Sotherly Hotels Inc. (SOHO) Trading 4.3% Higher
Sotherly Hotels Inc. (NASDAQ:SOHO)’s share price traded up 4.3% during trading on Friday . The stock traded as high as $6.02 and last traded at $6.00, with a volume of 64,078 shares changing hands. The stock had previously closed at $5.75.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Sotherly Hotels from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. Janney Montgomery Scott assumed coverage on shares of Sotherly Hotels in a report on Monday, May 23rd. They set a “buy” rating on the stock.
The firm has a market cap of $90.44 million and a PE ratio of 15.84. The firm has a 50 day moving average price of $5.95 and a 200-day moving average price of $5.47.
Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.13. The company had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $42.46 million. Equities research analysts forecast that Sotherly Hotels Inc. will post $1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Tuesday, September 13th. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.09.
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.