SOTHERLY HOTELS/SH SH (NASDAQ:SOHO)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.54 and traded as high as $6.73. SOTHERLY HOTELS/SH SH shares last traded at $6.70, with a volume of 900 shares traded.
Separately, Zacks Investment Research cut SOTHERLY HOTELS/SH SH from a “hold” rating to a “sell” rating in a report on Friday, November 15th.
The firm has a fifty day moving average of $6.54 and a 200-day moving average of $6.83. The stock has a market capitalization of $95.40 million, a price-to-earnings ratio of 6.42 and a beta of 0.73. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 3.37.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.52 dividend on an annualized basis and a yield of 7.78%. SOTHERLY HOTELS/SH SH’s payout ratio is 50.00%.
In other SOTHERLY HOTELS/SH SH news, CEO Andrew Sims sold 17,751 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $6.76, for a total value of $119,996.76. Following the sale, the chief executive officer now owns 344,879 shares of the company’s stock, valued at $2,331,382.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.40% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Cottage Street Advisors LLC grew its stake in 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 during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 10.5% in the second quarter. Renaissance Technologies LLC now owns 599,734 shares of the real estate investment trust’s stock valued at $4,174,000 after purchasing an additional 57,021 shares in the last quarter. Wiley BROS. Aintree Capital LLC lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 155.0% in the third quarter. Wiley BROS. Aintree Capital LLC now owns 25,500 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 15,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of SOTHERLY HOTELS/SH SH in the second quarter valued at approximately $79,000. Finally, NEXT Financial Group Inc acquired a new stake in shares of SOTHERLY HOTELS/SH SH in the third quarter valued at approximately $62,000. 30.17% of the stock is owned by institutional investors and hedge funds.
About SOTHERLY HOTELS/SH SH (NASDAQ:SOHO)
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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