StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.
InnSuites Hospitality Trust Stock Performance
IHT opened at $1.60 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The company’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.48. InnSuites Hospitality Trust has a 1-year low of $0.95 and a 1-year high of $2.33. The company has a market cap of $14.43 million, a price-to-earnings ratio of -80.00 and a beta of 0.11.
InnSuites Hospitality Trust Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be paid a $0.01 dividend. The ex-dividend date is Friday, July 19th. This represents a dividend yield of 1.2%. InnSuites Hospitality Trust’s payout ratio is -100.00%.
Insider Transactions at InnSuites Hospitality Trust
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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