InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated by Analysts at StockNews.com

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

InnSuites Hospitality Trust Price Performance

IHT stock opened at $2.61 on Thursday. The business’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.10. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $22.82 million, a P/E ratio of -26.05 and a beta of 0.22. InnSuites Hospitality Trust has a 1 year low of $1.25 and a 1 year high of $2.70.

InnSuites Hospitality Trust Announces Dividend

The company also recently declared 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. This represents a yield of 0.8%. The ex-dividend date of this dividend was Friday, January 24th. InnSuites Hospitality Trust’s dividend payout ratio (DPR) 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.