InnSuites Hospitality Trust (IHT) to Issue Semi-annual Dividend of $0.01 on February 5th

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

InnSuites Hospitality Trust Price Performance

IHT stock opened at $2.54 on Wednesday. The stock has a market capitalization of $22.29 million, a price-to-earnings ratio of -25.44 and a beta of 0.21. The firm’s 50-day moving average price is $2.24 and its two-hundred day moving average price is $1.96. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on InnSuites Hospitality Trust in a research report on Sunday. They set a “hold” rating for the company.

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.