InnSuites Hospitality Trust (NYSE:IHT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note published on Saturday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

IHT opened at $1.60 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The company’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.48. InnSuites Hospitality Trust has a 1-year low of $0.95 and a 1-year high of $2.33. The company has a market cap of $14.43 million, a price-to-earnings ratio of -80.00 and a beta of 0.11.

InnSuites Hospitality Trust Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be paid a $0.01 dividend. The ex-dividend date is Friday, July 19th. This represents a dividend yield of 1.2%. InnSuites Hospitality Trust’s payout ratio is -100.00%.

Insider Transactions at InnSuites Hospitality Trust

In other news, CEO James F. Wirth bought 300 shares of InnSuites Hospitality Trust stock in a transaction dated 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 purchase, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO James F. Wirth bought 300 shares of InnSuites Hospitality Trust stock in a transaction dated 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 purchase, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James F. Wirth purchased 400 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $528.96 per share, with a total value of $211,584.00. Following the transaction, the chief executive officer now owns 6,251,996 shares of the company’s stock, valued at approximately $3,307,055,804.16. The disclosure for this purchase can be found here. Insiders bought a total of 1,400 shares of company stock worth $558,863 in the last quarter. 73.93% of the stock is currently owned by corporate insiders.

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.