Sandler O’Neill started coverage on shares of Sotherly Hotels Inc. (NASDAQ:SOHO) in a research note published on Wednesday morning. The brokerage issued a hold rating and a $6.00 target price on the real estate investment trust’s stock.
Separately, Zacks Investment Research cut shares of Sotherly Hotels from a buy rating to a hold rating in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $6.00.
Shares of Sotherly Hotels (NASDAQ:SOHO) opened at 5.2454 on Wednesday. The firm’s 50-day moving average is $5.63 and its 200-day moving average is $5.50. The company has a market cap of $78.41 million, a price-to-earnings ratio of 13.7314 and a beta of 0.73. Sotherly Hotels has a one year low of $4.50 and a one year high of $6.94.
Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.13. Sotherly Hotels had a return on equity of 11.01% and a net margin of 3.89%. The company had revenue of $41.83 million for the quarter, compared to the consensus estimate of $42.46 million. Analysts expect that Sotherly Hotels will post $1.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date is Tuesday, September 13th. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.09. Sotherly Hotels’s payout ratio is presently 95.00%.
Large investors have recently made changes to their positions in the stock. Uniplan Investment Counsel Inc. boosted its stake in shares of Sotherly Hotels by 0.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 645,697 shares of the real estate investment trust’s stock worth $3,319,000 after buying an additional 2,176 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Sotherly Hotels during the second quarter worth approximately $605,000. Boston Partners increased its position in Sotherly Hotels by 1.8% in the second quarter. Boston Partners now owns 220,580 shares of the real estate investment trust’s stock worth $1,244,000 after buying an additional 3,850 shares during the period. Vanguard Group Inc. increased its position in Sotherly Hotels by 5.2% in the second quarter. Vanguard Group Inc. now owns 497,627 shares of the real estate investment trust’s stock worth $2,806,000 after buying an additional 24,668 shares during the period. Finally, First Allied Advisory Services Inc. increased its position in Sotherly Hotels by 11.1% in the second quarter. First Allied Advisory Services Inc. now owns 97,184 shares of the real estate investment trust’s stock worth $552,000 after buying an additional 9,721 shares during the period. 29.77% of the stock is owned by institutional investors.
About Sotherly Hotels
Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.
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