Sotherly Hotels (NASDAQ:SOHO) Receives New Coverage from Analysts at StockNews.com

Posted by Defense World Staff on Jul 7th, 2024

Equities research analysts at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Free Report) in a report issued on Sunday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Up 1.3 %

Shares of NASDAQ SOHO opened at $1.17 on Friday. The firm’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.37. The company has a market cap of $23.22 million, a price-to-earnings ratio of -5.57 and a beta of 1.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 12-month low of $1.09 and a 12-month high of $2.50.

Sotherly Hotels (NASDAQ:SOHO – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.24). The company had revenue of $46.55 million for the quarter, compared to analyst estimates of $45.80 million. Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. During the same quarter last year, the company earned $0.24 EPS. On average, research analysts expect that Sotherly Hotels will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. boosted its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO – Free Report) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

(Get Free Report)

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.