InnSuites Hospitality Trust announces a $0.01 dividend, strong hotel revenues, and seeks diversification investments.
Quiver AI Summary
InnSuites Hospitality Trust announced a semi-annual dividend of $0.01 per share, payable on February 5, 2025, with a record date of January 24, 2025, marking 55 consecutive years of annual dividends. The company's hotel operations demonstrated strong performance with combined revenues of $505,422 in December and projected total revenues for the fiscal year 2025 to exceed $7.5 million. Additionally, InnSuites is making progress in its clean energy investment through UniGen and is exploring further diversification opportunities. For more details, interested parties can visit their websites or contact the company's executive vice president.
Potential Positives
- The announcement of a semi-annual dividend of $0.01 per share underscores InnSuites Hospitality Trust's commitment to returning value to its shareholders, continuing a 55-year history of annual dividends.
- The company reports strong hotel operations with a combined December revenue of $505,422 and anticipates record revenues exceeding $7.5 million for the 2025 Fiscal Year, indicating robust financial performance.
- Progress in the UniGen clean energy investment showcases the company's focus on diversified growth and sustainable investment opportunities.
Potential Negatives
- The announced semi-annual dividend of $0.01 per share may indicate limited profitability and could signal to investors that the company is not in a position to increase its dividends despite a long history of doing so.
- The need for additional funding for the UniGen diversified energy investment suggests potential financial instability or challenges in executing that strategy.
- There is no discussion of growth or expansion plans beyond the current hotel operations, which may imply a lack of strategic vision or aggressive business development.
FAQ
What is the semi-annual dividend announced by InnSuites Hospitality Trust?
The semi-annual dividend is $0.01 per share, payable on February 5, 2025, to shareholders of record as of January 24, 2025.
How long has InnSuites Hospitality Trust been paying dividends?
InnSuites Hospitality Trust has maintained an uninterrupted continuous history of annual dividends for 55 years.
What were the combined revenues for InnSuites hotels in December?
The combined revenues for the two InnSuites hotels in December totaled $505,422.
What are the revenue projections for InnSuites in the 2025 Fiscal Year?
Total revenues are anticipated to exceed $7.5 million for the 2025 Fiscal Year ending January 31, 2025.
What investment opportunities is InnSuites Hospitality Trust pursuing?
InnSuites is pursuing diversified clean energy investments and other potential diversification investment opportunities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IHT Hedge Fund Activity
We have seen 3 institutional investors add shares of $IHT stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 8,275 shares (+408.4%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC added 2,976 shares (+13.3%) to their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC removed 1,800 shares (-1.6%) from their portfolio in Q3 2024
- TOWER RESEARCH CAPITAL LLC (TRC) removed 450 shares (-12.6%) from their portfolio in Q3 2024
- BANK OF AMERICA CORP /DE/ added 59 shares (+268.2%) to their portfolio in Q3 2024
- CITIGROUP INC removed 2 shares (-100.0%) from their portfolio in Q3 2024
- NISA INVESTMENT ADVISORS, LLC added 0 shares (+0.0%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Phoenix, AZ, Jan. 10, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 8, 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, 2025, to shareholders of record as of January 24, 2025, extending an uninterrupted continuous 55-year history of annual dividends. InnSuites Hotel operations continue to remain strong, with a combined revenue total in December for the two hotels of $505,422.
We are also pleased to report record revenues for the two hotels combined, and project record hotel gross operating profit for our IHT hotels for the 2025 Fiscal Year ending January 31, 2025. In the 2025 Fiscal Year (February 1, 2024, through January 31, 2025), total Revenues are anticipated to exceed $7.5 million. The UniGen diversified efficient clean energy investment continues progress, while seeking additional funding. IHT is also pursuing other potential diversification investment opportunities, as well.
For more information, visit www.innsuitestrust.com and www.innsuites.com .
Forward-Looking Statements
With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.
FOR FURTHER INFORMATION:
Marc Berg, Executive Vice President
602-944-1500
email:
[email protected]
INNSUITES HOSPITALITY CENTRE
1730 E. NORTHERN AVENUE, #122
Phoenix, Arizona 85020
Phone: 602-944-1500
