InnSuites Hospitality Trust (NYSE:IHT) Announces Semi-annual Dividend of $0.01

InnSuites Hospitality Trust (NYSE:IHT) declared a semi-annual dividend on Monday, January 13th,Wall Street Journal reports. Shareholders of record on Friday, January 24th will be given a dividend of 0.01 per share on Wednesday, February 5th. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, January 24th.

InnSuites Hospitality Trust Trading Up 0.6 %

IHT opened at $2.54 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. InnSuites Hospitality Trust has a 52 week low of $1.25 and a 52 week high of $2.70. The stock has a market cap of $22.29 million, a PE ratio of -25.44 and a beta of 0.21. The business has a 50 day moving average of $2.24 and a 200-day moving average of $1.96.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on InnSuites Hospitality Trust in a research report on Sunday. They set a “hold” rating for the company.

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.