InnSuites Hospitality Trust (NYSE:IHT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report report published on Saturday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of NYSE:IHT opened at $2.65 on Friday. The business’s 50 day moving average price is $2.53 and its 200-day moving average price is $2.20. InnSuites Hospitality Trust has a 1 year low of $1.25 and a 1 year high of $2.70. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $23.22 million, a PE ratio of -26.49 and a beta of 0.14.

InnSuites Hospitality Trust Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 24th were paid a $0.01 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend was Friday, January 24th. InnSuites Hospitality Trust’s dividend payout ratio (DPR) is -20.00%.

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.