Sotherly Hotels (NASDAQ:SOHO) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04, Bloomberg Earnings reports. Sotherly Hotels had a return on equity of 3.98% and a net margin of 2.01%.
Sotherly Hotels (SOHO) traded up $0.02 during trading hours on Tuesday, reaching $6.12. The company’s stock had a trading volume of 70,045 shares, compared to its average volume of 31,111. Sotherly Hotels has a 52 week low of $5.57 and a 52 week high of $7.66. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 4.46. The stock has a market cap of $83.91, a price-to-earnings ratio of 6.82 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.115 per share. This is a positive change from Sotherly Hotels’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 7.52%. The ex-dividend date is Wednesday, March 14th. Sotherly Hotels’s payout ratio is -4,395.60%.
Large investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in Sotherly Hotels during the 4th quarter worth approximately $126,000. Virtu Financial LLC purchased a new stake in Sotherly Hotels during the 4th quarter worth approximately $175,000. Bank of New York Mellon Corp purchased a new stake in Sotherly Hotels during the 2nd quarter worth approximately $192,000. Goldman Sachs Group Inc. increased its stake in Sotherly Hotels by 33.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 41,898 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 10,580 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Sotherly Hotels by 27.1% during the 4th quarter. Deutsche Bank AG now owns 92,811 shares of the real estate investment trust’s stock worth $598,000 after buying an additional 19,766 shares in the last quarter. Institutional investors own 29.45% of the company’s stock.
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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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