Sotherly Hotels (NASDAQ:SOHO) Issues Quarterly Earnings Results

Sotherly Hotels (NASDAQ:SOHO) issued its quarterly earnings data on Friday. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03), Zacks reports. Sotherly Hotels had a return on equity of 3.69% and a net margin of 0.89%.

Sotherly Hotels Price Performance

NASDAQ SOHO remained flat at $2.16 on Friday. 630,776 shares of the company’s stock traded hands, compared to its average volume of 158,805. The company has a market capitalization of $44.26 million, a price-to-earnings ratio of -6.35 and a beta of 1.04. Sotherly Hotels has a 1 year low of $0.59 and a 1 year high of $2.18. The company has a debt-to-equity ratio of 7.10, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $0.97.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Sotherly Hotels in a report on Wednesday, October 8th. Zacks Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Institutional Trading of Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. Gamco Investors INC. ET AL boosted its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 857,800 shares of the real estate investment trust’s stock after acquiring an additional 22,000 shares during the quarter. Gamco Investors INC. ET AL owned 4.19% of Sotherly Hotels worth $815,000 as of its most recent filing with the Securities & Exchange Commission. 27.54% of the stock is currently owned by 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.