Sotherly Hotels (NASDAQ:SOHO) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Sotherly Hotels Inc. (NASDAQ:SOHO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.53 and traded as high as $2.24. Sotherly Hotels shares last traded at $2.22, with a volume of 128,869 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SOHO shares. Zacks Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Sotherly Hotels in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Sotherly Hotels Price Performance

The stock has a 50 day moving average of $2.18 and a 200-day moving average of $1.53. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 8.73. The stock has a market capitalization of $45.49 million, a P/E ratio of -5.29 and a beta of 0.71.

Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings data on Friday, November 14th. The real estate investment trust reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28). Sotherly Hotels had a negative net margin of 0.15% and a negative return on equity of 0.64%. The business had revenue of $38.01 million during the quarter, compared to the consensus estimate of $40.20 million. On average, equities research analysts anticipate that Sotherly Hotels Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sotherly Hotels

Several large investors have recently added to or reduced their stakes in SOHO. AlphaCore Capital LLC bought a new stake in Sotherly Hotels during the 4th quarter valued at $677,000. Thompson Davis & CO. Inc. grew its position in shares of Sotherly Hotels by 52.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 436,190 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 149,489 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Sotherly Hotels by 2.6% during the second quarter. Gamco Investors INC. ET AL now owns 857,800 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 22,000 shares during the period. 27.54% of the stock is owned by hedge funds and other institutional investors.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a publicly traded real estate investment trust that acquires, develops and operates select-service and midscale hotel properties in the United States. Its common shares trade on the NASDAQ under the symbol SOHO. The company focuses on branded, asset-light opportunities designed to generate stable cash flow and long-term value through strategic acquisitions and capital improvements.

The company’s portfolio comprises properties affiliated with leading national brands—such as Hilton Garden Inn, Hampton Inn, Holiday Inn Express and similar flags—located primarily in the southeastern and mid-Atlantic United States.