Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHOGet Free Report) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

NASDAQ:SOHO opened at $1.21 on Thursday. The firm has a market capitalization of $23.92 million, a price-to-earnings ratio of -5.74 and a beta of 1.67. Sotherly Hotels has a 52-week low of $1.13 and a 52-week high of $2.50. The stock has a fifty day moving average of $1.34 and a 200 day moving average of $1.40. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38.

Sotherly Hotels (NASDAQ:SOHOGet Free Report) last issued 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). Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. The firm had revenue of $46.55 million for the quarter, compared to the consensus estimate of $45.80 million. During the same period last year, the firm earned $0.24 EPS. On average, research analysts expect that Sotherly Hotels will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC boosted its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHOFree Report) by 11.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,519 shares of the real estate investment trust’s stock after purchasing an additional 11,944 shares during the period. PSI Advisors LLC owned about 0.59% of Sotherly Hotels worth $170,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 27.54% of the company’s stock.

About Sotherly Hotels

(Get Free Report)

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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