Sotherly Hotels (NASDAQ:SOHO) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a note issued to investors on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Down 2.5 %

NASDAQ:SOHO opened at $1.15 on Friday. The firm has a market cap of $22.83 million, a P/E ratio of -5.48 and a beta of 1.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. The stock’s 50 day simple moving average is $1.32 and its 200-day simple moving average is $1.38. Sotherly Hotels has a 12-month low of $1.09 and a 12-month high of $2.50.

Sotherly Hotels (NASDAQ:SOHO) last released its earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share (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 in the previous year, the firm posted $0.24 EPS. Equities analysts anticipate that Sotherly Hotels will post 0.64 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC increased its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.59% of Sotherly Hotels worth $170,000 as of its most recent SEC filing. 27.54% of the stock is owned by institutional investors and hedge funds.

Sotherly Hotels 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. Sotherly may also opportunistically acquire hotels throughout the United States.