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

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

InnSuites Hospitality Trust Stock Performance

NYSE IHT opened at $2.65 on Friday. The company has a 50-day simple moving average of $2.49 and a two-hundred day simple moving average of $2.15. The company has a quick ratio of 1.62, a current 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. The firm has a market cap of $23.18 million, a price-to-earnings ratio of -26.45 and a beta of 0.22.

InnSuites Hospitality Trust Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 24th were given a dividend of $0.01 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 0.8%. InnSuites Hospitality Trust’s payout ratio is -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.