StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) in a research note released on Thursday. The brokerage issued a hold rating on the stock.
InnSuites Hospitality Trust Stock Up 3.0 %
IHT stock opened at $2.61 on Thursday. The stock has a market cap of $22.82 million, a P/E ratio of -26.05 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 twelve month low of $1.25 and a twelve month high of $2.70. The company’s 50 day moving average is $2.43 and its two-hundred day moving average is $2.10.
InnSuites Hospitality Trust Announces Dividend
The business also recently disclosed 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 was Friday, January 24th. This represents a yield of 0.8%. InnSuites Hospitality Trust’s dividend payout ratio is presently -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.
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