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.
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.
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