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

StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHTFree Report) in a research note issued to investors on Monday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of NYSE IHT opened at $2.52 on Monday. The firm has a market capitalization of $22.09 million, a P/E ratio of -25.20 and a beta of 0.21. 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 one year low of $1.25 and a one year high of $2.70. The company’s fifty day moving average is $2.29 and its two-hundred day moving average is $1.99.

InnSuites Hospitality Trust Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 24th will be paid a $0.01 dividend. This represents a yield of 0.8%. The ex-dividend date is Friday, January 24th. InnSuites Hospitality Trust’s payout ratio is -20.00%.

About InnSuites Hospitality Trust

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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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