InnSuites Hospitality Trust (NYSE:IHT) Now Covered by StockNews.com

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

InnSuites Hospitality Trust Trading Down 0.7 %

NYSE IHT opened at $1.38 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.35 and a quick ratio of 2.35. The firm’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.36. The company has a market capitalization of $12.43 million, a price-to-earnings ratio of 23.00 and a beta of 0.14. InnSuites Hospitality Trust has a 12 month low of $0.95 and a 12 month high of $3.82.

InnSuites Hospitality Trust Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, February 5th. Investors of record on Monday, January 22nd were given a $0.01 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, January 19th. InnSuites Hospitality Trust’s dividend payout ratio (DPR) is 33.34%.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 878 shares of the stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $1,231.64 per share, with a total value of $1,081,379.92. Following the transaction, the chief executive officer now owns 5,948,662 shares of the company’s stock, valued at approximately $7,326,610,065.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 660 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $971.16 per share, with a total value of $640,965.60. Following the transaction, the chief executive officer now owns 5,949,322 shares of the company’s stock, valued at approximately $5,777,743,553.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James F. Wirth acquired 878 shares of the stock in a transaction on Friday, February 16th. The shares were acquired at an average cost of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the completion of the transaction, the chief executive officer now directly owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The disclosure for this purchase can be found here. Insiders have purchased 2,116 shares of company stock valued at $2,045,062 in the last ninety days. Insiders own 2.03% 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.