InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note released on Sunday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Down 3.4 %

IHT stock opened at $2.54 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. The business has a 50 day moving average price of $2.57 and a two-hundred day moving average price of $2.22. The company has a market cap of $22.26 million, a price-to-earnings ratio of -25.40 and a beta of 0.14. InnSuites Hospitality Trust has a twelve month low of $1.25 and a twelve month high of $2.70.

InnSuites Hospitality Trust Announces Dividend

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