InnSuites Hospitality Trust (NYSE:IHT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report sent to investors on Sunday. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

NYSE:IHT opened at $2.58 on Friday. The company has a market cap of $22.61 million, a P/E ratio of -25.80 and a beta of 0.14. The firm’s 50 day moving average is $2.57 and its two-hundred day moving average is $2.23. InnSuites Hospitality Trust has a fifty-two week low of $1.25 and a fifty-two week high of $2.70. 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 Announces Dividend

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