Mehul Patel - Summit Hotel Independent Director
| INN Stock | USD 6.37 0.14 2.25% |
Director
Mehul Patel is Independent Director of Summit Hotel Properties since 2022.
| Age | 45 |
| Tenure | 2 years |
| Address | 13215 Bee Cave Parkway, Austin, TX, United States, 78738-6723 |
| Phone | 512 538 2300 |
| Web | https://www.shpreit.com |
Summit Hotel Management Efficiency
The company has Return on Asset of 0.018 % which means that on every $100 spent on assets, it made $0.018 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0118 %, implying that it generated $0.0118 on every 100 dollars invested. Summit Hotel's management efficiency ratios could be used to measure how well Summit Hotel manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Capital Employed is likely to grow to 0.03, though Return On Tangible Assets are likely to grow to (0). At this time, Summit Hotel's Fixed Asset Turnover is very stable compared to the past year. As of the 25th of November 2024, Asset Turnover is likely to grow to 0.26, while Total Assets are likely to drop about 1.7 B.Similar Executives
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Management Performance
| Return On Equity | 0.0118 | ||||
| Return On Asset | 0.018 |
Summit Hotel Properties Leadership Team
Elected by the shareholders, the Summit Hotel's board of directors comprises two types of representatives: Summit Hotel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Summit. The board's role is to monitor Summit Hotel's management team and ensure that shareholders' interests are well served. Summit Hotel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Summit Hotel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christopher JD, Executive Officer | ||
| Daniel Hansen, Chairman of the Board, President, Chief Executive Officer | ||
| Craig Aniszewski, Chief Operating Officer, Executive Vice President | ||
| Adam Wudel, Senior Markets | ||
| Hope Taitz, Independent Director | ||
| Jonathan Stanner, Chief Financial Officer, Executive Vice President, Treasurer | ||
| Paul Ruiz, Senior Vice President, Chief Accounting Officer | ||
| Kenneth Kay, Independent Director | ||
| Christopher Eng, Executive Vice President, Chief Risk Officer, General Counsel, Secretary | ||
| William Conkling, Chief Financial Officer, Executive Vice President | ||
| Thomas Storey, Independent Director | ||
| Bjorn Hanson, Independent Director | ||
| Mehul Patel, Independent Director | ||
| Jeffrey Jones, Non-Executive Independent Chairman of the Board | ||
| Amina Belouizdad, Independent Director | ||
| Paul CPA, Senior Officer |
Summit Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Summit Hotel a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0118 | ||||
| Return On Asset | 0.018 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 2 B | ||||
| Shares Outstanding | 108.42 M | ||||
| Shares Owned By Insiders | 3.02 % | ||||
| Shares Owned By Institutions | 94.20 % | ||||
| Number Of Shares Shorted | 3.71 M | ||||
| Price To Earning | 14.60 X |
Pair Trading with Summit Hotel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Hotel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Hotel will appreciate offsetting losses from the drop in the long position's value.Moving against Summit Stock
| 0.59 | KIM | Kimco Realty | PairCorr |
| 0.55 | AKR | Acadia Realty Trust | PairCorr |
| 0.52 | UE | Urban Edge Properties | PairCorr |
| 0.52 | IVT | Inventrust Properties | PairCorr |
| 0.49 | REG | Regency Centers | PairCorr |
The ability to find closely correlated positions to Summit Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Hotel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Hotel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Hotel Properties to buy it.
The correlation of Summit Hotel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Hotel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Hotel Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Summit Hotel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Hotel & Resort REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.28 | Earnings Share 0.05 | Revenue Per Share 6.957 | Quarterly Revenue Growth (0.03) |
The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.