2 weeks Ago By ABMN Staff
Legal & General Group Plc cut its position in shares of Summit Hotel Properties, Inc. ( NYSE:INN – Free Report ) by 7.9% during the 4th quarter, Holdings Channel reports.
The firm owned 684,302 shares of the real estate investment trust’s stock after selling 59,064 shares during the quarter. Legal & General Group Plc’s holdings in Summit Hotel Properties were worth $4,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently modified their holdings of INN.
Wolverine Asset Management LLC raised its position in shares of Summit Hotel Properties by 123.2% in the fourth quarter. Wolverine Asset Management LLC now owns 6,400 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 34,000 shares during the period.
Ieq Capital LLC bought a new position in Summit Hotel Properties in the 4th quarter valued at about $87,000. Entropy Technologies LP acquired a new stake in Summit Hotel Properties during the fourth quarter worth approximately $88,000. Tidal Investments LLC bought a new stake in shares of Summit Hotel Properties during the third quarter worth approximately $91,000.
Finally, Van ECK Associates Corp grew its position in shares of Summit Hotel Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 19,879 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 1,842 shares during the last quarter.
96.47% of the stock is owned by institutional investors. Summit Hotel Properties Stock Performance Shares of NYSE INN opened at $3.
87 on Tuesday. Summit Hotel Properties, Inc. has a one year low of $3.
57 and a one year high of $7.22. The company has a debt-to-equity ratio of 1.
01, a current ratio of 0.78 and a quick ratio of 0.78.
The firm has a market cap of $431.05 million, a price-to-earnings ratio of 387.00, a P/E/G ratio of 1.
54 and a beta of 1.78. The stock’s fifty day moving average price is $5.
44 and its two-hundred day moving average price is $6.19. Summit Hotel Properties Announces Dividend About Summit Hotel Properties ( Free Report ) Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry.
As of November 1, 2023, the Company’s portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states. Further Reading Want to see what other hedge funds are holding INN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Summit Hotel Properties, Inc.
( NYSE:INN – Free Report ). Receive News & Ratings for Summit Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter .
.
