InnSuites Hospitality Trust (NYSE:IHT) Trading Up 1% – What’s Next?
by Scott Moore · The Cerbat GemInnSuites Hospitality Trust (NYSE:IHT – Get Free Report)’s share price shot up 1% during trading on Wednesday . The stock traded as high as $1.0592 and last traded at $1.02. 2,763 shares were traded during mid-day trading, a decline of 91% from the average session volume of 30,170 shares. The stock had previously closed at $1.0101.
InnSuites Hospitality Trust Stock Performance
The company has a market capitalization of $9.39 million, a P/E ratio of -10.20 and a beta of -0.02. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62. The company has a fifty day moving average price of $1.11 and a two-hundred day moving average price of $1.36.
InnSuites Hospitality Trust Announces Dividend
The company also recently announced a dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 27th were issued a $0.01 dividend. The ex-dividend date was Tuesday, January 27th. This represents a yield of 169.0%. InnSuites Hospitality Trust’s payout ratio is presently -12.50%.
Hedge Funds Weigh In On InnSuites Hospitality Trust
A hedge fund recently bought a new stake in InnSuites Hospitality Trust stock. Citadel Advisors LLC bought a new stake in InnSuites Hospitality Trust (NYSE:IHT – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 21,121 shares of the company’s stock, valued at approximately $39,000. Citadel Advisors LLC owned 0.24% of InnSuites Hospitality Trust at the end of the most recent reporting period. 2.46% of the stock is currently owned by institutional investors and hedge funds.
InnSuites Hospitality Trust Company Profile
InnSuites Hospitality Trust (NYSE:IHT) is a real estate investment trust specializing in the ownership and operation of lodging properties across the western United States. Structured as a REIT, the company focuses on acquiring, managing and leasing midscale and economy hotel assets. Its portfolio includes full-service, limited-service and extended-stay properties that cater to both transient and group travelers.
The company’s principal activities encompass property management, guest services and facilities upkeep at each of its hotel locations.