157,266 Shares in Summit Hotel Properties, Inc. (NYSE:INN) Purchased past Qube Research & Technologies Ltd

Posted by on Aug 15th, 2022

Qube Inquiry & Technologies Ltd acquired a new stake in Summit Hotel Properties, Inc. (NYSE:INN – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Committee. The fund acquired 157,266 shares of the real estate investment trust's stock, valued at approximately $i,566,000. Qube Research & Technologies Ltd owned approximately 0.fifteen% of Summit Hotel Backdrop at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Summit Hotel Properties in the quaternary quarter valued at approximately $47,000. Citigroup Inc. boosted its holdings in Summit Hotel Properties by 8.iii% in the fourth quarter. Citigroup Inc. now owns 154,691 shares of the existent estate investment trust's stock valued at $ane,509,000 after purchasing an additional xi,903 shares in the last quarter. Park Artery Securities LLC boosted its holdings in Summit Hotel Properties by thirteen.6% in the 1st quarter. Park Artery Securities LLC now owns 24,326 shares of the real estate investment trust'southward stock valued at $242,000 subsequently purchasing an boosted 2,905 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Summit Hotel Backdrop by 9.8% in the 4th quarter. Systematic Fiscal Management LP now owns 939,975 shares of the real estate investment trust's stock valued at $9,174,000 after purchasing an additional 83,821 shares in the last quarter. Finally, abrdn plc boosted its holdings in Summit Hotel Properties past 6.1% in the 4th quarter. abrdn plc at present owns 22,292 shares of the real estate investment trust's stock valued at $218,000 subsequently purchasing an additional 1,276 shares in the final quarter. Hedge funds and other institutional investors ain 99.19% of the visitor's stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Summit Hotel Backdrop from a "c-" rating to a "d+" rating in a study on Midweek, July 13th.

Top Hotel Backdrop Price Performance

Shares of NYSE:INN opened at $viii.88 on Monday. The business organization'southward 50 mean solar day elementary moving average is $7.73 and its 200-day simple moving average is $8.xc. The house has a market capitalization of $949.26 million, a price-to-earnings ratio of -29.sixty and a beta of 1.98. The company has a debt-to-equity ratio of ane.06, a current ratio of one.77 and a quick ratio of 1.77. Summit Hotel Backdrop, Inc. has a 12 month low of $6.lxx and a 12 month high of $ten.94.

Top Hotel Properties Announces Dividend

The visitor also recently declared a — dividend, which will exist paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 16th.

Elevation Hotel Properties Visitor Profile

(Get Rating)

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. Every bit of November 3, 2020, the Visitor's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

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Institutional Ownership by Quarter for Summit Hotel Properties (NYSE:INN)

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