Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report sent to investors on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

NASDAQ SOHO opened at $0.80 on Thursday. Sotherly Hotels has a 52 week low of $0.59 and a 52 week high of $1.54. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a market cap of $16.18 million, a price-to-earnings ratio of -2.44 and a beta of 0.89. The company has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.87.

Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, May 13th. The real estate investment trust reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Sotherly Hotels had a net margin of 0.92% and a return on equity of 3.48%. The firm had revenue of $48.31 million for the quarter, compared to analysts’ expectations of $47.40 million. Analysts forecast that Sotherly Hotels will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Sotherly Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of SOHO. Repertoire Partners LP acquired a new stake in Sotherly Hotels during the fourth quarter valued at approximately $442,000. Gamco Investors INC. ET AL lifted its stake in shares of Sotherly Hotels by 33.0% during the first quarter. Gamco Investors INC. ET AL now owns 835,800 shares of the real estate investment trust’s stock valued at $618,000 after acquiring an additional 207,283 shares during the period. Gator Capital Management LLC boosted its stake in shares of Sotherly Hotels by 17.0% in the 1st quarter. Gator Capital Management LLC now owns 1,170,147 shares of the real estate investment trust’s stock valued at $865,000 after purchasing an additional 169,960 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares during the period. Finally, Prudential Financial Inc. bought a new stake in Sotherly Hotels in the fourth quarter valued at about $33,000. Institutional investors own 27.54% of the company’s stock.

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.