StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a report issued on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Price Performance
SOHO stock opened at $1.21 on Thursday. The firm has a market cap of $24.02 million, a PE ratio of -5.76 and a beta of 1.67. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.32. Sotherly Hotels has a one year low of $1.07 and a one year high of $2.18.
Sotherly Hotels (NASDAQ:SOHO – Get Free Report) last released its quarterly 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 firm had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $45.80 million. Sotherly Hotels had a net margin of 2.18% and a return on equity of 7.86%. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Sotherly Hotels will post 0.64 EPS for the current year.
Institutional Trading of Sotherly Hotels
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.
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