Sotherly Hotels (NASDAQ:SOHO) Shares Pass Above Fifty Day Moving Average – Here’s Why

Sotherly Hotels Inc. (NASDAQ:SOHO)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.17 and traded as high as $2.24. Sotherly Hotels shares last traded at $2.24, with a volume of 159,655 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sotherly Hotels in a research note on Thursday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sotherly Hotels currently has an average rating of “Reduce”.

Sotherly Hotels Trading Up 0.9%

The company has a market capitalization of $45.90 million, a P/E ratio of -5.33 and a beta of 0.70. The company has a 50-day simple moving average of $2.17 and a 200 day simple moving average of $1.45. The company has a debt-to-equity ratio of 8.73, a quick ratio of 1.62 and a current ratio of 1.62.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sotherly Hotels stock. Thompson Davis & CO. Inc. grew its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 52.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 436,190 shares of the real estate investment trust’s stock after buying an additional 149,489 shares during the period. Thompson Davis & CO. Inc. owned approximately 2.13% of Sotherly Hotels worth $414,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 27.54% of the company’s stock.

About Sotherly Hotels

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.