InnSuites Hospitality Trust (NYSE:IHT) Trading Up 1.7% – What’s Next?

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

InnSuites Hospitality Trust Stock Up 1.7%

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. The company has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.57. The company has a market cap of $11.32 million, a P/E ratio of -12.30 and a beta of -0.12.

InnSuites Hospitality Trust Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 27th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, January 27th. This represents a yield of 169.0%. InnSuites Hospitality Trust’s dividend payout ratio (DPR) 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 purchased a new stake in InnSuites Hospitality Trust (NYSE:IHT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,121 shares of the company’s stock, valued at approximately $39,000. Citadel Advisors LLC owned 0.24% of InnSuites Hospitality Trust as of its most recent filing with the Securities and Exchange Commission (SEC). 2.46% of the stock is currently owned by hedge funds and other 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.