Weiss Ratings Reaffirms “Sell (D)” Rating for Sotherly Hotels (NASDAQ:SOHO)

Sotherly Hotels (NASDAQ:SOHO)‘s stock had its “sell (d)” rating restated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research downgraded Sotherly Hotels from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Sotherly Hotels presently has a consensus rating of “Sell”.

Sotherly Hotels Price Performance

Shares of SOHO opened at $0.79 on Wednesday. Sotherly Hotels has a 1 year low of $0.59 and a 1 year high of $1.54. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $16.27 million, a price-to-earnings ratio of -2.34 and a beta of 0.96. The business has a 50-day moving average of $0.81 and a 200-day moving average of $0.81.

Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings data on Tuesday, August 12th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.13). Sotherly Hotels had a return on equity of 3.69% and a net margin of 0.89%.The company had revenue of $48.79 million for the quarter, compared to the consensus estimate of $51.80 million. Sotherly Hotels has set its FY 2025 guidance at 0.340-0.370 EPS. As a group, equities research analysts anticipate that Sotherly Hotels will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Sotherly Hotels

A number of hedge funds have recently added to or reduced their stakes in SOHO. Gator Capital Management LLC boosted its position in Sotherly Hotels by 17.0% in the first quarter. Gator Capital Management LLC now owns 1,170,147 shares of the real estate investment trust’s stock worth $865,000 after purchasing an additional 169,960 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Sotherly Hotels by 33.0% in the first quarter. Gamco Investors INC. ET AL now owns 835,800 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 207,283 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its position in Sotherly Hotels by 52.1% in the second quarter. Thompson Davis & CO. Inc. now owns 436,190 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 149,489 shares during the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

About Sotherly Hotels

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.