StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) in a report published on Sunday. The firm issued a hold rating on the stock.
InnSuites Hospitality Trust Stock Performance
IHT stock opened at $1.78 on Friday. InnSuites Hospitality Trust has a fifty-two week low of $1.11 and a fifty-two week high of $2.25. The stock has a fifty day moving average of $1.78 and a 200-day moving average of $1.60. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.54.
InnSuites Hospitality Trust Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, July 19th. This represents a yield of 1.2%. InnSuites Hospitality Trust’s payout ratio is -100.00%.
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.
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