Short Interest in SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Grows By 87.7%

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SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 45,800 shares, a growth of 87.7% from the April 30th total of 24,400 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is presently 1.4 days.

Separately, Zacks Investment Research cut shares of SOTHERLY HOTELS/SH SH from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 21st.

SOHO stock traded down $0.01 during trading on Wednesday, reaching $7.26. 100 shares of the company were exchanged, compared to its average volume of 31,578. The stock has a market cap of $103.82 million, a price-to-earnings ratio of 6.96 and a beta of 0.80. SOTHERLY HOTELS/SH SH has a twelve month low of $5.43 and a twelve month high of $7.69. The company has a debt-to-equity ratio of 4.93, a current ratio of 1.86 and a quick ratio of 1.86.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.36). The company had revenue of $47.39 million for the quarter, compared to analyst estimates of $45.50 million. SOTHERLY HOTELS/SH SH had a negative return on equity of 1.50% and a negative net margin of 0.70%. On average, equities research analysts anticipate that SOTHERLY HOTELS/SH SH will post 1.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 7.16%. This is a positive change from SOTHERLY HOTELS/SH SH’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 13th. SOTHERLY HOTELS/SH SH’s payout ratio is presently 50.00%.

In other news, CEO Andrew Sims sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $7.55, for a total value of $52,850.00. Following the completion of the transaction, the chief executive officer now directly owns 389,855 shares in the company, valued at approximately $2,943,405.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David R. Folsom sold 8,517 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $7.60, for a total transaction of $64,729.20. Following the completion of the transaction, the insider now owns 261,674 shares of the company’s stock, valued at $1,988,722.40. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. HL Financial Services LLC grew its holdings in SOTHERLY HOTELS/SH SH by 11.9% during the 4th quarter. HL Financial Services LLC now owns 13,965 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 1,485 shares during the last quarter. Burney Co. bought a new stake in SOTHERLY HOTELS/SH SH during the 1st quarter worth approximately $109,000. Wiley BROS. Aintree Capital LLC bought a new stake in SOTHERLY HOTELS/SH SH during the 4th quarter worth approximately $171,000. Wedge Capital Management L L P NC bought a new stake in SOTHERLY HOTELS/SH SH during the 1st quarter worth approximately $434,000. Finally, Dimensional Fund Advisors LP grew its holdings in SOTHERLY HOTELS/SH SH by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 138,822 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 3,104 shares during the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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SOTHERLY HOTELS/SH SH 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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.

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