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

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Rating) in a research report report published on Monday. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Zacks Investment Research upgraded shares of Sotherly Hotels from a sell rating to a hold rating in a report on Thursday, January 20th.

Shares of SOHO stock opened at $2.07 on Monday. The firm has a 50-day moving average of $2.22 and a 200-day moving average of $2.28. The company has a market cap of $36.50 million, a P/E ratio of -0.98 and a beta of 1.81. The company has a debt-to-equity ratio of 22.96, a current ratio of 0.85 and a quick ratio of 0.85. Sotherly Hotels has a one year low of $1.89 and a one year high of $4.17.

Sotherly Hotels (NASDAQ:SOHO – Get Rating) last posted its quarterly earnings data on Thursday, March 3rd. The real estate investment trust reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.66). Sotherly Hotels had a negative return on equity of 85.71% and a negative net margin of 20.55%. During the same quarter in the previous year, the company posted ($0.69) EPS. As a group, research analysts expect that Sotherly Hotels will post 0.53 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Sotherly Hotels by 5.0% during the third quarter. Geode Capital Management LLC now owns 89,564 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 4,274 shares during the last quarter. Renaissance Technologies LLC boosted its position in Sotherly Hotels by 13.3% during the fourth quarter. Renaissance Technologies LLC now owns 55,509 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 6,495 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Sotherly Hotels by 22.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 46,434 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 8,600 shares during the period. Citadel Advisors LLC bought a new position in Sotherly Hotels during the third quarter worth about $107,000. Finally, Golden State Equity Partners bought a new position in Sotherly Hotels during the third quarter worth about $99,000. Institutional investors and hedge funds own 20.70% of the company’s stock.

About Sotherly Hotels (Get Rating)

Sotherly Hotels, Inc is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

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