MARKET COMPOSITE
IHT - Innsuites Hospitality Trust4:57:19 PM 4/25/2024
Price
$1.42
+ 0.04 (3.19%)
InnSuites Hospitality Trust, based in Phoenix, Arizona, is a real estate investment trust that invests in lodging. While it is formed as a real estate investment trust, it is not classified as a real estate investment trust for tax purposes. The company owns interests in 2 hotels, operates 3 hotels, provides management for 3 hotels, and licenses its InnSuites trademark for 5 hotels. The company's hotel ownership interests are a 51.01% interest in the Best Western InnSuites Tucson Foothills Hotel & Suites in Tucson, Arizona, and a direct 20.53% interest in the Best Western InnSuites Albuquerque Airport Hotel & Suites in Albuquerque, New Mexico. IHT was founded by James Frank Wirth in 1971. That same year, the company became a public company via an initial public offering.
Financials
Quarterly financials
(USD)Jan 2024Q/Q
Revenue1.7MM-5%
Operating Income-611.2K-
Operating Expenses2.3MM+19%
Net Income-113K-284%
Interest Expense124.2K-1%
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Stock news

    Phoenix, AZ, April 19, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) IHT management announces Filing an S-3, allowing the potential to offer and sell up to 1,000,000 shares of IHT common stock, without par value (“Common Stock”), of the Company. The S-3 prospectus includes the details as it relates to shares of IHT Common Stock that may be offered and issued from time to time. The amount of gross proceeds received will depend upon the number of shares issued, and the

    Phoenix, AZ, April 08, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported continued strong annual results in Fiscal Year 2024, (February 1, 2023, to January 31, 2024), with Total Revenues increasing to approximately $7.5 million, which is an increase of from the same prior Fiscal Year total of $7.1 million. Annual Net Income Attributable to Controlling Interests was $203,880. Earnings Per Share based on this Net Income Attributable to Controlling Interest amount w

    In a recent transaction filed with the SEC, Chairman James Wirth of InnSuites Hospitality Trust (AMEX:IHT) has increased his stake in the company.

    If you’re looking for a consistent income, there are a few better choices than real estate investment trusts. Findings the right REITs to buy can be a game changer for your portfolio. REITs are companies that either own, operate, or have an interest in real estate, such as office buildings, shopping malls, apartments, hotels, and infrastructure assets, such as warehouses, utility lines, or data centers. REITs are favored by income investors because of their tax benefits. By law, REITs that distr

    Phoenix, AZ, Jan. 08, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 5, 2024, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 5, 2024, to shareholders of record as of January 22, 2024, extending an uninterrupted continuous 54-year history of annual dividends. InnSuites hotel operations revenue continues to grow, with the highest combined hotel revenue total ever in D

    On December 27, 2023, James Wirth, Chairman of InnSuites Hospitality Trust (IHT), executed a purchase of 1,500 shares of the company.

    James Wirth, Chairman of InnSuites Hospitality Trust (IHT), has increased his stake in the company by purchasing 2,000 shares on December 19, 2023, according to a recent SEC Filing.

    Phoenix, AZ, Dec. 07, 2023 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of improved results for the Third Quarter of Fiscal 2024, (August 1, 2023, to October 31, 2023), as Total Revenues increased to $1,824,499, which is an increase of 7%, compared to the prior year Fiscal Third Quarter of $1,704,612. The First Three Quarters of Fiscal 2024, (February 1, 2023, to October 31, 2023), remain strong, with Total Revenues up $211,769, at $5,751,583, up o

    In the realm of stock market movements, insider trading activity is often a significant indicator that garners the attention of investors.

    On September 21, 2023, James Wirth, Chairman of InnSuites Hospitality Trust (IHT), purchased 2,000 shares of the company, further solidifying his investment in the hospitality trust.