Sotherly Hotels Inc. (NASDAQ:SOHO)’s share price traded up 4.3% during trading on Friday . The company traded as high as $6.02 and last traded at $6.00, with a volume of 64,078 shares. The stock had previously closed at $5.75.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Sotherly Hotels from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Janney Montgomery Scott assumed coverage on Sotherly Hotels in a research note on Monday, May 23rd. They issued a “buy” rating on the stock.

The stock’s 50-day moving average is $5.95 and its 200 day moving average is $5.47. The stock has a market cap of $90.44 million and a price-to-earnings ratio of 15.84.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.13. The business earned $41.83 million during the quarter, compared to analysts’ expectations of $42.46 million. On average, equities research analysts forecast that Sotherly Hotels Inc. will post $1.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 6.28%. The ex-dividend date is Tuesday, September 13th. This is a positive change 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.

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