InnSuites Hospitality Trust (NYSE:IHT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report released on Sunday. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

NYSE:IHT opened at $1.58 on Friday. InnSuites Hospitality Trust has a 52 week low of $0.95 and a 52 week high of $2.33. The stock’s fifty day moving average is $1.66 and its two-hundred day moving average is $1.49. The company has a market capitalization of $14.25 million, a P/E ratio of -79.00 and a beta of 0.11. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.49.

InnSuites Hospitality Trust Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were paid a dividend of $0.01 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 19th. InnSuites Hospitality Trust’s dividend payout ratio (DPR) is presently -100.00%.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average price of $388.50 per share, for a total transaction of $116,550.00. Following the completion of the purchase, the chief executive officer now directly owns 6,252,496 shares in the company, valued at $2,429,094,696. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 200 shares of InnSuites Hospitality Trust stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of $264.04 per share, with a total value of $52,808.00. Following the acquisition, the chief executive officer now directly owns 6,252,196 shares of the company’s stock, valued at $1,650,829,831.84. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James F. Wirth bought 300 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average price of $388.50 per share, for a total transaction of $116,550.00. Following the completion of the transaction, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 900 shares of company stock worth $380,942. Insiders own 73.93% of the company’s stock.

About InnSuites Hospitality Trust

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.