Sotherly Hotels Inc. (NASDAQ:SOHO) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research note issued on Wednesday.
A number of other research firms have also recently commented on SOHO. ValuEngine upgraded Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a report on Friday, May 26th. Zacks Investment Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Sotherly Hotels currently has an average rating of “Hold” and a consensus target price of $7.00.
Shares of Sotherly Hotels (NASDAQ:SOHO) opened at 6.23 on Wednesday. The stock’s market capitalization is $86.05 million. The stock has a 50 day moving average price of $6.57 and a 200 day moving average price of $6.60. Sotherly Hotels has a one year low of $4.65 and a one year high of $7.66.
Sotherly Hotels (NASDAQ:SOHO) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.39. The company had revenue of $40.64 million for the quarter, compared to analyst estimates of $42.50 million. Sotherly Hotels had a return on equity of 2.96% and a net margin of 1.59%. Equities analysts forecast that Sotherly Hotels will post $0.37 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOHO. LSV Asset Management boosted its position in Sotherly Hotels by 3.8% in the second quarter. LSV Asset Management now owns 253,990 shares of the real estate investment trust’s stock worth $1,722,000 after buying an additional 9,300 shares in the last quarter. Bard Associates Inc. boosted its position in Sotherly Hotels by 3.1% in the first quarter. Bard Associates Inc. now owns 204,811 shares of the real estate investment trust’s stock worth $1,311,000 after buying an additional 6,150 shares in the last quarter. Renaissance Technologies LLC boosted its position in Sotherly Hotels by 4.7% in the first quarter. Renaissance Technologies LLC now owns 198,900 shares of the real estate investment trust’s stock worth $1,273,000 after buying an additional 8,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sotherly Hotels by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock worth $780,000 after buying an additional 10,173 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Sotherly Hotels during the first quarter worth approximately $709,000. Hedge funds and other institutional investors own 27.31% of the company’s stock.
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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