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

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

InnSuites Hospitality Trust Stock Performance

Shares of NYSE:IHT opened at $1.62 on Tuesday. The company’s 50 day moving average price is $1.68 and its two-hundred day moving average price is $1.51. InnSuites Hospitality Trust has a 12-month low of $0.95 and a 12-month high of $2.33. The firm has a market cap of $14.61 million, a PE ratio of -81.00 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 company also recently declared a semi-annual dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 19th were given a dividend of $0.01 per share. The ex-dividend date was Friday, July 19th. This represents a dividend yield of 1.2%. InnSuites Hospitality Trust’s dividend payout ratio is -100.00%.

Insider Activity at InnSuites Hospitality Trust

In related news, CEO James F. Wirth acquired 300 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $388.50 per share, with a total value of $116,550.00. Following the purchase, the chief executive officer now directly owns 6,252,496 shares in the company, valued at $2,429,094,696. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 73.93% of the stock is owned by insiders.

InnSuites Hospitality Trust Company Profile

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.