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Janney Capital downgraded Summit Hotel (NYSE:INN) from Buy to Neutral in a report released today.

Janney Capital has downgraded Summit Hotel (NYSE:INN) from Buy to Neutral in a report released on 11/20/2017.

Yesterday Summit Hotel (NYSE:INN) traded 0.76% higher at $15.81. The company’s 50-day moving average is $15.70 and its 200-day moving average is $16.75. The last stock close price is down -5.58% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 112,869 shares of the stock were exchanged, down from an average trading volume of 869,569

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Summit Hotel (NYSE:INN)

With a total market value of $0, Summit Hotel has price-earnings ratio of 17.31 with a one year low of $12.45 and a one year high of $19.39 .

A total of 10 analysts have released a research note on INN. Three analysts rating the company a strong buy, five analysts rating the company a buy, one analyst rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $13.40.

More About Summit Hotel (NYSE:INN)

Summit Hotel Properties, Inc. is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company's portfolio consists of 79 hotels with a total of 11,590 guestrooms located in 24 states. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company's portfolio is located in urban and suburban markets. Based on total number of guestrooms, approximately 92% of the Company's portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 96% is located within over 100 MSAs. Based on total number of guestrooms, approximately 99% of the Company's hotels operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, InterContinental Hotels Group, and an affiliate of Hyatt Hotels Corporation.

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