Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

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

Sotherly Hotels Stock Performance

Shares of SOHO stock opened at $1.15 on Friday. The stock has a fifty day moving average price of $1.32 and a 200 day moving average price of $1.38. The stock has a market cap of $22.83 million, a PE ratio of -5.48 and a beta of 1.67. Sotherly Hotels has a 1 year low of $1.09 and a 1 year high of $2.50. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly 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 company had revenue of $46.55 million during 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 period last year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that Sotherly Hotels will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. raised its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,650 shares of the real estate investment trust’s stock after acquiring an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent reporting period. Institutional investors own 27.54% of the company’s stock.

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.