StockNews.com Begins Coverage on InnSuites Hospitality Trust (NYSE:IHT)

StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Monday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

NYSE IHT opened at $2.34 on Monday. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62. InnSuites Hospitality Trust has a 1-year low of $1.25 and a 1-year high of $2.70. The stock has a market capitalization of $20.46 million, a price-to-earnings ratio of -23.35 and a beta of 0.14. The business’s fifty day moving average price is $2.55 and its 200-day moving average price is $2.24.

InnSuites Hospitality Trust Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 24th were issued a dividend of $0.01 per share. 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 currently -20.00%.

InnSuites Hospitality Trust Company Profile

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.