InnSuites Hospitality Trust (NYSE:IHT) Stock Price Up 1% – Still a Buy?

Shares of InnSuites Hospitality Trust (NYSE:IHT) traded up 1% on Wednesday . The stock traded as high as $1.0592 and last traded at $1.02. 2,763 shares changed hands during 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 Price Performance

The company has a market cap of $9.39 million, a P/E ratio of -10.20 and a beta of -0.09. The company’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $1.36. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82.

InnSuites Hospitality Trust Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 27th were issued a $0.01 dividend. This represents a yield of 169.0%. The ex-dividend date of this dividend was Tuesday, January 27th. InnSuites Hospitality Trust’s payout ratio is currently -12.50%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in InnSuites Hospitality Trust stock. Citadel Advisors LLC bought a new position in InnSuites Hospitality Trust (NYSE:IHT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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. 2.46% of the stock is 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.