InnSuites Hospitality Trust (NYSE:IHT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report released on Wednesday. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Down 1.8 %

Shares of InnSuites Hospitality Trust stock opened at $2.41 on Wednesday. InnSuites Hospitality Trust has a 1 year low of $1.25 and a 1 year high of $2.70. The firm has a market cap of $21.08 million, a price-to-earnings ratio of -24.05 and a beta of -0.04. The company has a 50-day moving average of $2.49 and a 200 day moving average of $2.28. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62.

InnSuites Hospitality Trust Announces Dividend

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