Shares of InnSuites Hospitality Trust (NYSE:IHT – Get Free Report) dropped 0.4% during trading on Tuesday . The company traded as low as $1.0202 and last traded at $1.0310. Approximately 4,847 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 38,003 shares. The stock had previously closed at $1.0350.
InnSuites Hospitality Trust Trading Down 0.4%
The firm’s 50 day moving average is $1.20 and its 200 day moving average is $1.45. The company has a market cap of $9.49 million, a PE ratio of -10.31 and a beta of -0.09. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62.
InnSuites Hospitality Trust Announces Dividend
The company also recently declared a dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.01 per share. This represents a dividend yield of 169.0%. The ex-dividend date was Tuesday, January 27th. InnSuites Hospitality Trust’s payout ratio is -12.50%.
Institutional Inflows and Outflows
InnSuites Hospitality Trust Company Profile
InnSuites Hospitality Trust (NYSE:IHT) is a real estate investment trust specializing in the ownership and operation of lodging properties across the western United States. Structured as a REIT, the company focuses on acquiring, managing and leasing midscale and economy hotel assets. Its portfolio includes full-service, limited-service and extended-stay properties that cater to both transient and group travelers.
The company’s principal activities encompass property management, guest services and facilities upkeep at each of its hotel locations.
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