InnSuites Hospitality Trust (IHT) to Issue Dividend of $0.01 on February 9th

InnSuites Hospitality Trust (NYSE:IHT) declared a dividend on Monday, January 12th. Shareholders of record on Tuesday, January 27th will be given a dividend of 0.01 per share on Monday, February 9th. This represents a yield of 163.0%. The ex-dividend date of this dividend is Tuesday, January 27th.

InnSuites Hospitality Trust Price Performance

IHT opened at $1.22 on Friday. The business has a fifty day moving average of $1.32 and a 200 day moving average of $1.67. The stock has a market cap of $11.23 million, a P/E ratio of -12.20 and a beta of -0.17. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. InnSuites Hospitality Trust has a 52-week low of $1.20 and a 52-week high of $4.24.

Hedge Funds Weigh In On InnSuites Hospitality Trust

A hedge fund recently bought a new stake in InnSuites Hospitality Trust stock. Citadel Advisors LLC purchased a new stake in shares of InnSuites Hospitality Trust (NYSE:IHT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,121 shares of the company’s stock, valued at approximately $39,000. Citadel Advisors LLC owned approximately 0.24% of InnSuites Hospitality Trust as of its most recent filing with the Securities & Exchange Commission. 2.46% of the stock is owned by institutional investors.

About InnSuites Hospitality Trust

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.