SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) CEO Andrew Sims sold 19,126 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $6.80, for a total value of $130,056.80. Following the completion of the transaction, the chief executive officer now owns 380,813 shares of the company’s stock, valued at approximately $2,589,528.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Andrew Sims also recently made the following trade(s):
- On Friday, June 21st, Andrew Sims sold 4,000 shares of SOTHERLY HOTELS/SH SH stock. The stock was sold at an average price of $7.17, for a total value of $28,680.00.
- On Wednesday, June 12th, Andrew Sims sold 7,000 shares of SOTHERLY HOTELS/SH SH stock. The stock was sold at an average price of $7.55, for a total value of $52,850.00.
Shares of NASDAQ:SOHO traded down $0.09 on Thursday, hitting $6.66. The company’s stock had a trading volume of 24,414 shares, compared to its average volume of 37,038. The firm’s 50-day moving average price is $7.01. SOTHERLY HOTELS/SH SH has a 1 year low of $5.43 and a 1 year high of $7.69. The stock has a market cap of $98.99 million, a P/E ratio of 6.42 and a beta of 0.74. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 4.93.
SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.59). SOTHERLY HOTELS/SH SH had a negative net margin of 1.54% and a negative return on equity of 3.41%. The business had revenue of $51.54 million during the quarter, compared to analysts’ expectations of $52.40 million. Sell-side analysts anticipate that SOTHERLY HOTELS/SH SH will post 1.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.52 annualized dividend and a dividend yield of 7.81%. SOTHERLY HOTELS/SH SH’s payout ratio is currently 50.00%.
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of SOTHERLY HOTELS/SH SH by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 614,913 shares of the real estate investment trust’s stock valued at $4,279,000 after acquiring an additional 4,300 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of SOTHERLY HOTELS/SH SH by 10.5% in the 2nd quarter. Renaissance Technologies LLC now owns 599,734 shares of the real estate investment trust’s stock valued at $4,174,000 after acquiring an additional 57,021 shares in the last quarter. Cottage Street Advisors LLC raised its holdings in shares of SOTHERLY HOTELS/SH SH by 22.6% in the 2nd quarter. Cottage Street Advisors LLC now owns 406,655 shares of the real estate investment trust’s stock valued at $2,830,000 after acquiring an additional 74,964 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SOTHERLY HOTELS/SH SH by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 138,822 shares of the real estate investment trust’s stock valued at $779,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of SOTHERLY HOTELS/SH SH in the 1st quarter valued at about $434,000. 29.57% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut SOTHERLY HOTELS/SH SH from a “hold” rating to a “sell” rating in a report on Saturday, August 10th.
SOTHERLY HOTELS/SH SH 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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.
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