StockNews.com Initiates Coverage on Sotherly Hotels (NASDAQ:SOHO)

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

Sotherly Hotels Price Performance

SOHO opened at $0.86 on Thursday. Sotherly Hotels has a one year low of $0.81 and a one year high of $1.54. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $17.15 million, a P/E ratio of -2.62 and a beta of 1.55. The business’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $1.14.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.30). The firm had revenue of $40.70 million for the quarter, compared to analyst estimates of $42.00 million. Sotherly Hotels had a return on equity of 3.48% and a net margin of 0.92%. Analysts anticipate 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.