InnSuites Hospitality Trust (NYSE:IHT) Shares Down 1.1% – What’s Next?

InnSuites Hospitality Trust (NYSE:IHT) shares traded down 1.1% on Thursday . The company traded as low as $1.78 and last traded at $1.82. 77,335 shares traded hands during trading, a decline of 62% from the average session volume of 203,518 shares. The stock had previously closed at $1.84.

InnSuites Hospitality Trust Stock Performance

The firm has a market capitalization of $16.00 million, a price-to-earnings ratio of -18.20 and a beta of -0.01. 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 fifty day moving average is $2.00 and its two-hundred day moving average is $2.24.

InnSuites Hospitality Trust Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were issued 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 dividend payout ratio (DPR) is currently -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.