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

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note published on Sunday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of IHT opened at $2.54 on Friday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a 50-day moving average of $2.24 and a two-hundred day moving average of $1.96. The stock has a market cap of $22.29 million, a P/E ratio of -25.44 and a beta of 0.21. InnSuites Hospitality Trust has a one year low of $1.25 and a one year high of $2.70.

InnSuites Hospitality Trust Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 24th will be given a dividend of $0.01 per share. This represents a yield of 0.8%. The ex-dividend date is Friday, January 24th. InnSuites Hospitality Trust’s dividend payout ratio is presently -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.