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 report report published on Saturday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

IHT opened at $2.61 on Friday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.62 and a current ratio of 1.62. InnSuites Hospitality Trust has a 52-week low of $1.25 and a 52-week high of $2.70. The stock has a market capitalization of $22.87 million, a PE ratio of -26.10 and a beta of 0.14. The stock’s 50 day moving average price is $2.53 and its 200-day moving average price is $2.19.

InnSuites Hospitality Trust Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 24th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 0.8%. 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.