Sotherly Hotels Inc. (NASDAQ:SOHO) shares saw unusually-strong trading volume on Tuesday . Approximately 83,615 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 51,925 shares.The stock last traded at $6.00 and had previously closed at $5.76.

Several equities analysts have recently issued reports on SOHO shares. Zacks Investment Research lowered shares of Sotherly Hotels from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. Janney Montgomery Scott started coverage on shares of Sotherly Hotels in a research note on Monday, May 23rd. They issued a “buy” rating for the company.

The company has a market capitalization of $92.68 million and a PE ratio of 16.0204. The firm has a 50-day moving average price of $5.36 and a 200 day moving average price of $5.36.

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

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

A hedge fund recently raised its stake in Sotherly Hotels stock. LSV Asset Management raised 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 institutional investor 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 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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