Yahoo Finance Insider Buying: Chairman James Wirth Acquires Shares of InnSuites Hospitality Trust (IHT)
On May 7, 2024, Chairman James Wirth of InnSuites Hospitality Trust (IHT) purchased 300 shares of the company, as reported in a recent SEC Filing. This transaction is part of a series of buys from the insider, totaling 20,961 shares over the past year.
InnSuites Hospitality Trust operates as a real estate investment trust (REIT), focusing on hotel ownership and management. The trust is known for its portfolio of hotel properties, primarily under the InnSuites brand, which offers accommodations and amenities tailored to business and leisure travelers.
The recent acquisition by the insider occurred at a price of $400.81 per share, valuing the transaction at approximately $120,243. This purchase follows a trend of consistent insider buying activity at the company, with a total of 30 insider buys and no insider sales over the past year.
On the valuation front, InnSuites Hospitality Trust has a market cap of $11.731 million. The stock's price-earnings ratio stands at 40.63, which is above both the industry median and the company's historical median. Additionally, the GF Value of the stock is calculated at $2.71, indicating a price-to-GF-Value ratio of 147.9. This suggests that the stock might be overvalued, warranting caution from potential investors.
The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past performance, and future business performance estimates provided by Morningstar analysts.
The insider's recent purchase could signal a positive outlook on the company's future performance, despite the current valuation metrics suggesting a premium price. Investors should consider both the insider activity and comprehensive valuation assessments when analyzing the potential of InnSuites Hospitality Trust.
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.
This article first appeared on GuruFocus.
