Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHOFree Report) in a report issued on Friday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Up 2.6 %

NASDAQ:SOHO opened at $1.20 on Friday. Sotherly Hotels has a 1-year low of $1.09 and a 1-year high of $2.50. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $23.82 million, a P/E ratio of -5.71 and a beta of 1.67. The company’s fifty day moving average price is $1.32 and its 200-day moving average price is $1.39.

Sotherly Hotels (NASDAQ:SOHOGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.24). The company 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 quarter in the previous year, the business posted $0.24 EPS. As a group, equities research analysts anticipate that Sotherly Hotels will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC grew its position in Sotherly Hotels Inc. (NASDAQ:SOHOFree Report) by 11.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,519 shares of the real estate investment trust’s stock after acquiring 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 quarter. Institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

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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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