SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Stock Crosses Below Two Hundred Day Moving Average of $0.00

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $7.09. SOTHERLY HOTELS/SH SH shares last traded at $7.09, with a volume of 159 shares changing hands.

Separately, Zacks Investment Research lowered W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

The company has a debt-to-equity ratio of 4.93, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50 day moving average is $7.17. The firm has a market capitalization of $101.25 million, a PE ratio of 6.84 and a beta of 0.74.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.36). The firm had revenue of $47.39 million during the quarter, compared to analysts’ expectations of $45.50 million. SOTHERLY HOTELS/SH SH had a negative return on equity of 1.50% and a negative net margin of 0.70%. Research analysts forecast that SOTHERLY HOTELS/SH SH will post 1.06 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Friday, June 14th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.31%. This is an increase from SOTHERLY HOTELS/SH SH’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, June 13th. SOTHERLY HOTELS/SH SH’s payout ratio is 50.00%.

In other SOTHERLY HOTELS/SH SH news, insider David R. Folsom sold 8,517 shares of SOTHERLY HOTELS/SH SH stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $7.60, for a total value of $64,729.20. Following the completion of the sale, the insider now directly owns 261,674 shares in the company, valued at $1,988,722.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Sims sold 4,000 shares of SOTHERLY HOTELS/SH SH stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $7.17, for a total transaction of $28,680.00. Following the completion of the sale, the chief executive officer now owns 381,855 shares of the company’s stock, valued at $2,737,900.35. The disclosure for this sale can be found here. Insiders have sold a total of 19,517 shares of company stock worth $146,259 over the last 90 days. 14.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC bought a new position in SOTHERLY HOTELS/SH SH in the 1st quarter valued at $434,000. Burney Co. bought a new stake in SOTHERLY HOTELS/SH SH in the 1st quarter valued at about $109,000. Cottage Street Advisors LLC lifted its position in SOTHERLY HOTELS/SH SH by 3.8% in the 1st quarter. Cottage Street Advisors LLC now owns 331,691 shares of the real estate investment trust’s stock valued at $2,259,000 after purchasing an additional 12,032 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in SOTHERLY HOTELS/SH SH by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 138,822 shares of the real estate investment trust’s stock valued at $779,000 after purchasing an additional 3,104 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

SOTHERLY HOTELS/SH SH Company Profile (NASDAQ:SOHO)

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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