Equities research analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Free Report) in a report released on Wednesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.
Sotherly Hotels Price Performance
Shares of SOHO opened at $1.28 on Wednesday. The company’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.33. 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 has a 1 year low of $1.07 and a 1 year high of $2.25. The stock has a market capitalization of $25.41 million, a PE ratio of -6.10 and a beta of 1.67.
Sotherly Hotels (NASDAQ:SOHO – Get Free Report) 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). Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. The business had revenue of $46.55 million for the quarter, compared to analyst estimates of $45.80 million. During the same quarter last year, the company earned $0.24 earnings per share. Analysts forecast that Sotherly Hotels will post 0.64 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sotherly Hotels
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.
See Also
- Five stocks we like better than Sotherly Hotels
- Stock Analyst Ratings and Canadian Analyst Ratings
- First Solar Stock: The Dawn of a New Rally in Share Prices
- What Are Growth Stocks and Investing in Them
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Best Stocks Under $5.00
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for Sotherly Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotherly Hotels and related companies with MarketBeat.com's FREE daily email newsletter.