StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) in a report issued on Thursday. The firm issued a hold rating on the stock.
InnSuites Hospitality Trust Price Performance
Shares of NYSE:IHT opened at $2.18 on Thursday. The company’s 50 day simple moving average is $1.70 and its 200 day simple moving average is $1.55. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.67 and a quick ratio of 1.67. InnSuites Hospitality Trust has a 1 year low of $0.95 and a 1 year high of $2.20.
InnSuites Hospitality Trust Dividend Announcement
The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 19th were paid a $0.01 dividend. The ex-dividend date was Friday, July 19th. This represents a yield of 1.2%. InnSuites Hospitality Trust’s dividend payout ratio (DPR) is -100.00%.
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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