InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report issued on Sunday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

IHT opened at $1.58 on Friday. The company has a market capitalization of $14.25 million, a price-to-earnings ratio of -79.00 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. The firm has a 50-day moving average price of $1.66 and a 200-day moving average price of $1.49. InnSuites Hospitality Trust has a twelve month low of $0.95 and a twelve month high of $2.33.

InnSuites Hospitality Trust Announces Dividend

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

Insider Buying and Selling

In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 200 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average price of $264.04 per share, for a total transaction of $52,808.00. Following the transaction, the chief executive officer now owns 6,252,196 shares in the company, valued at approximately $1,650,829,831.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO James F. Wirth acquired 300 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $388.50 per share, for a total transaction of $116,550.00. Following the completion of the transaction, the chief executive officer now owns 6,252,496 shares of the company’s stock, valued at $2,429,094,696. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James F. Wirth bought 200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $264.04 per share, with a total value of $52,808.00. Following the acquisition, the chief executive officer now owns 6,252,196 shares of the company’s stock, valued at $1,650,829,831.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 900 shares of company stock worth $380,942. Corporate insiders own 73.93% of the company’s stock.

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.