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

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

Sotherly Hotels Stock Up 2.1 %

Shares of SOHO opened at $0.81 on Friday. Sotherly Hotels has a 12 month low of $0.78 and a 12 month high of $1.54. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The company has a 50-day moving average price of $0.92 and a two-hundred day moving average price of $1.11. The stock has a market cap of $16.08 million, a price-to-earnings ratio of -2.45 and a beta of 1.53.

Sotherly Hotels (NASDAQ:SOHO) last issued its 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 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%. Equities analysts predict that Sotherly Hotels will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. Thompson Davis & CO. Inc. increased its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,201 shares of the real estate investment trust’s stock after buying an additional 57,666 shares during the period. Thompson Davis & CO. Inc. owned 1.63% of Sotherly Hotels worth $301,000 at the end of the most recent quarter. 27.54% of the stock is owned by institutional investors and hedge funds.

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.