Sotherly Hotels (NASDAQ:SOHO) Receives New Coverage from Analysts at StockNews.com

Posted by on Aug 12th, 2023

Equities research analysts at StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Free Report) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the stock. Piper Sandler lifted their target price on shares of Sotherly Hotels from $2.00 to $2.25 and gave the stock a “neutral” rating in a research note on Friday. TheStreet downgraded shares of Sotherly Hotels from a “c” rating to a “d” rating in a research note on Friday, May 12th.

Check Out Our Latest Analysis on SOHO

Sotherly Hotels Stock Down 1.9 %

SOHO opened at $2.11 on Friday. Sotherly Hotels has a fifty-two week low of $1.63 and a fifty-two week high of $3.11. The company’s 50-day moving average is $2.08 and its 200 day moving average is $2.06. The company has a debt-to-equity ratio of 6.04, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $40.75 million, a P/E ratio of 1.39 and a beta of 1.71.

Sotherly Hotels (NASDAQ:SOHO – Get Free Report) last posted its quarterly earnings data on Thursday, August 10th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.24). Sotherly Hotels had a return on equity of 71.04% and a net margin of 20.21%. The company had revenue of $49.02 million for the quarter, compared to analysts’ expectations of $50.00 million. During the same quarter last year, the business posted $0.33 EPS. Research analysts expect that Sotherly Hotels will post 0.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sotherly Hotels

Several large investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in Sotherly Hotels during the third quarter valued at approximately $28,000. State Street Corp grew its stake in Sotherly Hotels by 69.3% during the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 7,345 shares in the last quarter. Millennium Management LLC purchased a new position in Sotherly Hotels during the second quarter valued at approximately $38,000. Virtu Financial LLC purchased a new position in Sotherly Hotels during the first quarter valued at approximately $55,000. Finally, Jane Street Group LLC grew its stake in Sotherly Hotels by 218.4% during the fourth quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 24,028 shares in the last quarter. Hedge funds and other institutional investors own 25.93% of the company’s stock.

Sotherly Hotels Company Profile

(Get Free Report)

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. Sotherly may also opportunistically acquire hotels throughout the United States.

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