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Enter Symbol:
Summit Hotel Properties Inc (INN) [hlAlert]

up 20.85 %

Summit Hotel Properties Inc (INN) rated Outperform by Raymond James

Posted on: Friday,  Mar 15, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Summit Hotel Properties Inc (NYSE: INN) on 03/15/2013, when the stock price was $10.02.
Since then, Summit Hotel Properties Inc has gained 20.86% as of 01/22/2016's recent price of $12.11.
If you would have followed this Raymond James's recommendation on INN, you would have gained 20.85% of your investment in 1043 days.

Summit Hotel Properties, Inc. is a self-managed hotel investment company. On December 31, 2010, the majority of its hotels operate under franchise brands owned by Marriott International, Inc. (Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn by Marriott and TownePlace Suites by Marriott), Hilton Worldwide (Hampton Inn, Hampton Inn & Suites and Hilton Garden Inn), IHG (Holiday Inn Express and Staybridge Suites) and an affiliate of Hyatt Hotels Corporation (Hyatt Place). Its franchise mix, by total number of rooms, consists of Marriott (2,754 rooms or 42%), Hilton Worldwide (1,331 rooms or 20%), IHG (639 rooms or 10%), Hyatt Hotels and Resorts (556 rooms or 9%) and others (1,253 rooms or 19%). Substantially all of its assets will be held by, and all of its operations will be conducted through, its operating partnership, Summit Hotel OP, LP.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/15/2013 8:25 AM Buy
as of 12/13/2013
1 Week down  -3.47 %
1 Month down  -2.82 %
3 Months down  -5.49 %
1 YTD down  -14.17 %

(*) Stock Price at the time of the recommendation.
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