<div id="readability-page-1"><p>Bank of Montreal Can lessened its holdings in shares of  Summit Hotel Properties, Inc. (NYSE:INN - Free Report) by 95.4% in the fourth quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The fund owned 823,254 shares of the real estate investment trust's stock after selling 17,068,828 shares during the period. Bank of Montreal Can owned 0.76% of Summit Hotel Properties worth $5,639,000 at the end of the most recent reporting period.</p><ul><li>3 REITs With Big Dividend Growth and Sustainable Payouts</li></ul><p>A number of other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in shares of  Summit Hotel Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 19,879 shares of the real estate investment trust's stock worth $136,000 after purchasing an additional 1,842 shares during the last quarter.  New York State Common Retirement Fund lifted its stake in  Summit Hotel Properties by 10.2% in the fourth quarter. New York State Common Retirement Fund now owns 35,258 shares of the real estate investment trust's stock valued at $242,000 after buying an additional 3,274 shares during the last quarter.  Nomura Asset Management Co. Ltd. boosted its holdings in shares of  Summit Hotel Properties by 3.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 138,200 shares of the real estate investment trust's stock valued at $947,000 after acquiring an additional 4,400 shares during the period.  abrdn plc grew its position in shares of  Summit Hotel Properties by 30.6% during the fourth quarter. abrdn plc now owns 28,153 shares of the real estate investment trust's stock worth $193,000 after acquiring an additional 6,600 shares during the last quarter.  Finally, BNP Paribas Financial Markets increased its holdings in shares of  Summit Hotel Properties by 28.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,425 shares of the real estate investment trust's stock worth $209,000 after acquiring an additional 6,661 shares during the period. Institutional investors own  96.47% of the company's stock. </p><h2>Summit Hotel Properties Trading Down 1.0 %</h2><p>Summit Hotel Properties stock opened at $4.03 on Tuesday. Summit Hotel Properties, Inc. has a 52-week low of $3.57 and a 52-week high of $7.22. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $448.87 million, a price-to-earnings ratio of 403.00, a PEG ratio of 1.54 and a beta of 1.78. The firm has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $6.30. </p><h2>Summit Hotel Properties Dividend Announcement</h2><ul><li>How to Invest in Hotel Stocks </li></ul><p>The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date  was Friday, February 14th. Summit Hotel Properties's dividend payout ratio (DPR) is 177.78%. </p><h2>Summit Hotel Properties Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Summit Hotel Properties</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>Why NVIDIA Stock Could Soar Despite Wall Street Downgrades</li><li>How Technical Indicators Can Help You Find Oversold Stocks </li><li>Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>3 Hot New IPOs Defying the 2025 Market Slump</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlOTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlOTg"/></p><ul><li>Hotel Stocks - Best Hotel Stocks Invest In</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Summit Hotel Properties Right Now?</h2><p>Before you consider Summit Hotel Properties, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Summit Hotel Properties wasn't on the list.</p><p>While Summit Hotel Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of Montreal Can reduced its holdings in Summit Hotel Properties, Inc. (NYSE:INN) by 95.4% in Q4, owning 823,254 shares after selling 17,068,828 shares. Other investors, including Van ECK Associates and New York State Common Retirement Fund, increased their stakes. Summit's stock opened at $4.03, with a 52-week range of $3.57 to $7.22. The company recently announced a quarterly dividend of $0.08, yielding 7.94%. Institutional investors own 96.47% of the stock.</p>

Summit Hotel Properties, Inc. (NYSE:INN) Stock Holdings Lessened by Bank of Montreal Can