Stocks Movement Analysis: Summit Hotel Properties, Inc. (INN), Peregrine Pharmaceuticals, Inc. (PPHM)Por Orquidea Banes Mar 21, 2017
Summit Hotel Properties, Inc. The stock gained a consensus recommendation of 1.43 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions.
Several analysts recently commented on the company. Riverhead Capital Management LLC boosted its stake in shares of LaSalle Hotel Properties by 5,013.6% in the third quarter.
According to the the latest analyst ratings which have been released, 5 brokers have issued a rating of "buy", 3 brokers "outperform", 1 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Zurcher Kantonalbank Zurich Cantonalbank raised its stake in LaSalle Hotel Properties by 1.2% in the third quarter. State of Wisconsin Investment Board now owns 480,984 shares of the real estate investment trust's stock valued at $11,481,000 after buying an additional 32,000 shares in the last quarter. Target prices are used by analysts and brokers in reports to show how they anticipate a share in a particular firm to perform. 4,740,406 shares of the stock traded hands. Independent Portfolio Consultants Inc. now owns 7,300 shares of the real estate investment trust's stock worth $174,000 after buying an additional 345 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of LaSalle Hotel Properties by 125.8% in the third quarter.
01/06/2017 - LaSalle Hotel Properties had its "hold" rating reiterated by analysts at Stifel Nicolaus.
Summit Hotel Properties, Inc. has a 50 day moving average of 15.76 and a 200 day moving average of 14.61. The high end of the earnings forecast is $-0.03 per share and low end is $-0.03 per share. The company has a market capitalization of $1.46 billion, a PE ratio of 15.60 and a beta of 1.01. (INN) reported its last quarter results on 02/23/2017. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.62. The current share price indicate that stock is -5.47% away from its one year high and is moving 31.83% ahead of its 52-week low.
11/14/2016 - LaSalle Hotel Properties had its "equal weight" rating reiterated by analysts at Morgan Stanley. The stock now has a consensus rating of "Buy" and an average target price of $16.88. According to their observations and findings, the stock could provide a high EPS of $0.51/share and a Low EPS of $0.05/share.
The company's stock now has 1.46 Billion in market capitalization. Investors of record on Tuesday, February 14th were issued a dividend of $0.1625 per share.
Wal-Mart Stores Inc (NYSE:WMT) announced that, a new Walmart Supercenter in King is set to open Wednesday, March 15, bringing a broad assortment of fresh groceries and general merchandise.
In the past 6 months, 5 Insider purchases and 1 Insider Sales were made in which 24685 shares were traded as Insider purchases and 2000 shares were exchanged as Insider Sales. LS Investment Advisors LLC raised its stake in LaSalle Hotel Properties by 5.7% in the third quarter.
INN has been the topic of a number of other reports.
Many research firms have provided their ratings on Summit Hotel Properties, Inc. Canaccord Genuity reaffirmed a "hold" rating and issued a $28.00 price objective on shares of LaSalle Hotel Properties in a research note on Tuesday, February 14th.
01/14/2016 - LaSalle Hotel Properties had its "underweight" rating reiterated by analysts at Barclays. Wells Fargo & Co cut shares of LaSalle Hotel Properties from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 13th.
03/09/2016 - Janney Montgomery Scott began new coverage on Summit Hotel Properties, Inc. giving the company a "buy" rating.
Price Target plays a critical role when it comes to the Analysis of a Stock. (INN) where BofA/Merrill provided Buy rating on the stock on 3-Mar-17.
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