InnSuites Hospitality Trust (NYSE:IHT) Earns Hold Rating from Analysts at StockNews.com

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

InnSuites Hospitality Trust Stock Up 5.5 %

NYSE:IHT opened at $2.39 on Tuesday. 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 company has a 50-day moving average of $2.53 and a 200 day moving average of $2.25. The firm has a market cap of $20.90 million, a PE ratio of -23.85 and a beta of 0.14.

InnSuites Hospitality Trust Dividend Announcement

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