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

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

InnSuites Hospitality Trust Stock Performance

Shares of InnSuites Hospitality Trust stock opened at $1.92 on Friday. The business’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.59. The firm has a market capitalization of $17.28 million, a P/E ratio of -95.75 and a beta of 0.14. InnSuites Hospitality Trust has a 12 month low of $1.11 and a 12 month high of $2.25. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49.

InnSuites Hospitality Trust Announces Dividend

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

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.