InnSuites Hospitality Trust (NYSE:IHT) Now Covered by StockNews.com

StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHTFree Report) in a report released on Tuesday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Trading Up 5.5 %

IHT opened at $2.39 on Tuesday. 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’s 50 day moving average price is $2.53 and its 200-day moving average price is $2.25. InnSuites Hospitality Trust has a one year low of $1.25 and a one year high of $2.70. The stock has a market cap of $20.90 million, a price-to-earnings ratio of -23.85 and a beta of 0.14.

InnSuites Hospitality Trust Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 24th were paid a $0.01 dividend. 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

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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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