InnSuites Hospitality Trust (NYSE:IHT) Declares Semi-annual Dividend of $0.01

InnSuites Hospitality Trust (NYSE:IHT) announced a semi-annual dividend on Monday, January 13th,Wall Street Journal reports. Shareholders of record on Friday, January 24th will be given a dividend of 0.01 per share on Wednesday, February 5th. This represents a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 24th.

InnSuites Hospitality Trust Stock Performance

IHT stock traded down $0.09 during mid-day trading on Monday, reaching $2.50. The company had a trading volume of 9,873 shares, compared to its average volume of 9,225. InnSuites Hospitality Trust has a one year low of $1.25 and a one year high of $2.70. The stock has a market capitalization of $21.91 million, a P/E ratio of -41.66 and a beta of 0.21. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.54. The stock’s 50-day simple moving average is $2.18 and its two-hundred day simple moving average is $1.93.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of InnSuites Hospitality Trust in a research note on Saturday. They issued a “hold” rating on the stock.

About InnSuites Hospitality Trust

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.