StockNews.com Initiates Coverage on InnSuites Hospitality Trust (NYSE:IHT)

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHTFree Report) in a research report report published on Saturday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

InnSuites Hospitality Trust stock opened at $1.36 on Friday. The firm has a market capitalization of $12.25 million, a P/E ratio of 22.67 and a beta of 0.16. The stock has a fifty day moving average price of $1.41 and a 200 day moving average price of $1.42. InnSuites Hospitality Trust has a 52 week low of $0.95 and a 52 week high of $3.82. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 2.78.

InnSuites Hospitality Trust Announces Dividend

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

Insider Activity at InnSuites Hospitality Trust

In other news, CEO James F. Wirth purchased 1,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was bought at an average cost of $2,254.45 per share, for a total transaction of $3,381,675.00. Following the completion of the purchase, the chief executive officer now directly owns 5,947,784 shares of the company’s stock, valued at approximately $13,408,981,638.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James F. Wirth purchased 1,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was bought at an average cost of $2,254.45 per share, for a total transaction of $3,381,675.00. Following the completion of the purchase, the chief executive officer now directly owns 5,947,784 shares of the company’s stock, valued at approximately $13,408,981,638.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James F. Wirth purchased 300 shares of the company’s stock in a transaction on Monday, November 27th. The shares were purchased at an average price of $384.00 per share, with a total value of $115,200.00. Following the completion of the purchase, the chief executive officer now directly owns 5,944,284 shares of the company’s stock, valued at $2,282,605,056. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,701 shares of company stock worth $6,039,673. 2.03% of the stock is currently owned by insiders.

About InnSuites Hospitality Trust

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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.

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