InnSuites Hospitality Trust (NYSE:IHT) Shares Up 1.7% – Still a Buy?

InnSuites Hospitality Trust (NYSE:IHT)’s stock price traded up 1.7% during mid-day trading on Friday . The company traded as high as $1.23 and last traded at $1.23. 5,774 shares changed hands during trading, a decline of 89% from the average session volume of 50,762 shares. The stock had previously closed at $1.2099.

InnSuites Hospitality Trust Stock Performance

The business has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.56. 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 stock has a market capitalization of $11.32 million, a PE ratio of -12.30 and a beta of -0.12.

InnSuites Hospitality Trust Announces Dividend

The company also recently announced a dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 27th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a yield of 169.0%. InnSuites Hospitality Trust’s payout ratio is -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 position in InnSuites Hospitality Trust (NYSE:IHT) in the third quarter, according to the company in its most recent Form 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 approximately 0.24% of InnSuites Hospitality Trust at the end of the most recent quarter. Hedge funds and other institutional investors own 2.46% of the company’s stock.

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.