SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Updates FY 2019 Earnings Guidance

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.02-1.08 for the period. The company issued revenue guidance of $184.247-187.053 million, compared to the consensus revenue estimate of $186.5 million.

Separately, Zacks Investment Research downgraded SOTHERLY HOTELS/SH SH from a hold rating to a sell rating in a report on Saturday, August 10th.

SOHO stock opened at $6.66 on Friday. SOTHERLY HOTELS/SH SH has a fifty-two week low of $5.43 and a fifty-two week high of $7.69. The business’s 50-day moving average is $7.00 and its two-hundred day moving average is $6.97. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.86 and a current ratio of 2.27. The company has a market cap of $95.86 million, a price-to-earnings ratio of 6.40 and a beta of 0.74.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.59). The firm had revenue of $51.54 million during the quarter, compared to the consensus estimate of $52.40 million. SOTHERLY HOTELS/SH SH had a negative net margin of 1.54% and a negative return on equity of 3.21%. Equities analysts predict that SOTHERLY HOTELS/SH SH will post 1.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 13th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Thursday, September 12th. SOTHERLY HOTELS/SH SH’s payout ratio is 50.00%.

In related news, CEO Andrew Sims sold 7,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $7.55, for a total transaction of $52,850.00. Following the completion of the sale, the chief executive officer now owns 389,855 shares in the company, valued at $2,943,405.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David R. Folsom sold 8,517 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $7.60, for a total value of $64,729.20. Following the sale, the insider now owns 261,674 shares of the company’s stock, valued at approximately $1,988,722.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,643 shares of company stock valued at $276,316. Company insiders own 14.40% of the company’s stock.

About SOTHERLY HOTELS/SH SH

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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