Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sotherly Hotels (NASDAQ:SOHO) Stock Price
Media coverage about Sotherly Hotels (NASDAQ:SOHO) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sotherly Hotels earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.1371147624329 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Sotherly Hotels (NASDAQ SOHO) traded down 2.16% on Tuesday, hitting $6.34. The stock had a trading volume of 151,870 shares. Sotherly Hotels has a 1-year low of $4.65 and a 1-year high of $7.66. The company has a 50-day moving average price of $6.62 and a 200-day moving average price of $6.62. The stock has a market capitalization of $87.48 million, a price-to-earnings ratio of 81.28 and a beta of 0.77.
Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.09. Sotherly Hotels had a net margin of 2.02% and a return on equity of 4.16%. Equities analysts predict that Sotherly Hotels will post $0.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 15th will be given a $0.11 dividend. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 6.94%. Sotherly Hotels’s payout ratio is presently 466.72%.
Several brokerages have commented on SOHO. ValuEngine downgraded Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. TheStreet raised Sotherly Hotels from a “d+” rating to a “c” rating in a research note on Wednesday, May 10th. Finally, Zacks Investment Research raised Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sotherly Hotels presently has an average rating of “Hold” and an average target price of $7.00.
About Sotherly Hotels
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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