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

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set 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.

SOHO stock opened at $2.05 on Tuesday. The company has a market capitalization of $36.14 million, a PE ratio of -0.97 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 12 month low of $1.89 and a 12 month high of $4.17. The business has a 50-day moving average of $2.22.

Sotherly Hotels (NASDAQ:SOHO – Get Rating) last posted its earnings results on Thursday, March 3rd. The real estate investment trust reported ($1.05) 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 prior year, the firm posted ($0.69) earnings per share. Sell-side analysts forecast that Sotherly Hotels will post 0.53 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Sotherly Hotels by 5.0% during the 3rd 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 period. Renaissance Technologies LLC grew its position in shares of Sotherly Hotels by 13.3% during the 4th quarter. Renaissance Technologies LLC now owns 55,509 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 6,495 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Sotherly Hotels by 22.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 46,434 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 8,600 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Sotherly Hotels during the 4th quarter worth approximately $59,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Sotherly Hotels during the 3rd quarter worth approximately $31,000. 20.70% of the stock is owned by institutional investors.

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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