InnSuites Hospitality Trust (NYSE:IHT) Trading 1.3% Higher – What’s Next?

InnSuites Hospitality Trust (NYSE:IHT) shot up 1.3% during mid-day trading on Monday . The stock traded as high as $2.00 and last traded at $2.00. 1,427 shares changed hands during trading, a decline of 59% from the average session volume of 3,502 shares. The stock had previously closed at $1.97.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of InnSuites Hospitality Trust in a report on Monday, May 19th. They set a “hold” rating for the company.

InnSuites Hospitality Trust Stock Up 1.3%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. The company has a market capitalization of $17.48 million, a price-to-earnings ratio of -19.95 and a beta of 0.07. The stock’s fifty day moving average price is $2.16 and its 200-day moving average price is $2.35.

InnSuites Hospitality Trust Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were given a dividend of $0.01 per share. This represents a yield of 90.0%. The ex-dividend date of this dividend was Friday, July 25th. InnSuites Hospitality Trust’s payout ratio is -13.33%.

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.