SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Upgraded by Zacks Investment Research to Hold

Share on StockTwits

Zacks Investment Research upgraded shares of SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) from a sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “SoTHERLY Hotels Inc. is a real estate investment trust. It is focused on the acquisition, renovation and upbranding and repositioning of upscale to upper upscale full-service hotels primarily in the Mid-Atlantic and Southern United States. The Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc., formerly known as MHI Hospitality Corporation, is headquartered in Williamsburg, Virginia. “

Shares of SOHO stock traded up $0.12 on Wednesday, reaching $6.62. 39,046 shares of the company’s stock were exchanged, compared to its average volume of 26,668. SOTHERLY HOTELS/SH SH has a 52 week low of $5.43 and a 52 week high of $7.69. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $92.44 million, a PE ratio of 6.77 and a beta of 0.73. The company’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $6.93.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.59). SOTHERLY HOTELS/SH SH had a negative return on equity of 3.21% and a negative net margin of 1.54%. The business had revenue of $51.54 million for the quarter, compared to the consensus estimate of $52.40 million. As a group, sell-side analysts predict that SOTHERLY HOTELS/SH SH will post 1.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 13th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date was Thursday, September 12th. SOTHERLY HOTELS/SH SH’s dividend payout ratio is currently 50.00%.

In other SOTHERLY HOTELS/SH SH news, CEO Andrew Sims purchased 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $25.90 per share, with a total value of $116,550.00. Following the purchase, the chief executive officer now owns 344,879 shares of the company’s stock, valued at $8,932,366.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 36,976 shares of company stock valued at $250,722 over the last three months. 14.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOHO. Burney Co. purchased a new position in SOTHERLY HOTELS/SH SH during the 1st quarter worth $109,000. Cottage Street Advisors LLC increased its holdings in SOTHERLY HOTELS/SH SH by 22.6% during the 2nd quarter. Cottage Street Advisors LLC now owns 406,655 shares of the real estate investment trust’s stock worth $2,830,000 after purchasing an additional 74,964 shares during the period. JPMorgan Chase & Co. increased its holdings in SOTHERLY HOTELS/SH SH by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,675 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 2,700 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in SOTHERLY HOTELS/SH SH by 214.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,342 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,963 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in SOTHERLY HOTELS/SH SH by 10.5% during the 2nd quarter. Renaissance Technologies LLC now owns 599,734 shares of the real estate investment trust’s stock worth $4,174,000 after purchasing an additional 57,021 shares during the period. Institutional investors own 30.06% of the company’s stock.

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.

See Also: Understanding each part of a balance sheet

Get a free copy of the Zacks research report on SOTHERLY HOTELS/SH SH (SOHO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SOTHERLY HOTELS/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOTHERLY HOTELS/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

FY2019 EPS Estimates for Physicians Realty Trust Raised by Capital One Financial
FY2019 EPS Estimates for Physicians Realty Trust Raised by Capital One Financial
Big Yellow Group  Hits New 1-Year High at $1,168.00
Big Yellow Group Hits New 1-Year High at $1,168.00
Bridgestone  Hits New 1-Year High at $21.37
Bridgestone Hits New 1-Year High at $21.37
Bank of Queensland  Sets New 1-Year Low at $8.54
Bank of Queensland Sets New 1-Year Low at $8.54
Deutsche Bank  Shares Gap Down to $7.63
Deutsche Bank Shares Gap Down to $7.63
Wayfair  Shares Gap Down to $84.60
Wayfair Shares Gap Down to $84.60


© 2006-2019 Ticker Report