Sotherly Hotels Inc. (NASDAQ:SOHO) shares traded down 1% during mid-day trading on Thursday . The stock traded as low as $5.99 and last traded at $6.07, with a volume of 89,764 shares. The stock had previously closed at $6.13.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Sotherly Hotels from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Janney Montgomery Scott assumed coverage on Sotherly Hotels in a report on Monday, May 23rd. They set a “buy” rating on the stock.

The firm has a market cap of $91.49 million and a PE ratio of 15.81. The firm has a 50-day moving average of $5.42 and a 200-day moving average of $5.36.

Sotherly Hotels (NASDAQ:SOHO) last announced 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 consensus estimate of $0.25 by $0.02. Equities research analysts predict that Sotherly Hotels Inc. will post $1.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 5.88%. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.09.

A hedge fund recently raised its stake in Sotherly Hotels stock. LSV Asset Management increased its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) by 1.0% during the fourth quarter, according to its most recent Form 13F filing 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 at the end of the most recent reporting period.

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.