Sotherly Hotels Inc. (NASDAQ:SOHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
A number of other equities analysts have also commented on the company. ValuEngine lowered Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. TheStreet lowered Sotherly Hotels from a “c” rating to a “d+” rating in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $8.00.
Shares of Sotherly Hotels (NASDAQ:SOHO) traded up 0.8135% on Wednesday, hitting $5.9984. The stock had a trading volume of 9,967 shares. Sotherly Hotels has a 52 week low of $4.65 and a 52 week high of $7.66. The firm has a 50 day moving average price of $5.96 and a 200-day moving average price of $6.30. The company’s market cap is $82.87 million.
Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.39). The business had revenue of $40.64 million during the quarter, compared to analyst estimates of $42.50 million. Sotherly Hotels had a return on equity of 3.02% and a net margin of 1.59%. Analysts anticipate that Sotherly Hotels will post $0.27 EPS for the current year.
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Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in Sotherly Hotels by 2.5% in the first quarter. Stifel Financial Corp now owns 20,600 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 500 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Sotherly Hotels in the second quarter worth $192,000. Goldman Sachs Group Inc. boosted its stake in Sotherly Hotels by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,318 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 17,337 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sotherly Hotels by 93.2% in the first quarter. JPMorgan Chase & Co. now owns 40,485 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 19,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Sotherly Hotels by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock worth $780,000 after purchasing an additional 10,173 shares in the last quarter. 26.49% of the stock is currently owned by institutional investors.
About Sotherly Hotels
Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.
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