Sotherly Hotels (NASDAQ:SOHO) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note released on Tuesday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Shares of NASDAQ SOHO opened at $1.30 on Tuesday. The business’s 50 day moving average price is $1.26 and its two-hundred day moving average price is $1.34. The company has a market cap of $25.81 million, a PE ratio of -6.19 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 twelve month low of $1.07 and a twelve month high of $2.45.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.24). The firm had revenue of $46.55 million for the quarter, compared to the consensus estimate 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 business posted $0.24 EPS. On average, analysts predict that Sotherly Hotels will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC lifted its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,519 shares of the real estate investment trust’s stock after purchasing an additional 11,944 shares during the period. PSI Advisors LLC owned 0.59% of Sotherly Hotels worth $170,000 as of its most recent filing with the Securities and Exchange Commission. 27.54% of the stock is currently owned by institutional investors.

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.