Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated at StockNews.com

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

Sotherly Hotels Stock Up 2.1 %

SOHO opened at $0.81 on Friday. The firm has a market cap of $16.08 million, a P/E ratio of -2.45 and a beta of 1.53. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The business has a 50 day moving average price of $0.92 and a 200 day moving average price of $1.10. Sotherly Hotels has a twelve month low of $0.78 and a twelve month high of $1.54.

Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.30). Sotherly Hotels had a return on equity of 3.48% and a net margin of 0.92%. The firm had revenue of $40.70 million during the quarter, compared to analyst estimates of $42.00 million. Research analysts forecast that Sotherly Hotels will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. Thompson Davis & CO. Inc. raised its holdings in Sotherly Hotels Inc. (NASDAQ:SOHO) by 21.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 323,201 shares of the real estate investment trust’s stock after buying an additional 57,666 shares during the quarter. Thompson Davis & CO. Inc. owned 1.63% of Sotherly Hotels worth $301,000 at the end of the most recent quarter. 27.54% of the stock is currently owned by institutional investors.

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.