StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.
InnSuites Hospitality Trust Price Performance
Shares of InnSuites Hospitality Trust stock opened at $2.50 on Friday. InnSuites Hospitality Trust has a twelve month low of $1.25 and a twelve month high of $2.70. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $21.91 million, a P/E ratio of -41.66 and a beta of 0.21. The firm’s 50-day simple moving average is $2.19 and its 200-day simple moving average is $1.94.
InnSuites Hospitality Trust Announces Dividend
The business also recently announced a semi-annual dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 24th will be issued a $0.01 dividend. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 0.8%. InnSuites Hospitality Trust’s payout ratio 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.
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