StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report report published on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock opened at $1.20 on Thursday. The stock has a market cap of $23.82 million, a PE ratio of -5.71 and a beta of 1.67. The business has a fifty day simple moving average of $1.33 and a 200-day simple moving average of $1.40. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 12 month low of $1.13 and a 12 month high of $2.50.

Sotherly Hotels (NASDAQ:SOHO) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.24). The business had revenue of $46.55 million during the quarter, compared to analyst estimates of $45.80 million. Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. During the same period last year, the business earned $0.24 EPS. On average, sell-side analysts anticipate that Sotherly Hotels will post 0.64 EPS for the current fiscal year.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC boosted its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,575 shares of the real estate investment trust’s stock after purchasing an additional 18,000 shares during the period. PSI Advisors LLC owned 0.54% of Sotherly Hotels worth $157,000 at the end of the most recent reporting period. 27.54% of the stock is owned by hedge funds and other institutional investors.

Sotherly Hotels Company Profile

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.