Sotherly Hotels (NASDAQ:SOHO) Announces Earnings Results, Misses Estimates By $0.08 EPS

Sotherly Hotels (NASDAQ:SOHOGet Rating) posted its quarterly earnings data on Thursday. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08), MarketWatch Earnings reports. Sotherly Hotels had a negative net margin of 20.55% and a negative return on equity of 85.71%. During the same period in the previous year, the firm posted ($0.33) EPS.

Shares of SOHO stock opened at $1.86 on Friday. Sotherly Hotels has a twelve month low of $1.60 and a twelve month high of $4.17. The stock has a fifty day simple moving average of $2.03 and a two-hundred day simple moving average of $2.19. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 22.96.

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in shares of Sotherly Hotels in the 3rd quarter worth $107,000. Renaissance Technologies LLC lifted its holdings in shares of Sotherly Hotels by 13.3% in 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. Finally, Geode Capital Management LLC lifted its holdings in shares of Sotherly Hotels by 5.0% in 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. Institutional investors and hedge funds own 23.47% of the company’s stock.

SOHO has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Sotherly Hotels in a report on Friday. They set a “hold” rating for the company. Zacks Investment Research upgraded Sotherly Hotels from a “sell” rating to a “hold” rating in a report on Thursday, January 20th.

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.

See Also

Earnings History for Sotherly Hotels (NASDAQ:SOHO)

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