InnSuites Hospitality Trust (NYSE:IHT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note released on Saturday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Trading Down 3.7 %

NYSE IHT opened at $1.56 on Friday. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.67 and a quick ratio of 1.67. The business’s 50-day moving average price is $1.62 and its 200 day moving average price is $1.48. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $2.33.

InnSuites Hospitality Trust Announces Dividend

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

Insider Transactions at InnSuites Hospitality Trust

In other news, CEO James F. Wirth purchased 400 shares of the stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $528.96 per share, with a total value of $211,584.00. Following the completion of the transaction, the chief executive officer now owns 6,251,996 shares in the company, valued at $3,307,055,804.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO James F. Wirth bought 400 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $528.96 per share, for a total transaction of $211,584.00. Following the purchase, the chief executive officer now owns 6,251,996 shares in the company, valued at approximately $3,307,055,804.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James F. Wirth purchased 300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $400.81 per share, with a total value of $120,243.00. Following the completion of the purchase, the chief executive officer now directly owns 6,251,596 shares of the company’s stock, valued at approximately $2,505,702,192.76. The disclosure for this purchase can be found here. Insiders have acquired 1,400 shares of company stock worth $558,863 over the last quarter. 73.93% of the stock is currently 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.