst Michael Bellisario downgrades Summit Hotel Properties (NYSE:INN) from Outperform to Neutral and lowers the price target from $10 to $8.

Summit Hotel Properties (NYSE:INN) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $(0.01) by 2600 percent. This is a 31.58 percent increase over earnings of $0.19 per share

Companies Reporting Before The Bell • Nomura Holdings (NYSE:NMR) is likely to report earnings for its second quarter.

Summit Hotel Properties (NYSE:INN) is set to give its latest quarterly earnings report on Wednesday, 2022-11-02. Here's what investors need to know before the announcement. Analysts estimate that Summit Hotel Properties will report an earnings per share (EPS) of $-0.01.

Deutsche Bank analyst Chris Woronka maintains Summit Hotel Properties (NYSE:INN) with a Buy and lowers the price target from $14 to $11.

After weeks of intense and relentless selling, have real estate investment trusts (REITs) finally bottomed? No one can say for sure, but REITs in general had a very good day Monday with some of the best up moves in awhile. The following five REITs easily outperformed the Standard & Poor’s 500 on Monday, and that benchmark index was up 2.65%.

Almost every sub-sector of REITs has been hit hard in 2022 as inflation and recession worries have taken their toll on markets. Hotel REITs have been one of the worst REIT performers during this time. Many in the group are down 40% or more and several of these hotel REITs have recently touched 52-week lows.

Capital One analyst Neil Malkin downgrades Summit Hotel Properties (NYSE:INN) from Overweight to Equal-Weight and lowers the price target from $14 to $10.