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 note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

InnSuites Hospitality Trust stock opened at $2.57 on Tuesday. The firm has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.03. The firm has a market capitalization of $22.47 million, a PE ratio of -25.65 and a beta of 0.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70.

InnSuites Hospitality Trust Announces Dividend

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