Sotherly Hotels Inc. (NASDAQ:SOHO) was up 3% during trading on Wednesday . The stock traded as high as $6.22 and last traded at $6.15, with a volume of 114,751 shares traded. The stock had previously closed at $5.97.

Several equities research analysts recently commented on SOHO shares. Zacks Investment Research upgraded shares of Sotherly Hotels from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Thursday, May 26th. Janney Montgomery Scott began coverage on shares of Sotherly Hotels in a research report on Monday, May 23rd. They set a “buy” rating on the stock.

The stock has a 50-day moving average of $5.36 and a 200 day moving average of $5.36. The firm has a market cap of $91.64 million and a P/E ratio of 15.84.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Tuesday, May 10th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. On average, analysts anticipate that Sotherly Hotels Inc. will post $1.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Wednesday, June 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 5.87%. This is a positive change from Sotherly Hotels’s previous quarterly dividend of $0.09.

An institutional investor recently raised its position in Sotherly Hotels stock. LSV Asset Management boosted its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,840 shares of the real estate investment trust’s stock after buying an additional 1,900 shares during the period. LSV Asset Management owned approximately 1.37% of Sotherly Hotels worth $1,224,000 as of its most recent SEC filing.

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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