Research analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Free Report) 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 – 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). 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
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.
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