Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Sotherly Hotels stock opened at $0.85 on Thursday. The company’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $1.13. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. Sotherly Hotels has a 1 year low of $0.81 and a 1 year high of $1.54. The company has a market capitalization of $16.93 million, a price-to-earnings ratio of -2.59 and a beta of 1.55.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.30). Sotherly Hotels had a net margin of 0.92% and a return on equity of 3.48%. The firm had revenue of $40.70 million during the quarter, compared to analysts’ expectations of $42.00 million. As a group, equities research analysts expect that Sotherly Hotels will post 0.55 earnings per share for the current year.

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.