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

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note released on Monday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

SOHO opened at $1.30 on Monday. The stock’s 50 day simple moving average is $1.28 and its 200 day simple moving average is $1.35. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. Sotherly Hotels has a 1 year low of $1.07 and a 1 year high of $2.50. The firm has a market cap of $25.70 million, a price-to-earnings ratio of -6.17 and a beta of 1.67.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.24). The company had revenue of $46.55 million for the quarter, compared to the consensus estimate of $45.80 million. Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. During the same quarter in the previous year, the business earned $0.24 earnings per share. As a group, analysts predict that Sotherly Hotels will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC raised its holdings in Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,519 shares of the real estate investment trust’s stock after buying an additional 11,944 shares during the quarter. PSI Advisors LLC owned about 0.59% of Sotherly Hotels worth $170,000 at the end of the most recent quarter. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

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.