StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a research report released on Friday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Trading Up 2.6 %
NASDAQ SOHO opened at $1.20 on Friday. The firm has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.39. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. Sotherly Hotels has a one year low of $1.09 and a one year high of $2.50. The firm has a market cap of $23.82 million, a price-to-earnings ratio of -5.71 and a beta of 1.67.
Sotherly Hotels (NASDAQ:SOHO – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.24). Sotherly Hotels had a net margin of 2.18% and a return on equity of 7.86%. The business had revenue of $46.55 million during the quarter, compared to analysts’ expectations of $45.80 million. During the same period in the previous year, the business posted $0.24 EPS. Equities research analysts anticipate that Sotherly Hotels will post 0.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
About Sotherly Hotels
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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