Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Down 3.9 %

NASDAQ SOHO opened at $0.83 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $16.48 million, a P/E ratio of -2.52 and a beta of 1.55. Sotherly Hotels has a 52-week low of $0.81 and a 52-week high of $1.54. The firm has a 50-day moving average price of $0.96 and a 200 day moving average price of $1.14.

Sotherly Hotels (NASDAQ:SOHO) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.30). Sotherly Hotels had a return on equity of 3.48% and a net margin of 0.92%. The business had revenue of $40.70 million for the quarter, compared to analysts’ expectations of $42.00 million. Equities research analysts expect that Sotherly Hotels will post 0.55 EPS for the current year.

About Sotherly Hotels

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.