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

Posted by Doug Wharley on Sep 24th, 2024

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) in a research note released on Saturday. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of NYSE IHT opened at $1.92 on Friday. The stock has a market cap of $17.28 million, a PE ratio of -95.75 and a beta of 0.14. InnSuites Hospitality Trust has a fifty-two week low of $1.11 and a fifty-two week high of $2.25. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a fifty day moving average of $1.76 and a 200-day moving average of $1.59.

InnSuites Hospitality Trust Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th were paid a $0.01 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 19th. InnSuites Hospitality Trust’s payout ratio is presently -100.00%.

About InnSuites Hospitality Trust

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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.