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

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

InnSuites Hospitality Trust Trading Up 0.6 %

Shares of NYSE IHT opened at $2.54 on Friday. The business has a fifty day moving average price of $2.24 and a 200 day moving average price of $1.96. 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 stock has a market capitalization of $22.29 million, a P/E ratio of -25.44 and a beta of 0.21.

InnSuites Hospitality Trust Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 24th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a yield of 0.8%. InnSuites Hospitality Trust’s dividend payout ratio (DPR) is -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.