Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Rating) in a note issued to investors on Wednesday. The firm set a “hold” rating on the real estate investment trust’s stock.

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

Shares of SOHO opened at $1.92 on Wednesday. The business’s 50-day simple moving average is $2.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 22.96. The firm has a market capitalization of $33.85 million, a PE ratio of -0.91 and a beta of 1.81. Sotherly Hotels has a 12-month low of $1.89 and a 12-month 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 for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.66). Sotherly Hotels had a negative net margin of 20.55% and a negative return on equity of 85.71%. During the same quarter last year, the business posted ($0.69) earnings per share. Research analysts predict that Sotherly Hotels will post 0.53 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Sotherly Hotels by 5.0% in the third quarter. Geode Capital Management LLC now owns 89,564 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 4,274 shares during the last quarter. PSI Advisors LLC increased its position in Sotherly Hotels by 90.3% during the first quarter. PSI Advisors LLC now owns 75,170 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 35,670 shares during the last quarter. Renaissance Technologies LLC increased 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 last quarter. Cambridge Investment Research Advisors Inc. increased 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 last quarter. Finally, Citadel Advisors LLC acquired a new position in Sotherly Hotels during the third quarter worth approximately $107,000. 20.70% of the stock is owned by institutional investors and hedge funds.

Sotherly Hotels Company Profile (Get Rating)

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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.

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