Sotherly Hotels (NASDAQ:SOHO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Saturday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Up 4.0 %

NASDAQ:SOHO opened at $0.84 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. Sotherly Hotels has a 1-year low of $0.78 and a 1-year high of $1.54. The firm has a market capitalization of $16.73 million, a price-to-earnings ratio of -2.55 and a beta of 1.53. The business’s 50-day moving average price is $0.92 and its two-hundred day moving average price is $1.10.

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

Hedge Funds Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. Thompson Davis & CO. Inc. increased its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 323,201 shares of the real estate investment trust’s stock after buying an additional 57,666 shares during the quarter. Thompson Davis & CO. Inc. owned 1.63% of Sotherly Hotels worth $301,000 as of its most recent SEC filing. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

Sotherly Hotels Company Profile

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.