On May 13, 2024, James Wirth, President & CEO / Chairman, 10% Owner of InnSuites Hospitality Trust (IHT, Financial), purchased 400 shares of the company. This transaction was recorded through an SEC Filing.
InnSuites Hospitality Trust operates as a real estate investment trust (REIT) that focuses on hotel ownership and management. The company's portfolio includes properties that offer suite accommodations and traditional hotel rooms, catering to a range of guests and travel needs.
The insider's recent acquisition involved shares priced at $528.96 each, totaling $211,584. This purchase follows a pattern over the past year where the insider has acquired a total of 20,361 shares. Notably, there have been no sales reported by the insider during this period.
Over the past year, InnSuites Hospitality Trust has seen a total of 30 insider buys and no insider sales, indicating a positive sentiment among the company's insiders regarding its stock performance and future outlook.
The stock's market cap stands at $12.135 million as of the latest trading price. The price-earnings ratio is currently 42.03, which is significantly higher than the industry median of 16.81 and the company's historical median.
According to the GF Value, the stock is priced at $528.96 with a GF Value of $2.72, resulting in a price-to-GF-Value ratio of 194.47. This valuation suggests that the stock might be a possible value trap, and potential investors should think twice before investing.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider purchase could be a signal to investors about the insider's confidence in the future prospects of InnSuites Hospitality Trust, despite the current valuation metrics suggesting caution.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
