StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report published on Monday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock opened at $1.40 on Monday. The firm has a 50-day moving average of $1.37 and a 200-day moving average of $1.43. The stock has a market cap of $27.69 million, a PE ratio of -6.64 and a beta of 1.61. Sotherly Hotels has a 52-week low of $1.13 and a 52-week high of $2.50. 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:SOHO) last posted its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.24). The company had revenue of $46.55 million during the quarter, compared to analyst estimates of $45.80 million. Sotherly Hotels had a net margin of 2.18% and a return on equity of 7.86%. During the same period last year, the firm earned $0.24 EPS. As a group, sell-side analysts forecast that Sotherly Hotels will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sotherly Hotels stock. J.W. Cole Advisors Inc. increased its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,650 shares of the real estate investment trust’s stock after buying an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned 0.27% of Sotherly Hotels worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 27.54% of the company’s stock.

About Sotherly Hotels

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.