InnSuites Hospitality Trust (NYSE:IHT) Declares $0.01 Semi-annual Dividend

InnSuites Hospitality Trust (NYSE:IHT) declared a semi-annual dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.01 per share on Wednesday, February 5th. This represents a dividend yield of 0.8%. The ex-dividend date is Friday, January 24th.

InnSuites Hospitality Trust Trading Down 3.5 %

Shares of IHT stock traded down $0.09 during mid-day trading on Monday, reaching $2.50. The company’s stock had a trading volume of 9,873 shares, compared to its average volume of 9,225. The company’s 50 day simple moving average is $2.18 and its 200-day simple moving average is $1.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.54. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70. The firm has a market capitalization of $21.91 million, a PE ratio of -41.66 and a beta of 0.21.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on InnSuites Hospitality Trust in a research report on Saturday. They issued a “hold” rating for the company.

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.