James Wirth Sells 12,500 Shares of InnSuites Hospitality Trust (NYSE:IHT) Stock

InnSuites Hospitality Trust (NYSE:IHT) CEO James Wirth sold 12,500 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $1.64, for a total transaction of $20,500.00. Following the transaction, the chief executive officer directly owned 6,181,796 shares in the company, valued at approximately $10,138,145.44. This represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

InnSuites Hospitality Trust Price Performance

NYSE:IHT opened at $1.53 on Friday. InnSuites Hospitality Trust has a 52 week low of $1.53 and a 52 week high of $4.24. The firm has a market cap of $13.45 million, a price-to-earnings ratio of -15.30 and a beta of -0.09. The firm’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $2.18. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.62 and a current ratio of 1.62.

InnSuites Hospitality Trust Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were issued a $0.01 dividend. This represents a yield of 90.0%. The ex-dividend date of this dividend was Friday, July 25th. InnSuites Hospitality Trust’s dividend payout ratio (DPR) is currently -13.33%.

About InnSuites Hospitality Trust

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.