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

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

InnSuites Hospitality Trust Stock Performance

NYSE:IHT opened at $2.65 on Friday. The company’s 50-day moving average is $2.53 and its two-hundred day moving average is $2.20. InnSuites Hospitality Trust has a 1-year low of $1.25 and a 1-year high of $2.70. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $23.22 million, a price-to-earnings ratio of -26.49 and a beta of 0.14.

InnSuites Hospitality Trust Dividend Announcement

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

InnSuites Hospitality Trust Company Profile

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.