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

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

InnSuites Hospitality Trust Stock Down 4.0 %

IHT stock opened at $1.70 on Friday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.67. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $2.33. The company has a 50-day moving average of $1.60 and a two-hundred day moving average of $1.48.

InnSuites Hospitality Trust Dividend Announcement

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

Insider Buying and Selling at InnSuites Hospitality Trust

In other news, CEO James F. Wirth purchased 300 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $400.81 per share, for a total transaction of $120,243.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,251,596 shares of the company’s stock, valued at $2,505,702,192.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO James F. Wirth bought 200 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of $264.04 per share, for a total transaction of $52,808.00. Following the completion of the purchase, the chief executive officer now owns 6,252,196 shares in the company, valued at $1,650,829,831.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James F. Wirth bought 300 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $400.81 per share, with a total value of $120,243.00. Following the purchase, the chief executive officer now 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 bought 1,400 shares of company stock worth $558,863 over the last ninety days. Company 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.