InnSuites Hospitality Trust (NYSE:IHT) Declares Semi-annual Dividend of $0.01

InnSuites Hospitality Trust (NYSE:IHT) declared a semi-annual dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Friday, July 19th will be given a dividend of 0.01 per share on Wednesday, July 31st. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 19th.

InnSuites Hospitality Trust Stock Performance

Shares of NYSE:IHT opened at $1.72 on Thursday. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.67 and a quick ratio of 1.67. InnSuites Hospitality Trust has a 1-year low of $0.95 and a 1-year high of $2.33. The business’s 50 day moving average is $1.59 and its 200-day moving average is $1.48.

Insiders Place Their Bets

In related news, CEO James F. Wirth acquired 400 shares of the stock in a transaction dated Monday, April 22nd. The shares were bought at an average cost of $583.45 per share, for a total transaction of $233,380.00. Following the purchase, the chief executive officer now owns 6,251,096 shares in the company, valued at approximately $3,647,201,961.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO James F. Wirth bought 300 shares of the stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $400.81 per share, with a total value of $120,243.00. Following the acquisition, the chief executive officer now owns 6,251,596 shares in the company, valued at $2,505,702,192.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James F. Wirth bought 400 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were purchased at an average price of $583.45 per share, with a total value of $233,380.00. Following the transaction, the chief executive officer now directly owns 6,251,096 shares in the company, valued at $3,647,201,961.20. The disclosure for this purchase can be found here. Insiders acquired a total of 1,800 shares of company stock worth $792,243 over the last quarter. Company insiders own 73.93% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of InnSuites Hospitality Trust in a research note on Thursday, July 11th. They set a “hold” rating on the 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.