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InnSuites Hospitality Trust - IHT STOCK NEWS

Welcome to our dedicated news page for InnSuites Hospitality Trust (Ticker: IHT), a resource for investors and traders seeking the latest updates and insights on InnSuites Hospitality Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect InnSuites Hospitality Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
InnSuites Hospitality Trust (NYSE American: IHT) announces the filing of an S-3, allowing the potential issuance of up to 1,000,000 shares of Common Stock. The net proceeds will be used for general corporate purposes, including debt repayment and equity repurchase. The S-3 may lead to diversification through UniGen Power, Inc., clean energy, and hospitality technology. The current stock price is $1.54 per share, with plans for a dividend declaration and strong hotel operations. The First Fiscal Quarter of 2025 shows record revenue for Tucson and Albuquerque hotels, exceeding $2 million.
Rhea-AI Impact
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End-of-Day
-5.23%
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Rhea-AI Summary
InnSuites Hospitality Trust (IHT) reported strong annual results in FY 2024, with Total Revenues increasing to $7.5 million, Net Income of $203,880, and Consolidated Net Income of $956,333. The hotel operations showed record results, with combined revenue surpassing $1.5 million for the first two months of FY 2025. IHT made a diversification investment in UniGen Power, Inc., aiming for a 20% ownership stake. The company continues its stock buyback program and extended its annual dividends streak to 54 years.
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0.72%
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Rhea-AI Summary
InnSuites Hospitality Trust (IHT) announces a semi-annual dividend of $0.01 per share, extending a 54-year history of annual dividends. The hotel operations revenue continues to grow, with the highest combined hotel revenue total ever in December at $524,219. The UniGen diversified efficient clean energy investment continues to progress, while seeking additional funding.
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Rhea-AI Sentiment
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2.21%
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dividends
Rhea-AI Summary
InnSuites Hospitality Trust (NYSE American: IHT) reported a 7% increase in Total Revenues to $1,824,499 for the Third Quarter of Fiscal 2024. The First Three Quarters of Fiscal 2024 saw Total Revenues up over 4% at $5,751,583. Net Income Attributable to Controlling Interests for the Fiscal First Three Quarters was $296,885, representing the eighth consecutive Profitable Quarter. IHT made a diversification investment in UniGen Power, Inc., holding up to an approximate 25% ownership stake in UniGen. The company extended its uninterrupted annual dividends to 53 years, with semi-annual dividends paid in February 2023 and July 2023.
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Rhea-AI Sentiment
End-of-Day
-2.22%
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Rhea-AI Summary
InnSuites Hospitality Trust reports improved results in the First Fiscal Half of 2024 with Total Revenues up $91,882 and Total Consolidated First Fiscal Half Net Income at $531,825. Earnings Per Share remains flat at $0.03. InnSuites holds a 25% ownership stake in UniGen, a clean electricity energy generation company. UniGen's prototype design engineering is complete, and progress is being made on financing. IHT management believes the future looks bright and stock is undervalued. Fiscal Year 2024 marks 53 years of uninterrupted annual dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
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Rhea-AI Summary
InnSuites Hospitality Trust (IHT) has announced a semi-annual dividend of $0.01 per share, continuing its 53-year history of annual dividends. The hotel operations of IHT are performing well, with the Tucson Hotel and Albuquerque Hotel achieving record results for the current fiscal year. IHT has also made a diversification investment in UniGen Power, Inc., a clean energy innovation company. Prototype design engineering for the UPI 1000TA engine by UniGen is now complete.
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-3.72%
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InnSuites Hospitality Trust

NYSE:IHT

IHT Rankings

IHT Stock Data

12.29M
2.72M
69.86%
2.45%
0.15%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
PHOENIX

About IHT

innsuites hospitality trust (www.innsuitestrust.com) operates as a self-administered, unincorporated ohio business trust. innsuites hotels, inc. owns the innsuites trademarks and provides trademark services and management services. the hotels are operated under the innsuites name. the hotels are also marketed as either “best western innsuites hotels and suites, www.bwsuite.com” or innsuites hotels, www.innsuites.com or part of ibc hotels "inndependent boutique collection, www.ibchotels.com"​.